Al-Jazeera buys Current TV, launches push into US | Bangkok Post: news

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Al-Jazeera buys Current TV, launches push into US

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The pan-Arab news giant Al-Jazeera bought Current TV, a struggling US cable channel, Wednesday in a deal aimed at giving the Qatar-based broadcaster the scope to challenge major American TV networks. 

A general view shows the newsroom at the headquarters of the Qatar-based Al-Jazeera channel, in Doha, on November 14, 2006. The pan-Arab news giant Al-Jazeera bought Current TV, a struggling US cable channel, Wednesday in a deal aimed at giving the Qatar-based broadcaster the scope to challenge major American TV networks.

Current, co-founded by former US vice president Al Gore, announced the sale in a statement that was later confirmed by Al-Jazeera. The acquisition will allow the latter to reach millions more US homes than it does at present.

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