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  • UPDATE: Al Jazeera Buys Current TV, But It Won’t Be On Time Warner Cable

    01/02/2013 6:18:29 PM PST · by jimbo123 · 10 replies
    Deadline ^ | 1/2/13 | DAVID LIEBERMAN, Executive Editor
    Current TV CEO Joel Hyatt just confirmed the sale in a memo to staffers. “Getting this transaction done was very difficult,” he writes. (Read the network’s official statement after the original break of the story.) Since Time Warner Cable would not consent to the sale “Current will no longer be carried on TWC. This is unfortunate, but I am confident that Al Jazeera America will earn significant additional carriage in the months and years ahead.” Time Warner Cable says that it is “removing the service as quickly as possible.” The loss of the No. 2 cable operator will hurt: Time...