alp227 (18,053 posts)
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Al Gore stands to gain about $70 million after selling Current TV to al-Jazeera
Source: washington post
Al Gore, who shared the 2007 Nobel Peace Prize for his fight against global warming, may gross about $70 million from the sale of his Current TV network to al-Jazeera, the cable channel funded in part by oil-rich Qatar.
Al-Jazeera will pay about $500 million for Current TV, including the stake held by Gore, 64, according to two people with knowledge of the deal. The network is one of dozens of investments made by the former vice president since he lost the 2000 presidential race by a slim margin.
“It’s reeking with irony,†said Jeffrey Sonnenfeld, senior associate dean at the Yale School of Management, who studies corporate governance. “It seems to be at least a paradox in terms of his positions on sustainability and geopolitics.â€
The deal highlights Gore’s makeover from career politician to successful businessman. His take from the Current TV sale is many times the maximum net worth of $1.7 million he reported while running for president in 1999. Besides investing in start-ups, Gore is on the board of Apple, an adviser to Google and a partner at Kleiner Perkins Caufield & Byers, according to his Web site biography.
I know, this is going to be boring and obvious, but every nail must be hammered down in the liberal outhouse of hypocrisy: Al Gore stands to gain about $70 million after selling Current TV to al-Jazeera (Original post)
alp227 4:19 AM OP
good for him, at least he is making money through informing and teaching
JI7 4:24 AM #1
And this is what they call the "liberal media"
LTR 4:25 AM #2
The WashPost has its rw water carriers, for sure.
Cha 4:31 AM #5
Congratulations Al.
Coyotl 4:27 AM #3
did his positions on sustainability and geopolitics speak against ownership transferrence?
unblock 4:28 AM #4
Right. What irony? What paradox? None. It's just RW name calling.
Festivito 5:32 AM #7
He may have to part with a big chunck of that money
pennylane100 4:38 AM #6
There's a countersuit to his suit, and he did violate the non-disparagement clause in his contract.
MADem 8:40 AM #15
Reply Yes, I think the trial will be interesting.
pennylane100 5:01 PM #38
I hope he puts the money to good use.
Marrah_G 5:42 AM #8
Well at least he didn't sell Current to Glenn Beck.
Crowman1979 6:40 AM #9
At least he didn't make his money the way the Bush crime family did.
olddad56 6:48 AM #10
as badly as we need current
DonCoquixote 6:49 AM #11
is there currently a shortage of cable channels?
quadrature 7:06 AM #12
RW'ers ridicule Gore as being a joke for saying he "invented the Internet" and sweating global warm
progree 8:08 AM #13
..and, amazingly, without uttering the word "invented" in that sentence.
Festivito 1:08 PM #24
Reply That was back when that Turd Rove was on his game!
MADem 5:06 PM #40
Reply Yup. I was thinking after posting it that maybe I ought to clarify that "invented the Internet" was
progree 5:16 PM #41
Excuse me? Why are they crabbing about the guy making a payday?
MADem 8:27 AM #14
Maybe because...
regnaD kciN 8:47 AM #16
Well, the WAPO article didn't focus on that aspect one whit.
MADem 9:07 AM #17
KPOJ had a local morning show instead of mama.
alp227 9:31 AM #18
Yup.
graham4anything 11:07 AM #22
Trust me, conservatives are quite cheery about that part of it.
djean111 1:59 PM #29
they are reporting
Enrique 3:58 PM #33
Reply “It’s reeking with irony,†sounds like OPINING to me.
MADem 4:57 PM #36
Reply Washington Post declines Romney request to retract Bain outsourcing story
Enrique 5:21 PM #42
Stephanie Miller Better Re-Surface Somewhere Else, And Soon.
Paladin 10:43 AM #19
???? She's been on SiriusXM long before CurrentTV
BumRushDaShow 1:40 PM #25
AJE is both better production-wise than Current and usually
JCMach1 10:47 AM #20
Al Jazeera's shows are well done.
UnrepentantLiberal 11:05 AM #21
Reply Exactly, Current was a good idea
JCMach1 4:22 PM #34
If an Australian backed by Saudi money can tell America the news
fasttense 12:27 PM #23
The U.S. has become a pawn of Saudis vs Qataris.
BumRushDaShow 1:43 PM #26
Reply Not just a middle eastern state, but a PERSON in charge of a middle eastern state.
MADem 5:01 PM #37
LineReply Good for him I guess
OccupyManny 1:48 PM #27
I have no problem with Al cashing in...
ensemble 3:37 PM #32
This is just part of the stupid "class warfare" meme
djean111 1:57 PM #28
Reply There it is! You got it in a very nice series of paragraphs.
MADem 5:04 PM #39
Democrats making money is always bad news.
Warren Stupidity 2:37 PM #30
I hope he builds a wind farm with that, a big one!
Firebrand Gary 2:48 PM #31
Reply I have no problem with that (nt)
Nye Bevan 4:24 PM #35
Reply Nobody has problem
Universal - to a MAN - approval of Al Gore's windfall, even though he is said to be worth more than $300MM.
NOW THEN,
if you click on this link you will be taken to 25,000 posts on DU alone referring to Mitt Romney as a plutocrat for his interest in Bain. But Al Gore CO-FOUNDED Current TV, you say? He TOILED on it, night and day! OK...Mitt Romney co-founded Bain. And Romney is worth $250MM, using the same source as that for Gore's wealth.
To summarize: Al Gore (worth $300MM, though he was a government employee for most of his career) GOOD. Mitt Romney (who has been an entrepreneur and investor for most of his career) BAD.
