Time Warner pulls plug on Current TV hours after news of sale to Al Jazeera...
NEW YORK –- Time Warner Cable pulled the plug on Current TV just hours after news of the cable channel's sale to Al Jazeera became official.
"This channel is no longer available on Time Warner Cable," read an on-screen message where Current TV used to be found.
Al Jazeera took a major step into the U.S. cable market Wednesday by acquiring beleaguered Current TV and announcing plans for a U.S.-based news network to be called Al Jazeera America. But while the new channel will soon be available in 40 million households, Al Jazeera faced a setback when Time Warner Cable -- which reaches 12 million homes -- announced it was dropping the low-rated Current, which occupied a spot that could have been switched to Al Jazeera America.
Joel Hyatt, who co-founded Current TV with former Vice President Al Gore, told staff in a Wednesday night memo that Time Warner Cable "did not consent to the sale to Al Jazeera."
"Consequently, Current will no longer be carried on TWC," Hyatt wrote. "This is unfortunate, but I am confident that Al Jazeera America will earn significant additional carriage in the months and years ahead."