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Al Jazeera America Is Shutting Down

al-jazeeraAl Jazeera America is coming to an end.

According to a breaking Capital New York report, the global network is shuttering its American outlet after only two and a half years on the air. There was a staff meeting informing all employees of the big news, and the report says the network concluded their business model was “no longer sustainable.”

Politico‘s Hadas Gold tweeted out more info about the big news:

The New York Times obtained an internal memo reading the following:

I know the closure of AJAM will be a massive disappointment for everyone here who has worked tirelessly for our long-term future. The decision that has been made is in no way because AJAM has done anything but a great job. Our commitment to great journalism is unrivaled.

Al Jazeera America is set to close down on April 30.

UPDATE –– 2:44 pm EST: Al Jazeera’s own announcement emphasizes the expansion of its international digital services first before getting to the part about the shuttering of AJAM:

Separately, Al Anstey, CEO of Al Jazeera America, today announced that Al Jazeera America will cease operation by April 30, 2016. While Al Jazeera America built a loyal audience across the US and increasingly was recognised as an important new voice in television news, the economic landscape of the media environment has driven its strategic decision to wind down its operations and conclude its service. Al Jazeera America is committed to conducting this process in a way that is consistent with its respect for colleagues.

We recognise the high quality of Al Jazeera America’s work and that its journalism was recognised with nearly every major award an American broadcast and digital news organisation can receive, including the Peabody, Emmy, and Alfred I. DuPont-Columbia University awards.

Anstey said: “I have witnessed and worked alongside some of the most talented people any organisation could wish for. Since its launch in 2013, the work done by the team at Al Jazeera America has been recognised with nearly every major award an American news organisation can receive. I greatly respect the unrivalled commitment and excellent work of our team, which has created great journalism. We have increasingly set ourselves apart from all the rest, and the achievements of the past two-and-a-half years should be a source of immense pride for everyone.”

CNN reports that the drop in the price of a barrel of oil is connected to why AJAM is closing (Al Jazeera Media Group is owned by the Qatari government).

[image via screengrab]

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Josh Feldman is a Senior Editor at Mediaite. Email him here: josh@mediaite.com Follow him on Twitter: @feldmaniac