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Al-Jazeera pays $500 million for Current TV

  • FILE - In this Jan. 13, 2012 file photo, Former Vice President Al Gore, Current TV Chairman and Co-Founder, participates in the Television Critics Association Winter Press Tour in Pasadena , Calif. Al-Jazeera, the Pan-Arab news channel that has struggled to win space on American cable television, has acquired Current TV, Gore confirmed Wednesday, Jan. 2, 2013. (AP Photo/Danny Moloshok, File)

LOS ANGELES — With its $500 million purchase of left-leaning Current TV, the Pan-Arab news channel Al-Jazeera will soon be seen in tens of millions of U.S. homes. It's a steep price, but the acquisition helps the network in its aim to quickly spread its message to more Americans.

The purchase will create a news channel called Al-Jazeera America, coming to American homes 90 days from now with a distinctly non-American view of the world. The network claims many people in the U.S. have sought its programming online, and that it aims to present an "unbiased" view, "representing as many different viewpoints as possible."

The deal already had its first casualty.

The nation's second-largest TV operator, Time Warner Cable Inc., dropped Current after the deal was confirmed Wednesday, saying the network didn't have enough viewers.

The change in ownership gives Time Warner Cable the right to drop the channel, but spokeswoman Maureen Huff said the company is keeping "an open mind" about airing the new Al-Jazeera America.


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