Will Qatar Close Al-Jazeera? Hopefully Not

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Will Qatar Close Al-Jazeera? Hopefully Not

© Thinkstock

Al-Jazeera claims it has the largest audience of any broadcaster in the Arab world. It also claims that the rulers of Qatar, where it is based, allow it complete editorial freedom. Since both are almost certainly correct, it would be a tragedy if Al-Jazeera were closed as part of the diplomatic battle between Qatar and its neighbors. However, such an action is not impossible.

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt have accused Qatar of having ties to terrorists. Among 13 demands given by the group , which include the shuttering of Al-Jazeera, are that it send “terrorist figures” back to their countries of origin. The Arab states would then deal with these individuals as they see fit, which probably means jailing or killing them.

Qatar has rejected the demands, and several large and influential countries have  supported those objections. However, that may not end the effort of Qatar’s neighbors to press them.

The Guardian recently pointed out that Qatar’s leader Sheikh Tamim and the ruling family may be “reluctant to continue pumping vast resources into al-Jazeera…” The broadcaster loses money, and has become a growing source of irritation with the nation’s  angry neighbors. Tamim may decide that closing al-Jazeera is a small price to pay to repair relationships which have already begun to harm Qatar financially, and will continue to do so in the future.

The threat to al-Jazeera demonstrates the problem press organizations have when they are owned by governments and not organizations or individuals. The existence of these news organizations may be determined by political whim more than their value as independent voices which report objectively on the news.

Tamim has positioned Qatar as a part of international community with ties to every Western and major Asian nation. If he takes the existence of al-Jazeera seriously, he has a chance to prove the validity of some of the values that support those ties. Or, he can show he does not take his position in the broader diplomatic world seriously

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618