CNN mulls full fledged Middle East operations from UAE
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 18 November 2007
As part of its efforts to more aggressively compete with upstart 24-news channels and rely less on third party information sources, CNN is planning a multimillion- dollar investment in its international news-gathering resources.
The expansion, estimated to cost US $10m, will see CNN International open permanent bases in nine new countries from Afghanistan to Vietnam and add correspondents in existing bureaux, including Beijing and London.
It also plans to open its regional headquarters in the United Arab Emirates, putting it in direct competition with Al Jazeera's English-language service, which marks its first anniversary this month, with distribution deals taking it to a potential audience of 100 million homes.
Tony Maddox, managing director of CNN International, said the moves were motivated by the Time Warner-owned broadcaster's desire to control more of its content and was not a response to new rivals. The expansion of its international business partly reflected a growing interest among US viewers in foreign news, he said.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST MEDIA & MARKETING
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST MEDIA & MARKETING
LATEST MIDDLE EAST BUSINESS NEWS
- Politics & Economics: European bank shares plunge on Dubai debt concerns
- Politics & Economics: Moody's cuts Dubai GRI ratings amid debt delay
- Politics & Economics: Job losses seen slowing in UAE - StanChart
- Transportation: Abu Dhabi transport chiefs give Eid gift to motorists
- Banking & Finance: Cost of insuring Dubai's debt rises further
SHARE PRICE CHECK
RELATED STORIES
CNN Middle East
- CNN to launch Abu Dhabi bureau
20 Sep '09 | News - Gulf viewers can watch Jackson memorial live
7 Jul '09 | News - Top earning Arabs prefer CNN to Al Jazeera
1 Jun '09 | News




