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WDAY: The News Leader

Published January 03, 2013, 03:14 PM

Al-Jazeera pays $500M for Current TV

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 aims to quickly spread its message to more Americans.

By: RYAN NAKASHIMA,AP Business Writer, Associated Press

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