January 31, 2005 |
Al Jazeera, the Arab satellite TV station that has drawn the ire of officials in Washington, is studying how to become a private company without subsidies from Qatar's government, a station spokesman said Sunday. Since its start in 1996, Al Jazeera has won a large following across the Arab world with a reputation as an independent voice in a region where most news media are state-controlled. U.S.
January 3, 2013 |
Al Jazeera hopes it can succeed where Al Gore failed with Current TV. Gore and his business partner Joel Hyatt tried to turn Current TV into a legitimate news/talk channel and compete with MSNBC for liberal-minded viewers. Current spent heavily to woo commentator Keith Olbermann, hoping he'd be the linchpin of the channel. Instead, Olbermann clashed with management and was bounced out last March, barely a year into a five-year deal. With him went any momentum Current had to increase its tiny audience and add advertisers.
November 8, 2012 |
Peter Chernin's media company has received an investment of approximately $100 million from Qatar Holding, considerably expanding its ability to make strategic acquisitions. "The Chernin Group will use this capital to expand and diversify the company's media and entertainment operations in the U.S. and across Asia," the company said in a statement Thursday. Terms of the deal were not officially disclosed, but a person familiar with the agreement put the investment in the $100-million range.
February 3, 2002 |
An influential Arab television station said Saturday that it never aired an October interview with Osama bin Laden because the interview was conducted under duress and the questions were dictated to its correspondent. The statement from Al Jazeera was the latest round in a rift between the satellite outfit and CNN over the Bin Laden interview.
January 2, 2013 |
Current TV, the small cable news channel that was co-founded by former vice president Al Gore, has been sold to Al Jazeera, the Qatar-based media company. The acquisition gives Al Jazeera, which is funded by the Qatar government, the opportunity to establish a footprint in the United States, where it already has an English-language version of its Qatar service -- called Al Jazeera English -- but only limited reach. Just buying Current does not guarantee instant distribution, however.
December 7, 2010 |
With the sale of Miramax Films completed, the future of the pioneering independent studio will be a test of one of Hollywood's newest sources of money: Colony Capital. Since the 19-year-old Santa Monica investment firm joined in late June with construction magnate Ron Tutor to bid for Miramax, Colony has taken the lead in shaping the acquisition, raising money and charting a new course for the studio. The $663-million deal's lead investor was the Qatar government's sovereign wealth fund, which was recruited by Colony founder and Chief Executive Tom Barrack.