Skip to comments.REPORT: Al Gore Made $100 Million In The Current TV Sale
Posted on 01/03/2013 7:30:04 AM PST by SeekAndFind
Amazing detail in Brian Stelter's reporting on the sale of Current TV to Al-Jazeera:
"Al Jazeera did not disclose the purchase price, but people with direct knowledge of the deal pegged it at around $500 million, indicating a $100 million payout for Mr. Gore, who owned 20 percent of Current. Mr. Gore and his partners were eager to complete the deal by Dec. 31, lest it be subject to higher tax rates that took effect on Jan. 1, according to several people who insisted on anonymity because they were not authorized to speak publicly. But the deal was not signed until Wednesday."
That deal was announced last night, and within minutes, Time Warner had taken Current off the air, perhaps as a ploy to negotiate much higher carriage fees from Current's new wealthy parent company.
(Excerpt) Read more at businessinsider.com ...
Gore, Obama, Goldman Sacs and Liberals are all too happy to pose for smug holy pictures while outside of the cameras they scheme to get theirs and screw everyone else to the wall.
Al Gores convenient hypocrisy Americas loudest environmentalist, Al Gore, is about to become much richer thanks to oil money
Well who’s the Greedy 1% er now?? Oh what? Only libs get to call Republicans greedy for trying to not pay higher taxes.......
The Gulf States fund a lot of the more obnoxious American Environmental organizations and I wonder if this was a pay off for his Global Warming claptrap.
They have been trying to stop more drilling in the US for many years and have been rather successful at it.
The great environmentalist is recycling those Saudi petrodollars.Great scam. The same people who hijacked the 9/11 planes, need a propaganda venue in the United States.Former Vice President uses his influence to get access for his unprofitable network on multiple cable providers and then sells out to the Saudis. Bribery in the modern era with the payout on the back end. Ever wonder who gave Gore the seed money for his “network”?
Fight cultural filth: Stop supporting cable TV with their 80 liberal channels and 400 channels of fluff.
Ask for - demand - a pay per channel system. Buy the 15 channels you actually watch and quit subsidizing Al Gore, his looney left friends and the dregs of Hollywood.
We can do better.
I suppose this means Jenny Granholm is now a free agent?
Does this mean she’ll be offered a job as host of a revived version of The Dating Game?
This should not surprise anyone. It shows how so many of the RATS are not patriots but are traitors who despise the USA.If its true that Time-Warner refuses to carry the new channel, kudos to them and to any other cable entity that refuses to carry the voice of Al_Qaeda.
I suspect that Gore has been on the Saudi payroll for a long, long time. He's been busy for years, ensuring that the US never achieves energy independence from Middle Eastern oil.
This is virtually the same deal, according to a report I read this morning, which they refused to Beck.
So all in all, this was a profound fail.
I am seriously considering dumping TV now.
Who woulda thunk? Not only is algore a rich fat anti-science moron, he is also anti-American.
Your cable dollars will be used to buy Al Gore's channel - even if you never watch it and find it offensive.
Stop supporting cable TV with their 80 liberal channels and 400 channels of fluff.
Ask for - demand - a pay per channel system. Buy the 15 channels you actually watch (or three) and quit subsidizing Al Gore, his looney left friends and the dregs of Hollywood.
We can do better.
I don’t watch TV.
I haven’t in two decades.
And the company immediately lost 20% of its value when Time Warner dumped the channel yesterday. But of course it’s muzzie money so they don’t really care. And I’m sure Obama has told his buddies at Comcast not to drop the channel.
1. He gets rich on oil money
2. He doesn’t pay a ton more taxes to fedgov because he sold just before the deadline
I wish I had the power to vaporize all these bastards with my thoughts.
I suppose this means Jenny Granholm is now a free agent?
Does this mean shell be offered a job as host of a revived version of The Dating Game?
Madam Governor showing that only in America can a ditzy blonde 19-year old achieve greatness . . . /sarc.
The net profit may be lower than $500 mm ($100 mm to Big Al) if Current has significant debt on its balance sheet. Just a comment.
Probably of more interest are 1) the implication that Al-Jizz shares the network’s goals and values, and 2) the “taxes for thee” attitude of Al in wanting to complete the sale by year-end.
I really like this idea. I’ll send a request to DirecTV.
This is what a communist social elitist does and has no problem doing it. Allways above the fray with thier money. Only the real working class gets screwed by the machine. Just like the hollywood trash.
wow such huge buffoonish hair on that idiot
Wonder if Soros provided seed money...
“Current TV’s shabby ratings are another hurdle for Al Jazeera. The network, which put itself up for sale last year, reportedly struggled to find a buyer given its low average viewership of 35,000. By comparison, Fox News drew an average of 2.1 million primetime total viewers in 2012.”
It’s a bribe from an Arab gubmint. The channel is worthless.
The channel is not worthless. Just like an airline that is going out of business can sell its’ slots at major airports as part of it’s liquidation.
Al Jazeera is not buying this channel to get the 35,000 viewers, it’s buying it to get an already signed distribution agreement with various cable companies that currently have 60,000,000 subscribers. AJ has been having trouble getting those companies to carry their channel. This is their way of greatly expanding their US coverage. Whatever viewers they get depends on whether they can provide content people want to watch.
.. According to the Fiscal Cliff deal, earnings above $400,ooo will be taxed at a rate of 39.6 percent, up from the current 35 percent. That means Al Gore saved $4.9 million by selling out early but I thought the wealthy dont need or want those tax savings, right Obama?
like the pigs in Animal Farm, liberals ascribe rules for everyone else but not for themselves.
Many of us are tired of subsidizing liberal propaganda - and worse = with our dollars. I would happily pay for FOXNews and a few other channels. And pay for the privilege of NOT be forced to pay for CNN and Current TV.
Wow! Gore may donate $100 dollars to charity this year.
New Reality Shows: “The Real Housewives of Oman” and “Here Comes Honey Jew Jew”..............
He needs the money to pay for the mausoleum that he intends to build for himself.
It won’t work. Time Warner already dropped them. The same cable companies that didn’t accept them before, won’t accept them now.
I’ll bet you’re happier for it too... I’m down to FOXNews - sometimes...
Phony huckster sex poodle.
“Ill bet youre happier for it too... Im down to FOXNews - sometimes...”
I am all of that. Noticeably lately the hysterical coverage by the MSM of the Connecticut shootings has not made it into my house and I want to keep it that way.
My cold, hard analysis of the Connecticut is as follows:
Arm the teachers after CCW training. They are to use their own guns, the ones they shoot at the range, the ones that fit their hands.
This provides an immediate response to an attempted shooting which can be measured in seconds, not 7 minutes (Sandy Hook) or hours (Columbine). And it turns the average school from a soft target into a very hard target.
Since nearly all the damage occurs within minutes in a shooting of this nature arming the teachers and administrative staff is the real answer.
Liberals don't understand we want to protect children too... The difference is liberals believe in group solutions of a grandiose global nature - ban all the guns - pass massive new laws. They see themselves in terms of 'grand'... larger than life. Elite and superior - beyond the rest of us who are mere mortals.
We - traditional Americans - live in the real world - a not so grand world - and know each school must become a difficult target for a potential killer. And that's done by creating a hard target, not by passing laws against guns. Killers have a way of not respecting laws... they don't respect laws against murder - or laws against using a gun.
We need to work on ways to divide the United States into two countries. Liberals hate us and see us as standing in the way of all their dreams - and we don't like them either. It's time to recognize irreconcilable differences and call it quits. We can protect our children our way - and they can pass 'pie in the sky' laws...