Al Jazeera buying 6 ART channels?


Emirates Business is reporting that Al Jazeera Sport has spent $2.75bn to acquire 6 sports channels from Arab Radio & Television. The contract kicks in on Dec 1.

ART's sport channels, which specialise in broadcasting the Saudi Arabian soccer league, will remain under the ownership of ART, according to local reports. Rapid TV News is obtaining clarification on the precise meaning of this report.

Also, the exclusive broadcasting rights to tournaments owned by ART sport channels will begin to be transferred to Al Jazeera Sport starting with the FIFA Club World Cub that will be held in December in Abu Dhabi.