January 07, 2013
Time Warner Drops Current TV after Al Jazeera Purchase
By Steve Anderson, Contributing TMCnet Writer
Current TV's history has proven a bit rocky. It was recently bought out by the Al Jazeera network, which hasn't proven popular on several fronts. Time Warner (News - Alert) expressed sufficient outrage at the sale, removing Current TV from its lineup upon the completion of the Al Jazeera purchase.
It took Time Warner just hours to pull Al Jazeera's new purchase, replacing the Current TV feed with a simple on-screen text block reading “This channel is no longer available on Time Warner Cable.” This puts a significant kink into Al Jazeera's plans to get into the American cable market with the news network Al Jazeera America, as Current TV had a maximum reach of 40 million households. But with the removal of Time Warner from consideration, that number is cut by nearly a third, as Time Warner Cable's 12 million households are now lost to Al Jazeera.
As for the reason behind Time Warner's dropping of Current TV, the official word from the company was simply, “Our agreement with Current will be terminated and we will no longer be carrying the channel.” A memo from Current TV co-founder Joel Hyatt said Time Warner Cable “did not consent to the sale to Al Jazeera,” though Hyatt expressed confidence that “Al Jazeera America will earn significant carriage in the months and years ahead... Read More