Al Jazeera rumored to be interested in NYT offices
Al Jazeera are looking at buying the former NYT offices in New York
Click here to add Al Gore as an alert
Disable alert for Al Gore,
Click here to add Al Jazeera America as an alert
Disable alert for Al Jazeera America,
Click here to add CBRE as an alert
Disable alert for CBRE,
Click here to add Current TV as an alert
Disable alert for Current TV,
Click here to add Doha as an alert
Disable alert for Doha,
Click here to add Dubai as an alert
Disable alert for Dubai,
Click here to add Informa Telecoms & Media as an alert
Disable alert for Informa Telecoms & Media,
Click here to add Matthew Reed as an alert
Disable alert for Matthew Reed,
Click here to add New York as an alert
Disable alert for New York,
Click here to add New York Times as an alert
Disable alert for New York Times,
Click here to add Wall Street Journal as an alert
Disable alert for Wall Street Journal
Al Jazeera is on the hunt for a bigger HQ in New York, after paying $500 million for a small TV network in a bid to boost its U.S. presence.
The Qatari broadcaster has looked at the iconic former New York Times building as part of its search, and has appointed the real-estate services firm CBRE to assist, the Wall Street Journal reported.
Sources close to Al Jazeera confirmed the broadcaster was on the lookout for a New York headquarters. “They’re looking for a building, and have a range of options,” a source told Al Arabiya.
Al Jazeera representatives could not immediately provide a comment.
The former New York Times building, occupying a prime site on West 43rd Street, is one of several spaces to be considered by the Doha-based broadcaster, which is currently renting temporary studio space nearby, according to the Wall Street Journal.
The Qatari broadcaster said in January it would buy Current TV, which was cofounded by former American vice-president Al Gore in 2005, for $500 million.
The left-leaning Current TV had a prime-time audience of just 42,000 in the fourth quarter of 2012, and the acquisition by Al Jazeera was widely viewed to be about gaining distribution in more U.S. homes.
The broadcaster plans to scrap the Current TV station and replace it with a channel called Al Jazeera America, which will be based in New Year and begin broadcasting later this year.
Al Jazeera was last month advertising 98 job openings in New York prior to the launch of the new station.
Matthew Reed, a principal analyst at Informa Telecoms & Media in Dubai, in January told Al Arabiya that Al Jazeera’s acquisition of Current TV was “quite a risky move.”
“There are some negative perceptions about Al Jazeera in some quarters of the U.S.,” Mr Reed said.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?