Al Gore cashes in on Current TV
Why timing of sale is significant
- Duration 7:04
- Date Jan 3, 2013
Why timing of sale is significant
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I braced himself plus Al Gore's failed cable venture current TV has just defied gravity.
It's been -- -- under Al-Jazeera for a reported 500 million dollars and his take could be up 200.
Million dollars of that the New York Times is reporting that -- -- partner of course wanted to -- done.
-- our President Obama increase taxes on the rich -- wanna wait just a couple of months ago mr.
gore said that.
The single most popular proposal -- we had.
Was to reduce taxes on working people and lift the higher rate.
Let's give an incentive to work and let's ask the the most fortunate and it into our society include me and you to to to do our fair share.
And we ought to do that again.
In a statement going current co-founder jolt -- say they're network shares the same goals with Al-Jazeera.
And they are proud and pleased about the purchase if you can't expect them to say anything else and -- you would expect them to do what humans would do which is to try to.
Get -- -- deal done before the taxes went up right they're not anything hypocritical here.
-- Sure -- have -- and Al Gore you love or hate and the guys put together quite a portfolio he's gone well at -- bit.
The green energy companies he's invested -- he's done well with this.
I did what what we're trying to point out here as he tried to get that sailed under the group's current TV try to get -- on.
Before the end of the year so that they could be subject to lower capital gains taxes lower tax rates etc.
Would that be hypocritical maybe maybe not I think the real important point here is current TV -- About a million dollars into this network that oh million dollars at Time Warner Cable which is -- which provides the service was actually going to -- it was looking for a way to get out of providing current TV because they had such low ratings and how is it that a vanity networks sprint and sells for 500.
That's hides a lot of massages.
But -- -- Al-Jazeera -- -- mine they're stupid.
He hears is of interest in story I think we did this last year.
There were caught there -- these coffee beans or being digested by elephants -- -- -- of them.
Of these digested coffee beans were being sold for 11100 dollars but he -- -- the current TV deal now shatters the record as the most.
Expensive piece of crap ever.
That we blew that whole thing just now I'm I'm sorry I want I'll -- yeah.
You fight -- got through without so Al Gore is going to serve on the board as Al-Jazeera makes this -- they edit now Bob they're gonna have -- -- it possibly up to forty.
Million households that would be able -- the Al-Jazeera which has been considered called.
Anti American anti Israeli and and -- and pro Islamic -- some cases they get some praise for their foreign policy coverage but what do you think of it well.
First of all you do what they paid for here was the carriage and another was they paid -- that forty million or 48 who would arguably the number to be.
A single household is worth a lot of money it's got to value on the marketplace to have it -- that now.
Eric and our climate is the break you may be these cable operators not just I'm more by the -- they may decide when the contract is up with current.
Which is now owned by Al-Jazeera that they'll drop.
But I assume out here thinks they're going to be able put on a product it's going to be able to sellable.
But it's not a lot of money I mean it's a lot of money but in -- -- in the you'd think about cable television.
Just at what this network alone was worth it.
That and that's a good point if if now jerked his 500 million dollars for for current thing about this in the neighborhood if you if -- house and down the block small house sells for a lot more money than anyone in the neighborhood thought would sell for.
It raises the value of all the houses and then they would get that that puts it.
Has some ice on a place -- that -- -- the people in America.
Are they longing for another number I mean they were watching current TV.
Anyway now is with their former vice president Al Gore are they going to watch an Arab back to -- Qatar -- however you say it.
It's financed by that that government financed by oil money that's the point -- waiting to make isn't this the most important point that Al Gore has been lecturing us on green energy.
That's how he made his money that's how he became a multimillionaire.
And yet the government.
Of Qatar -- Al-Jazeera.
Qatar big oil producing company a member of OPEC that strong arms the United States all of the time when hypocrisy of the snakes you wanna puke.
Will it be as successful people go to let Hillary Clinton loves it she said once that it's successful because it's.
Quote real news and then she went on to say you may not agree with it but you feel like you're getting real news and -- -- -- million commercials and you know arguments between Talking Heads and the kind of stuff we join our news huge -- about the -- -- the -- -- they should call though.
-- -- That's been very yeah.
You know one thing about this but the -- this in -- most networks including our own to not spend that much time covering foreign policy stuff.
There aren't as its constituency out there from foreign policy in May be that they're caring for news may be something this sale of a BBC.
Well the BBC talking we -- good news.
No there yeah -- -- a five million how I felt that I feel I deserve it forty million households at the figured that they wanted.
Today one of the two named Al-Jazeera network's coverage of foreign policy which may or may not but anyway when an anti wet but -- outlook yesterday.
I currency -- did some book that some of the code words from their press release.
They're gonna present diverse points of view -- he left wing to leftist stories that know what else is telling.
Every story off the media matters press release obviously the facts and truth that lead to better understanding of the world around us please America bow more.
That -- it'll actually Al-Jazeera is not the only government that is trying to get access to an American market the Chinese.
Financed -- -- combination -- actually has the biggest billboard in Times Square and they're trying to make a move.
An American Hester has done some of this to the State Department remember they created -- her up.
In response to Al-Jazeera and they just out as they cannot get a foothold -- I think that's because it doesn't.
-- into the biases about being against America and against Israel.
You remember The Washington Times with a -- I -- -- was -- but that was good conservative -- in Washington was owned by.
Reverend sun men moved who -- -- I think every country wants to get a piece this market morneau you know let you know.
You know what you get for a hundred million dollar so -- get a mini fridge.
A camera and an old pair of -- means depends.
Other thing that they if you look at the people that Al Gore had assembled until I -- -- I don't have very good manager and -- you didn't hire great you know he's that he's obviously it regularly played I didn't get our home our men and Time Warner -- I'm clearly puts it in -- company I'm trying to elevate.
-- Shannon tried but you've failed.
Me you know once I got you know you've brought -- so -- was tough to get it up a bit that's right of -- -- -- technical facts about it's.