Al Jazeera America, which went on the air in 2013 — and is partly funded by the ruling family of Qatar — announces it is shutting down at the end of April, citing the “economic landscape of the media environment.”
Al Jazeera said in a statement that “Al Jazeera America will cease operation by April 30, 2016,” explaining that “while Al Jazeera America built a loyal audience across the U.S. and increasingly was recognized as an important new voice in television news, the economic landscape of the media environment has driven its strategic decision to wind down its operations and conclude its service.”
Al Anstey, Al Jazeera America’s chief executive, reportedly said in a memo to staffers. “I know the closure of AJAM will be a massive disappointment for everyone here who has worked tirelessly for our long-term future. The decision that has been made is in no way because AJAM has done anything but a great job.”
Al Jazeera’s prime-time ratings range from 20,000 to 30,000 viewers, according to Nielsen data. Upon taking over the network in May 2015, Antsley downplayed the network’s ratings woes, saying it would “take time to build viewership.”
The network also said it will be ramping up its digital offerings in the U.S. as it shuts down its news channel.
source: Fox 411
The failing Current TV broadcast company was bought from Al Gore for nearly $500 million and relaunched as Al Jazeera America. I bet Al still sleeps fine at night.