60 Minutes has been looking into Al Hurra in a project with ProPublica, a new, non-profit news organization dedicated to investigative journalism. With so much at stake at Al Hurra, we were surprised to find what it’s putting on the air. Some of it has supported terrorism and denied the Holocaust; insiders say Al Hurra has been undermined by loose financial and editorial controls, while its executives try to manage 24-hour news in a language most of them don’t understand.

As correspondent Scott Pelley reports, Al Hurra’s symbol is a herd of unbridled horses, and for American taxpayers it’s been a wild ride.