Wednesday, January 2, 2013

AL GORE'S CURRENT TV IS NO MORE: Assets sold -- and Gore to serve as adviser -- to... wait for it... Al Jazeera

The New York Times' Brian Stelter reports that Al Gore's Current network was just acquired by Al Jazeera and will dissolve as an independent entity. And Gore will serve as an adviser to Al Jazeera. - Doug Ross













Alternate Headline for Current TV Deal - The Other McCain

The top of Memeorandum is cluttered with news that Al Gore’s Current TV was sold to Al-Jazeera, but Allahpundit nails the real story:
Al Gore opposed to paying his ‘fair share’
Liberal hypocrisy, thy name is Al:
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 . . .
Unfortunately for Gore, they couldn’t manage to close the deal until yesterday, so he got screwed out of a few million bucks....