Current TV was sold to Al-Jazeera English for a reported $500 million dollars. Eliot Spitzer has quit his show, while the Young Turks made a point of saying they are independent, and thus owned by neither organization.
Time Warner Cable opportunistically jumped at the chance to drop Current with the ‘change of ownership’ clause in their contract. Time Warner contends it was not a political move, but cited ‘lack of demand’ and their already-streaming online free content as factors. According to the New York Times, Time Warner Cable wrote: “We are keeping an open mind, and as the service develops, we will evaluate whether it makes sense, for our customers, to launch the network.”
The point has been made at AlterNet that Time Warner subscribers are hit with the cost of political organizations they may not even want, with FOX charging $1 per month for its content and MSNBC 20 cents.… Read the rest