NY Post

Al Jazeera America Shutters Its Shop for Good — But Does It Still Owe Millions to Some MSOs?

Apr 13, 2016  •  Post A Comment

The cable news channel Al Jazeera America signed off permanently as a TV channel Tuesday, although the New York Post reports that it will maintain a presence online. The Post also reports that the channel may owe millions to its distribution partners.

“The cable channel, owned by Qatar-based media company Al Jazeera, has hired high-priced law firm Skadden Arps to fend off potential claims from cable-TV providers and others that agreed to carry the channel, sources said,” the Post reports. “Time Warner Cable and Comcast are among those that could claim to be owed millions, they said.”

The channel reportedly agreed to split ad money with some of its distributors as it struggled to expand its footprint in the U.S. “Under those deals, it also committed to buy ads to promote itself and its partners, sources said,” the story reports. “Time Warner Cable is owed north of $50 million, according to one source, although that figure couldn’t be confirmed.”

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One Comment

  1. They owe tens of millions to MSO’s they won’t pay, but hire a ‘high-priced law firm’ to fend off those creditors. Nice business plan. Wonder if the law firm is asking for cash-in -advance

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