Al-Jazeera buys U.S. TV network

Current TV Chairman Al Gore has confirmed that Qatar-based Al-Jazeera has acquired his news channel. File photo.

With its purchase of left-leaning Current TV, the Pan-Arab news channel Al-Jazeera has fulfilled a long-held quest to reach tens of millions of U.S. homes.

The nation’s second-largest TV operator, Time Warner Cable Inc., dropped Current after the deal was confirmed on Wednesday, a sign that the channel will have an uphill climb to expand its reach.

“Our agreement with

Current has been terminated and we will no longer be carrying the service. We are removing the service as quickly as possible,” the company said in a statement.

Still, the acquisition of

Current , the news network that was co-founded by former Vice President Al Gore, boosts Al-Jazeera’s reach in the U.S. beyond a few large U.S. metropolitan areas including New York and Washington nearly nine fold to about 40 million homes.

Mr. Gore confirmed the sale on Wednesday, saying in a statement that Al-Jazeera shares Current TV ’s mission “to give voice to those who are not typically heard; to speak truth to power; to provide independent and diverse points of view; and to tell the stories that no one else is telling.”

Al-Jazeera , owned by the government of Qatar, plans to gradually transform

Current into a network called

Al-Jazeera America by adding five to 10 new U.S. bureaus beyond the five it has now and hiring more journalists. More than half of the content will be U.S. news and the network will have its headquarters in New York, spokesman Stan Collender said.

Mr. Collender said there are no rules against foreign ownership of a cable channel unlike the strict rules limiting foreign ownership of free-to-air TV stations. He said the move is based on demand, adding that 40 per cent of viewing traffic on Al-Jazeera English’s website is from the U.S.

“This is a pure business decision based on recognized demand,” Mr. Collender said. “When people watch Al-Jazeera , they tend to like it a great deal.”