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Tue Jan 29, 2013, 11:49 AM

Gore Says Tough U.S. Network Competition Forced Sale of Current TV [View all]

Source: Reuters

Gore says tough U.S. network competition forced sale of Current TV

WASHINGTON | Tue Jan 29, 2013 10:09am EST

By Susan Heavey

WASHINGTON (Reuters) - Al Gore said on Tuesday that tough competition from major U.S. television networks forced him to sell Current TV, a struggling progressive cable channel, to Al Jazeera, and he praised the Arabic news broadcaster's coverage of climate change.

Gore, a former vice president who won a Nobel Peace Prize for raising awareness about the problems with climate change, said on NBC's "Today" show that he was proud of the channel and had never thought of it as simply a monetary investment.

"As an independent network ... we found it difficult to compete in this age of conglomerates," he said.

Earlier this month, Qatar-based Al Jazeera announced it was buying Current TV, a move that could enable it to better compete with American news networks like CNN, MSNBC and Fox.

Read more: http://www.reuters.com/article/idUSBRE90S0N920130129

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