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alp227

(31,943 posts)
Sat Jan 5, 2013, 12:19 AM Jan 2013

Al Gore stands to gain about $70 million after selling Current TV to al-Jazeera [View all]

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.”

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.

Read more: http://www.washingtonpost.com/business/economy/al-gore-stands-to-gain-about-70-million-after-selling-current-tv-to-al-jazeera/2013/01/04/4775e5d2-56a5-11e2-8b9e-dd8773594efc_story.html

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good for him, at least he is making money through informing and teaching JI7 Jan 2013 #1
Destroy Other People? Gkdemonut Jan 2013 #57
Gore was VP. He is not responsible for NAFTA. That is Clinton's cross to bear. kestrel91316 Jan 2013 #59
Gore was the one on Larry King with Ross Perot selling NAFTA, not Clinton. bubbayugga Jan 2013 #81
But you sure showed him in 2000, huh? 2ndAmForComputers Jan 2013 #72
You got any links on that? riverbendviewgal Jan 2013 #77
And this is what they call the "liberal media" LTR Jan 2013 #2
The WashPost has its rw water carriers, for sure. Cha Jan 2013 #5
Just the tone is disgusting. harmonicon Jan 2013 #60
You nailed it DeeDeeNY Jan 2013 #67
Since the person making money is somebody they don't like. 2ndAmForComputers Jan 2013 #73
Congratulations Al. Coyotl Jan 2013 #3
did his positions on sustainability and geopolitics speak against ownership transferrence? unblock Jan 2013 #4
Right. What irony? What paradox? None. It's just RW name calling. Festivito Jan 2013 #7
He may have to part with a big chunck of that money pennylane100 Jan 2013 #6
There's a countersuit to his suit, and he did violate the non-disparagement clause in his contract. MADem Jan 2013 #15
Yes, I think the trial will be interesting. pennylane100 Jan 2013 #38
I hope he puts the money to good use. Marrah_G Jan 2013 #8
Well at least he didn't sell Current to Glenn Beck. Crowman1979 Jan 2013 #9
At least he didn't make his money the way the Bush crime family did. olddad56 Jan 2013 #10
No. He just sold his network to a government that is drilling and killing. GoCubsGo Jan 2013 #61
So what? RandiFan1290 Jan 2013 #71
as badly as we need current DonCoquixote Jan 2013 #11
is there currently a shortage of cable channels? quadrature Jan 2013 #12
RW'ers ridicule Gore as being a joke for saying he "invented the Internet" and sweating global warm progree Jan 2013 #13
..and, amazingly, without uttering the word "invented" in that sentence. Festivito Jan 2013 #24
That was back when that Turd Rove was on his game! MADem Jan 2013 #40
Yup. I was thinking after posting it that maybe I ought to clarify that "invented the Internet" was progree Jan 2013 #41
That was one of THREE LIES the RW passed around about Al Gore. Festivito Jan 2013 #48
Ahh, yes. It brings back so many awful memories of the 2000 election n/t progree Jan 2013 #49
Only because the corporate media as an institution carried Republican water Uncle Joe Jan 2013 #50
And, they're still carrying Republican water along with NPR. Festivito Jan 2013 #55
Excuse me? Why are they crabbing about the guy making a payday? MADem Jan 2013 #14
Maybe because... regnaD kciN Jan 2013 #16
Well, the WAPO article didn't focus on that aspect one whit. MADem Jan 2013 #17
"The Cycle" gets on my nerves! n/t NCarolinawoman Jan 2013 #52
Me neither riverbendviewgal Jan 2013 #78
KPOJ had a local morning show instead of mama. alp227 Jan 2013 #18
Yup. graham4anything Jan 2013 #22
Trust me, conservatives are quite cheery about that part of it. djean111 Jan 2013 #29
Do we know that Gore isn't seeking a new financial architecture for those voices? patrice Jan 2013 #56
they are reporting Enrique Jan 2013 #33
“It’s reeking with irony,” sounds like OPINING to me. MADem Jan 2013 #36
Washington Post declines Romney request to retract Bain outsourcing story Enrique Jan 2013 #42
Enrique, because they got it right once with Mittsy doesn't mean this article is terribly fair or MADem Jan 2013 #44
Stephanie Miller Better Re-Surface Somewhere Else, And Soon. Paladin Jan 2013 #19
???? She's been on SiriusXM long before CurrentTV BumRushDaShow Jan 2013 #25
She is on several other radio stations, as well--that you don't have to pay to hear. GoCubsGo Jan 2013 #64
AJE is both better production-wise than Current and usually JCMach1 Jan 2013 #20
Al Jazeera's shows are well done. UnrepentantLiberal Jan 2013 #21
Exactly, Current was a good idea JCMach1 Jan 2013 #34
If an Australian backed by Saudi money can tell America the news fasttense Jan 2013 #23
The U.S. has become a pawn of Saudis vs Qataris. BumRushDaShow Jan 2013 #26
Not just a middle eastern state, but a PERSON in charge of a middle eastern state. MADem Jan 2013 #37
Good for him I guess OccupyManny Jan 2013 #27
I have no problem with Al cashing in... ensemble Jan 2013 #32
This is just part of the stupid "class warfare" meme djean111 Jan 2013 #28
There it is! You got it in a very nice series of paragraphs. MADem Jan 2013 #39
I half agree with you, but half disagree. harmonicon Jan 2013 #62
Yes - I agree - but - the system has already been bought. djean111 Jan 2013 #66
Being well rested, I've already put out a few Sunday morning rants today. harmonicon Jan 2013 #68
Democrats making money is always bad news. Warren Stupidity Jan 2013 #30
I hope he builds a wind farm with that, a big one! Firebrand Gary Jan 2013 #31
I have no problem with that (nt) Nye Bevan Jan 2013 #35
Nobody has problem Tom Jeff Jan 2013 #43
He sold it to an entity owned by the guy who rules Qatar, which is where USA has a large base. MADem Jan 2013 #45
So Tom Jeff Jan 2013 #46
Who said no "oil money" was involved? MADem Jan 2013 #47
What does it matter what GB offered? djean111 Jan 2013 #53
Beck couldn't afford it. GoCubsGo Jan 2013 #75
Huh? harmonicon Jan 2013 #63
I don't fault Al for making money but....... LiberalLovinLug Jan 2013 #51
Profit in and of itself is not a bad thing. It's how it's used that matters. patrice Jan 2013 #54
I completely disagree. harmonicon Jan 2013 #65
hopefully he will apply it to another progressive venture ZRT2209 Jan 2013 #58
Spam deleted by NRaleighLiberal (MIR Team) John_UAC Jan 2013 #69
Making as much money as possible is the America way marshall Jan 2013 #70
how the f is current work 500 mil ? half a billion for a station nobody watches???? crazyjoe Jan 2013 #74
Post removed Post removed Jan 2013 #76
starting out your first day so nicely, eh? riverbendviewgal Jan 2013 #79
I'm of 2 minds on this deal eilen Jan 2013 #80
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