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Al-Jazeera pays $500 million for Current TV

Published 01/03/2013, The Jamestown Sun

LOS ANGELES (AP) — With its $500 million purchase of left-leaning Current TV, the Pan-Arab news channel Al-Jazeera will soon be seen in tens of millions of U.S. homes. It's a steep price, but the acquisition helps the network in its aim to quickly spread its message to more Americans.

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