Al Jazeera Buys Current TV

Thursday, 03 January 2013 | by Pat's Picks

Al Jazeera just put the finishing touches on a deal to buy Current TV, the San Francisco-based cable news channel, reports the Chronicle this morning. Former Vice President Al Gore, who is the co-founder of the network, says Al-Jazeera and Current have a similar philosophy, “that facts and truth lead to a better understanding of the world around us.” The deal apparently cost between $400 and 500 million.

SOURCE: San Francisco Chronicle