Will the bubble burst on international TV satellite channels and their deep pocket financiers, as it did on the old Internet dot coms?

CAIRO - Those new monitors they're installing in Washington briefing rooms will remain dark for a little while longer: Al-Jazeera International (AJI), the English-language cousin to the Bush administration's Qatar-based nemesis, has once more delayed its launch plans.

The latest monthly television ratings in Saudi Arabia by the independent pollster IPSOS-STAT show al-Arabiya dramatically widening its lead over al-Jazeera as the number one satellite television news outlet for the Middle East.

Worldcasting has obtained exclusive comparative independent television ratings that document a steady decline in Al Jazeera's popularity among viewers in Saudi Arabia over a one-year period. That country is the most important television market in the region; 70 percent of the region's television advertising is spent there.

WASHINGTON -- Oct. 22

Thursday night was a big night for Al Jazeera, the Arabic-language television news channel in the Middle East.

The preemptive lead story was the release of the UN report on the assassination of Rafik Hariri, the former prime minister of Lebanon.

For most news organizations, it was a story worth at best three or four news reports. At Al Jazeera, editors decided this was the only story of the night.