Al Jazeera to Shut Down American News Channel, Citing Unsustainable Business Model

Heh.

A terrible loss. And just think, Al Gore suckered these idiots out of $500 million for his failed old "Current TV" channel.

Lolz.

From Ed Driscoll, at Instapundit, "SAD NEWS FROM THE MEDIA WORLD; Al Jazeera America to shut down in April, CNN reports...":

In an email to staff on Wednesday, Anstey said that the decision to pull the plug on Al Jazeera America was “driven by the fact that our business model is simply not sustainable in an increasingly digital world, and because of the current global financial challenges.”

Al Jazeera America launched in 2013 after its Doha-based parent company bought Current TV from Al Gore and others for $500 million. The channel was billed as a more sober alternative to the rancor and sensationalism that typifies other cable news outlets.

“Viewers will see a news channel unlike the others, as our programming proves Al Jazeera America will air fact-based, unbiased and in-depth news,” the channel’s former CEO Ehab Al Shihabi said around the time of the launch...

More.

And at Twitchy, "'Demand a refund from Al Gore?' Al Jazeera America shutting down," and "Hillaryous! Flashback: Hillary describes Americans’ appetite for Al Jazeera’s ‘real news’ [Vine]."