Al Jazeera America announced it will shut down its TV and digital operations April 30.

The move was “driven by the fact that our business model is simply not sustainable in light of the economic challenges in the U.S. media marketplace”, said AJAM CEO Al Anstey.

At the same time, AJAM’s parent company has committed to an expansion of its worldwide digital operations in the US. “By expanding its digital content and distribution services to now include the U.S., the Network will be better positioned to innovate and compete in an overwhelmingly digital world to serve today’s 24-hour digitally focused audience,” said an Al Jazeera Media Network statement.

Al Jazeera purchased the network previously known as Current in January 2013, with some reports pegging the deal at as much as $500 million.

The Daily

Subscribe

ESPN Wins Gold in Beta Research’s Latest

ESPN emerged as the top must-have basic cable network in Beta Research ’s latest study, being given a four or five on a five-point scale by 40% of adults over the age of 18. Falling just behind in a

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.