PAPER: GORE SET TO CLOSE DEAL ON CABLE TV CHANNEL
What paper, EZ Wider or Zig-Zag?
The NEW YORK OBSERVER will report on Wednesday that former Vice President Al Gore will close the deal to buy his own cable TV channel this week!
After all he took the initiative in creating the Internet cable TV!
Mr. Gore and the man with the money his business partner, entreprenuer and Democratic fundraiser Joel Hyatt, (suprise) will acquire Newsworld International for around $70 million from Vivendi. The Observer will also report that Mr. Gore approached French-owned Vivendi through French President Jacques Chirac in 2003, hoping to get a better deal from Vivendi CEO Jean-Rene Fourtou. That resulted in a meeting with Universal Television executives and the COO of Vivendi in the summer of 2003.
I will resist the John Kerry jokes. For now...
How much $ did Gore put up, or was it all Hyatt? Inquiring minds want to know!
| Joel Hyatt was the Democratic nominee for senator from Ohio in 1994; got thumped by Mike DeWine. |
From newspaper copy, obtained by DRUDGE:
"Mr. Gore’s group plans to transform the sleepy foreign-news outlet into a youth-oriented public-affairs channel, a jump-cut news network for the iPod set. Despite vociferous claims that the network isn’t’ attempting to be the liberal antidote to Rupert Murdoch’s Fox News, it’s difficult to ignore the obvious: It may be fair, it may be balanced, but it’s going to be owned by an token minority position by Al Gore."
File this one as well under Bad Ideas.
Impacting... |