💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

US-funded broadcaster Al Hurra lays off 160 staff, merges Iraq channel

Published 09/03/2024, 01:13 PM
Updated 09/03/2024, 01:15 PM

By Timour Azhari

BAGHDAD (Reuters) - The parent company of U.S. government-funded Arabic language broadcaster Al Hurra has cut 160 jobs and is merging its Iraq channel after a 20% budget cut mandated by the U.S. Congress, its CEO said in a note to staff.

"Today is a sad day. We’ve said goodbye today to 160 of our colleagues. We’ve reduced our workforce by 21%," MBN Acting President and CEO Dr. Jeffrey Gedmin said in a note to staff on Monday.

"The moves we are making are obligatory. Congressionally mandated budget cuts have forced us to reduce company costs by nearly $20 million," he said.

MBN comprises two satellite TV channels - Al Hurra and Al Hurra Iraq - as well as two radio stations and several websites.

Headquartered in the U.S. state of Virginia, Al Hurra began broadcasting in February 2004 as part of a U.S. effort to connect with audiences in the Middle East amid rising anti-American sentiment following the 2003 U.S. invasion of Iraq.

It aims to "accurately represent America, Americans, and American policies," and engage in independent journalism, according to the MBN website.

MBN said it was merging Al Hurra Iraq with Al Hurra TV "to provide viewers with the best of both networks" and said "Iraq remains a priority — a vital part of the MBN region and ecosystem."

A company spokesperson said 30 of the staff laid off were in Iraq and 130 were in other parts of the region and the U.S.

MBN said it was moving away from a costly brick-and-mortar presence and would instead prioritise multimedia journalism by employees while exploring new technologies, such as artificial intelligence.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.