March 28, 2017 9:46 PM ET

Media

Company Overview of Al Jazeera America, LLC

Company Overview

Al Jazeera America, LLC owns and operates a news channel that provides domestic and international news for American audiences in the United States. Its news channel covers economy, technology, science, environment, culture, human rights, and sports news. Al Jazeera America, LLC was formerly known as Current TV, LLC and changed its name to Al Jazeera America, LLC in January 2013. The company was founded in 2002 and is based in New York, New York. It has news bureaus in the United States and internationally. As of January 2, 2013, Al Jazeera America, LLC operates as a subsidiary of beIN SPORTS.

435 Hudson Street

New York, NY 10014

United States

Founded in 2002

Phone:

212-967-7047

Key Executives for Al Jazeera America, LLC

Chief Executive Officer
President
Editor-In-Chief and Executive Vice President of Content
Executive Vice President of Finance & Accounting
Executive Vice President of Business & Legal Affairs and General Counsel
Compensation as of Fiscal Year 2016.

Al Jazeera America, LLC Key Developments

Al Jazeera America to Lay Off 197 Employees

Al Jazeera America has issued a WARN (Worker Adjustment and Retraining Notification Act) notice, stating that it will lay off 197 employees with the shut down of its operations in America. The WARN notice is mandated by U.S. labor law and requires companies with 100 or more employees to provide 60 days advance notification of plant closings and mass layoffs. The notice stated that the lay offs will occur between April 13 and April 30.

Al-Jazeera America to Shut Down

Less than three years after its launch, Al-Jazeera America is shutting down. The network's last day on the air will be 30 April. The enterprise was troubled from the beginning: seven hours into its first day on the air, Al-Jazeera America was already mired in a lawsuit with one of its carriers, AT&T, which dropped the network before it even began. Its viewership was usually between 20,000 and 40,000 viewers in prime time - Fox News averaged 1.95m viewers in the third quarter of 2015. With few cable operators willing to add the network to already overcrowded cable plans and skittishness about the association of the channel with the Middle East in the conservative US advertising world, the network never found its footing.

Herring Networks Eyes Acquisition Of Al Jazeera America

One America News Network (OAN) parent Herring Networks is exploring buying the shuttering Al Jazeera America to get carriage on cable systems. Herring said,"The latest ratings information from third party Rentrak shows that One America News Network has over four times the ratings [of Al Jazeera America]. We are inquiring about the opportunity to acquire Al Jazeera America,". Herring also said he would be willing to "soften the blow" to Al Jazeera staffers by "absorbing some of their operations such as New York City and D.C. staff."

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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