Al Anstey, Al Jazeera America’s CEO said the decision was “driven by the fact that our business model is simply not sustainable in light of the economic challenges in the U.S. media marketplace.”
Coupled with the announced closure, Al Jazeera’s staff also stated that the parent company will be looking to “commit to a significant expansion of its worldwide digital operations into the U.S. market so that the company can be better positioned to innovate and compete in an overwhelmingly digital world to serve today’s 24-hour digitally focused audience.”
However, Anstey promised that the network will continue to work assiduously until it shuts down.
“Between now and April, we will continue to show America why AJAM has won respect and the fierce loyalty of so many of our viewers,” Anstey said.
The news was announced at a sudden staff-wide meeting on Wednesday afternoon. As many as 700 staff members could lose their jobs, according to sources at the company.
The channel's end appears to have been prompted by the plunging price of oil, which dropped below $30 a barrel on Tuesday for the first time in 12 years. That's significant because Al Jazeera America is owned by Al Jazeera Media Group, which in turn is owned by the government of Qatar.
![HOW FEMI ADESINA BECAME PUBLIC ENEMY NUMBER ONE [MUST READ]](https://1.bp.blogspot.com/-RCdspyp-d9w/V0sqDXcG4aI/AAAAAAAAFmU/yA_dGqKh9PEaNT90V0kiiWYXzQZihmm1QCLcB/s72-c/tmp_20867-Femi-V-Adesina-3-300x300-1640121803.jpeg "HOW FEMI ADESINA BECAME PUBLIC ENEMY NUMBER ONE [MUST READ]")
0 Comment to "SHOCKING! ALJAZEERA TO SHUTDOWN!!!"
Post a Comment