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Israeli billionaire plans Al-Jazeera rival

April 7, 2011

Israeli businessman Alexander Machkevitch, reputed to be one of the world’s richest men, has revealed he is planning to launch an international TV network to rival Al-Jazeera.

He said that he and a group of unnamed partners are in the early stages of developing the not-for-profit venture. It had no name, nor any agreed location. Machkevitch said the network’s editorial direction would be independent of any government or special interest.

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