Al-Jazeera Cuts Back On News To Invest In Sports

Like many other media entites, Al-Jazeera -- "the network that was supposed to be an Arab CNN, offering a counterweight to Western cable news" -- is cutting spending on its English language news-gathering, writes Bloomberg Businessweek reporters. Instead, it's "building up its presence in a more lucrative corner of the media world[,] European soccer," by launching the sports network BeIN Sport.

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Tags: cable tv, news
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