One of the World’s Richest Launching Venture To Rival Al Jazeera

Alexander Machkevitch, a Kazakh-Israeli mining mogul, says he and unnamed partners are in the early stages of developing the venture. Machkevitch is pitching the idea at an annual meeting of Jewish leaders in Washington Wednesday.

He told The Associated Press that he had not yet decided what the for-profit venture would be called or where it would be based. However he ruled out Kazakhstan.