Wednesday, January 02, 2013

Ughhhhh...Whaaaa...

Al Gore sells Current TV to Al Jazeera.  From the NY Times:

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.
I guess I can't begrudge Gore for wanting to sell in order to avoid paying more taxes, but then again, isn't it the Democratic Party who wants to raise taxes on precisely this level of doing business? And how is this not totally creepy -- an environmentalist news channel being sold to an Arab propaganda network? I mean, come on... ...and who the hell would pay $500 mil for Current TV? Does it have ANY viewers?

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