It’s official. On Monday Al Jazeera, the internationals renowned news organization purchased Current TV, the struggling news and editorial network on many cable systems throughout North America. Current TV, which was founded by former United States Vice President Al Gore and Joel Hyatt could not find a footing in the competitive 24 hour news climate. Both Gore and Hyatt were thrilled with the news that the deal is now official.
“We are proud and pleased that Al Jazeera, the award-winning international news organization, has bought Current TV,” Gore and Hyatt said in a statement. “Since its founding in 2005, Current has grown into a national network available in nearly 60 million homes, offering thought-provoking commentary and Emmy and Peabody award-winning programming.”
It’s not all a bed of roses however. Time Warner cable systems will not be carrying the channel as it transitions from Current TV into presumably an Americanized Al Jazeera–and they will be terminating their agreement as soon as possible. “Our agreement with Current has been terminated and we will no longer be carrying the service,” a Time Warner Cable spokeswoman said. “We are removing the service as quickly as possible.”
Current TV originally launched with the intended goal of providing an alternate, progressive and decisively independent perspective in cable news. Since then many analysts point to a liberal lineup during primetime that consists of anchors and personalities that built their reputations on other networks. Even so with built-in audiences looking for their favorite political analysts, ratings were dismal and the network struggled onward–now American’s will be provided with a whole new type of 24 hour cable news network.