Categorized | Uncategorized

Former Executive: Al Jazeera America Hemorrhaged Almost $600 Million in Last 2 Years

Posted on 24 April 2016

The New York Times reported that Anand Gupta, the former executive vice president for finance, field a lawsuit Thursday in federal court in Manhattan alleging he was denied a promised promotion and salary increase due to racial discrimination.  But the newsworthy part was his financial claims.

In the network’s first year on the air in 2013, the suit asserts, citing tax returns, it had a net operating loss of $250 million, and in 2014 it lost an additional $335 million.