Al Jazeera has decided to expand its reach further to Turkey by launching a Turkish news channel. Al Jazeera has offered Cine 5 television channel a whooping amount of $21 million to acquire the Turkish news channel.
On Monday, the bid by Al Jazeera was the only bid for Cine 5 television channel which had previously been seized by the government. It was the fifth time that the channel was auctioned yet Al Jazeera’s offer was just above half the appraisal rate of $40 million, decided by the Savings Deposit and Insurance Fund (SDIF) said a report in the Hurriyet Daily News.
Tags: Al Jazeera