UPDATE: Al Jazeera Buys Current TV, But It Won’t Be On Time Warner Cable

UPDATE, 4 PM: Current TV CEO Joel Hyatt just confirmed the sale in a memo to staffers. “Getting this transaction done was very difficult,” he writes. (Read the network’s official statement after the original break of the story.) Since Time Warner Cable would not consent to the sale “Current will no longer be carried on TWC. This is unfortunate, but I am confident that Al Jazeera America will earn significant additional carriage in the months and years ahead.” Time Warner Cable says that it is “removing the service as quickly as possible.” The loss of the No. 2 cable operator will hurt: Time Warner Cable has 12.2M video subscribers and Current reaches about 59M homes. Others also could follow Time Warner Cable’s lead as they look to prune their often bloated channel lineups. Al Jazeera has fought an uphill battle to win carriage on U.S. cable systems. Operators say it’s too expensive, and that there’s too little interest in the subjects it covers. Fans of the channel say it’s due to unreasonable fears that Al Jazeera’s content will be too controversial and possibly propagandistic. Al Jazeera fought back, and further infuriated cable execs, by live-streaming its English-language programming. (more…)

This article was printed from https://deadline.com/2013/01/al-jazeera-to-acquire-current-tv-ny-times-395548/