Al Jazeera Acquires Current TV

    NEW YORK, NY - FEBRUARY 09:  Al Gore, chairman and co-founder of Current TV, and Joel Hyatt, executive vice chairman and co-founder of Current TV, speak during the Current TV Upfront at the Paley Center For Media on February 9, 2011 in New York City.  (Photo by Joe Kohen/Getty Images for Current TV) *** Local Caption *** Al Gore;Joel Hyatt

    Joe Kohen / Getty Images

    International news juggernaut Al Jazeera may soon be reaching a wider American audience. On Wednesday the organization acquired Current TV, the cable-news channel founded by Al Gore seven years ago. Current TV is currently available in 60 percent of American homes with cable or satellite. As part of the reported new deal, Al Jazeera will create a new channel based in New York that will produce about 60 percent of its content in the U.S., and use its Qatar-based Al Jazeera English channel to program the other 40 percent. While Al Jazeera may retain some Current staffers, the latter channel’s lineup will probably dissolve in the spring.

    Read it at The New York Times