HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Glenn Beck Tried to Buy C...
Introducing Discussionist: A new forum by the creators of DU

Thu Jan 3, 2013, 01:03 AM

Glenn Beck Tried to Buy Current TV But Was Rejected

Every once in a while a tweet appears that's so silly, it must be a joke. Like this one from Glenn Beck: "Before Al-Jazeera bought Current TV, TheBlaze looked into buying it but we were rejected by progressive owners." Guess what? He's totally serious. The Wall Street Journal caught the detail in its coverage: "Glenn Beck's The Blaze approached Current about buying the channel last year, but was told that 'the legacy of who the network goes to is important to us and we are sensitive to networks not aligned with our point of view,' according to a person familiar with the negotiations."

http://news.yahoo.com/glenn-beck-tried-buy-current-tv-rejected-032853589--finance.html

14 replies, 2422 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 14 replies Author Time Post
Reply Glenn Beck Tried to Buy Current TV But Was Rejected (Original post)
cynatnite Jan 2013 OP
Marie Marie Jan 2013 #1
think Jan 2013 #3
Ikonoklast Jan 2013 #2
patrice Jan 2013 #4
Jenoch Jan 2013 #5
grahamhgreen Jan 2013 #6
JaneyVee Jan 2013 #7
JDPriestly Jan 2013 #11
Jenoch Jan 2013 #14
Cha Jan 2013 #8
snot Jan 2013 #9
Initech Jan 2013 #10
Amonester Jan 2013 #12
Amonester Jan 2013 #13

Response to cynatnite (Original post)

Thu Jan 3, 2013, 01:08 AM

1. Wow, imagine that. Principles over profit.

Love it!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Marie Marie (Reply #1)

Thu Jan 3, 2013, 01:20 AM

3. Would be hard to show your face in public

if you sold out to the likes of Glen Beck

Beck: This president has exposed himself as a guy, over and over and over again, who has a deep-seated hatred for white people, or the white culture, I don't know what it is.

http://videocafe.crooksandliars.com/cspanjunkie/barack-obama-has-deep-seated-hatred-wh

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cynatnite (Original post)

Thu Jan 3, 2013, 01:17 AM

2. I would have sold it to that idiot.

Beck is turning into a reverse Midas, I hope he has enough money left from scamming all the sheep, he's going to need it.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cynatnite (Original post)

Thu Jan 3, 2013, 01:22 AM

4. Yay!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cynatnite (Original post)

Thu Jan 3, 2013, 01:40 AM

5. I might get flamed for this,

but I would rather see ANY American owned company own Current TV rather than a foreign owned company.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jenoch (Reply #5)

Thu Jan 3, 2013, 01:51 AM

6. How bout DU buys it?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jenoch (Reply #5)

Thu Jan 3, 2013, 01:51 AM

7. I'd rather a media stationed owned by truth-tellers like AlJazeera than rightwing propagandists.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Jenoch (Reply #5)

Thu Jan 3, 2013, 04:04 AM

11. Are you OK with the network that broadcasts the BBC material?

How about Fox? They have a major stockholder (or at least used to) from Saudi Arabia.

Prince Alwaleed bin Talal, the second biggest shareholder in Rupert Murdoch's News Corporation, has revealed his frustration with the fallout from the News of the World phone-hacking scandal and admitted that it is harming the reputation of the company overall, not just its publishing interests.

http://www.guardian.co.uk/media/2012/may/08/murdoch-big-backer-news-corp

That article is from May 2012.

Here is the Wikipedia article on Alwaleed bin Talal.

In 1997, Time Magazine reported that Al Waleed owned about 5 percent of News Corporation. In 2010, Alwaleed's stake in News Corp. was about 7% worth $3Bn; and News Corp. had a $70 million (9%) investment in Al Waleed's Rotana Group, the Arab world's largest entertainment company. This review of his holdings also referred to the Al Waleed investment AOL as if it was perhaps in the past.

His stake in Citibank once accounted for approximately half of his wealth, prior to the financial crisis of 2007–2010. At the end of 1990, he bought 4.9 percent of Citicorp’s existing common shares for $207 million ($12.46 per share)—the most that he could without being legally obliged to declare his interest. In February 1991, he spent $590m buying new preferred shares, convertible into common shares at $16 each. This amounted to a further 10% of Citicorp and took his stake to 14.9%.

In 1999, The Economist expressed doubts about the source of income of Prince Al Waleed and whether he is a front man for other Saudi investors. Because his income in the 1990s was insufficient to cover his expenditures. "You could barely clothe a Saudi prince for such sums, let alone furnish him with a multi-billion-dollar empire. Nevertheless, by 1991 Prince Alwaleed had felt able to risk an investment of $797m in Citicorp", wrote the magazine.

Later, he also made large investments in AOL, Apple Inc., MCI Inc., Motorola, Fox News, and other technology and media companies.

http://en.wikipedia.org/wiki/Al-Waleed_bin_Talal

Reply to this post

Back to top Alert abuse Link here Permalink


Response to JDPriestly (Reply #11)

Thu Jan 3, 2013, 11:58 AM

14. I am not thrilled with foreign ownershop

of ANY U.S. media. All of the companies you listed are corporations with publicly traded stock. Unlike broadcasting stations, are no laws that says their stock cannot be foreign owned.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cynatnite (Original post)

Thu Jan 3, 2013, 01:55 AM

8. So then Al Jazeera is aligned with

Current's point of view?

Thanks cynatnite

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cynatnite (Original post)

Thu Jan 3, 2013, 01:58 AM

9. Wow. Confirmation of conservatives' strategy of buying out competing voices.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to cynatnite (Original post)

Thu Jan 3, 2013, 02:02 AM

10. An entire channel devoted to chalkboard conspiracy theorists? No thanks!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Initech (Reply #10)

Thu Jan 3, 2013, 04:08 AM

12. You mean, like FAUX SNOOZE?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Amonester (Reply #12)

Thu Jan 3, 2013, 04:10 AM

13. I mean, without the chalkboard.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread