Via Politico. HT JohnnyDollar.
Al Jazeera, which made a massive investment in covering the United States less than three years ago, is slamming the brakes on its American operation.
Al Jazeera America, a cable news channel that debuted in August 2013, is shutting down. Employees were informed of the decision during an all-hands staff meeting on Wednesday afternoon.
During the meeting, a Al Jazeera America brass said the channel’s business model was “no longer sustainable.” It will shut down by April 30.
The Qatar-based Arab-language broadcaster Al Jazeera created an American channel in a bid to bring its brand to U.S. audiences that were increasingly being exposed to global media
I’m experiencing massive ‘Schadenfreude’ after reading this news.
posted 1/13 230pm Texas[57 Channels and nothing’s on…]Time
Al ‘Global Warming’ Gore could get a real great deal if he wants to purchase Al Jazeera from the Qatarians. 🙂
What I find curious, Al Jazeera America came in at the start of Obama’s 2nd term and leaving (failed?) towards the end of his 2nd term, curious indeed, almost seems like a test-run, under ‘The Permissive One’.
Don’t know, but they might have been counting on net neutrality cutting down social media and benefiting themselves faster than Obama has been able to make it happen.