Turkey approves sale of TV station to Al-Jazeera
The state-run Anatolia news agency says a Turkish government agency has approved the sale of the TV channel it administers to Al-Jazeera. The Qatar-based news network last week offered $40.5 million to acquire Cine5 TV channel in an auction. Al-Jazeera plans to launch a news channel in Turkey.
Cine5 has been administered by a government-run fund since its owner's business ran into trouble. Anatolia says the fund approved the sale on Thursday. Al-Jazeera had initially offered $21 million, but that bid was below Turkey's minimum asking price of $40 million. (AP)
