Fox News
Expand
Browse All Video
Watch Live

You're watching...

Pan-Arab news channel Al-Jazeera buys Al Gore's Current TV

Details

  • Description

    Cheryl Casone reports from Washington

  • Duration 3:01
  • Date

Clips

Also in this playlist...

Latest Entertainment

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

We'll.

Be panic Arab news channel Al-Jazeera by -- Al Gore's current TV extending its reach in the US and making the former vice president's.

Possibly a nice chunk of change and to ask about that very thing that here's Cheryl -- with the Fox Business Network thank you so much for joining us good morning -- this increase is their viewership almost nine fold it right.

About to about forty million you're enabling viewers.

And and the report Eldred Al-Jazeera did not disclose the amount -- they paid for current TV reports say it's about 500 million dollars that would give about a hundred million dollars.

To Al Gore directly -- a few things that are going to be it issued your first and foremost -- Warner cable has come out with a statement.

They're dumping houses and they don't they don't want Al-Jazeera America that's what Al-Jazeera wants to call this new cable channel regular -- from current TV -- -- -- America tell mourners set our group with cart has been terminated.

Will no longer be carrying the service are -- the service as quickly as possible.

Harsh statement coming from Time Warner Cable that's the nation's largest -- cable company now the dynamics of the deal my first question as a business person isn't going to be an FCC issue.

Regulatory issues talked to David bank -- RBC this morning he said he does not expect that to happen because this is not a broadcast license transfer.

Between the two it's just a change of programming it's a change of content but.

The cable companies that deal -- current right now could comment as Time Warner appears to have done.

And -- say I do not want to carry Al-Jazeera.

America -- -- right Alice understand that there are no rules prohibiting.

Four and ownership of the cable channel right I mean I I admit it sometimes I do watch BBC America I think we all -- attended once or twice and now.

So this may not be a government issue.

Now could somebody in Washington try to make -- a government -- certainly because there has been a lot of backlash against Al-Jazeera programming here but one of the reasons.

That they made his business decision is because Al-Jazeera English website 40% of their traffic.

It's coming from the United States you've got what nearly five million Muslims in this country right now that are living here.

They're going to be increase in their bureaus are going to be opening up another five to ten bureaus in this country hiring more journalists.

In this country and at this point Al-Jazeera says they're gonna have half of the contents of Al-Jazeera America being US based.

News so it's going to be instance Elvis plays out but the stories -- was -- bad -- -- his decision and why they did it but what about the timing.

What about was there a specific reason -- think that ended the timing of the deal went through any.

Effort to avoid all -- -- taxes absolutely I mean you wanna get this deal close by December 31 first 2012.

To avoid the higher taxes on the sale and that's exactly what they wanted to do it looks like they've made that happen because.

You don't want to pay Uncle Sam a lot of people people -- selling their second homes trying to get those deals close before December 31.

Al Gore making the same apparently making the same type -- decision with his timing.

Of selling current TV let's see what viewers have to say about it we know what Time Warner says yeah -- -- it -- there.

They're out thank you -- Sheryl we appreciated --

Load More