Al Jazeera Buys Current TV [Update]

Al Jazeera, the Arab news network, is reportedly nearing a deal to take over Current TV, the struggling cable network co-founded by former Vice President Al Gore in 2005. According to the New York Times’Brian Stelter, who was first to report on the potential deal, acquiring Current would give the Middle Eastern news channel access to 60 million of the 100 million American homes that get cable or satellite TV.

Update (8:44 p.m.): Current TV founder co-founder Joel Hyatt confirmed Al Jazeera will purchase the network in an email to staff this evening. Read More