Al Jazeera America Is Shutting Down

That was quick.

Al Jazeera America, which launched in 2013, is over. Staffers were informed during a meeting earlier today that the operation was shutting down. Politico reports that the cable channel will close for good April 30.

The reason for the end? The plunging price of oil. Al Jazeera America is owned by Al Jazeera Media Group, which is owned by the government of Qatar.

“I know this will be a massive disappointment for everyone here who has worked tirelessly for our long-term future,” wrote CEO Al Anstey, in a memo to staffers. “The decision that has been made is in no way because AJAM has done anything but a great job.”