Al Jazeera

Al Jazeera Satellite Channel was launched on 1 November 1996 following the closure of the BBC's Arabic language television station, a joint venture with Orbit Communications Company, owned by Sa`udi King Fahd's cousin, Khalid bin Faisal Al Sa`ud. The BBC channel had closed after a year and a half when the Sa`udi government attempted to suppress a documentary on executions under sharia law.[7]
The Emir of Qatar, Sheikh Hamad bin Khalifa, provided a loan of QAR 500 million ($137 million) to sustain Al Jazeera through its first five years, as Hugh Miles detailed in his book Al Jazeera: The Inside Story of the Arab News Channel That Is Challenging the West. Shares were held by private investors as well as the Qatar government.