Al Jazeera Purchases Al Gore's Current TV

[Gaspar]

What could possibly go wrong?

http://mediadecoder.blogs.nytimes.com/2013/01/02/al-jazeera-said-to-be-acquiring-current-tv/?smid=tw-share


OOps.  I just realized this was already posted elsewhere.

[sgrizzle]

This could go horribly wrong. One of them is a radical propaganda machine and the other is a.. no, wait.

[Gaspar]

This could go horribly wrong. One of them is a radical propaganda machine and the other is a.. no, wait.

Good news for Keith Olbermann, he gets his show back!  I will still be called "Countdown" but they've added "Live! From The Great Satan."

[Conan71]

$500 million??? Could the FCC license and any studio equipment be worth that much?

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.

But why would liberal Al want to save on taxes?  That's unpatriotic!

[swake]

$500 million??? Could the FCC license and any studio equipment be worth that much?

But why would liberal Al want to save on taxes?  That's unpatriotic!

It's for the carriage. The number of homes that current is in.

[Townsend]

It's for the carriage. The number of homes that current is in.

That number is decreasing due to some cable providers dropping the channel.  Murica.