Al Jazeera, which made a massive investment in covering the United States less than three years ago, is slamming the brakes on its American operation, reports POLITICO.
The report, in part, also stated:
“Al Jazeera America, a cable news channel that debuted in August 2013, is shutting down. Employees were informed of the decision during an all-hands staff meeting on Wednesday afternoon.
“During the meeting, Al Jazeera America brass said the channel’s business model was “no longer sustainable.” It will shut down by April 30, an Al Jazeera America executive told staff, saying the decision was made by the channel’s board of directors and was not a reflection of the quality of their work.
“Employees also were told that Al Jazeera will pursue a new global online strategy with content delivered from the U.S. later this year.
“The Qatar-based Arab-language broadcaster Al Jazeera created an American channel two-and-a-half years ago in a bid to bring its brand to U.S. audiences that were increasingly being exposed to global media.”
The network had studio space at the Newseum in Washington, D.C.