Al Jazeera is finalizing a deal to take over Current TV, owned by former Vice President Al Gore and his business partners, The New York Times reports. The deal for the Doha, Qatar-based network to take over low-rated is nearly done.
Current would provide the pan-Arab news giant with something it has sought for years: a pathway into American living rooms. Current is available in about 60 million of the 100 million homes in the United States with cable or satellite service.
After several years in obscurity showing user-generated videos and documentaries, Current tacked to the left in 2011 with the hire of MSNBC's Keith Olbermann. A year later, Mr. Olbermann was fired, but a liberally-minded channel made in his image remained. The channel now simulcasts liberal radio shows in the morning and features news-talk shows in the evening by Joy Behar, Eliot Spitzer, Jennifer Granholm, and others.
The plan will bring Al Jazeera, which is financed by the government of Qatar, into closer competition with CNN and other news channels in the United States.
Via The New York Times.