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Al Makes Out

As you may have heard, Current TV — you remember Current TV, right? — was just bought out by Al-Jazeera. That’s of moderate interest. Al-Jazeera is better than their reputation: they are one of the few keeping up with the scary developments in the Middle East. And, really, even in their early days, they were probably less anti-American than damned Current TV.

What I found interesting was this little tidbit:

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. But the deal was not signed until Wednesday.

Are you surprised that the man who has made so much money off the absurdity known as “carbon credits” cashed in on selling out his network and tried to avoid higher taxes in doing so? You are? Do you know that a prime piece of New York real estate spanning the Hudson River could be yours for the low low price of $1 million?

Right now, half the liberal blogosphere is donning sackcloth and ashes because Obama “sold them out” by raising taxes only on those making $400,000 per year, rather than $250,000. Their assumption, however, is bullshit. They assume this happened because Obama is weak. He might be, but they’re ignoring that the tax changes had to go through a Congress full of Democrats. And, as Al Gore’s actions demonstrated, they don’t want to pay high taxes either.

8 comments

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  1. InsipiD says:

    Al-Jazeera is better than their reputation: they are one of the few keeping up with the scary developments in the Middle East.

    Wow. Been dying those roots lately?

    Al just made more off of something that never really was than Mitt Romney’s retirement account. How will that be spun?

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  2. Hal_10000 says:

    Wow. Been dying those roots lately?

    AJE’s coverage of the Arab Spring blew anyone else’s out of the water. They were well on top of events and identified the post-fall players early. It wasn’t AJE that was tripping along, pretending this was all going to end in sweetness and light.

    Al just made more off of something that never really was than Mitt Romney’s retirement account. How will that be spun?

    I’m sure they’ll just ignore it, just as they’ve ignored the serious bank — millions and millions — he’s made off of carbon credits.

    What’s funny is that AJ is mainly buying access. Their plan is to completely dump Current

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  3. Section8 says:

    What’s funny is that AJ is mainly buying access. Their plan is to completely dump Current

    This should be interesting to see how it plays out. Personally I wouldn’t mind having a station focused on international events as long as it’s not too slanted in any particular direction.

    I read an article on this earlier today about how they may have paid 500 mil for nothing. Time Warner has already dropped the station right after the close (which your linked article also mentions), and this station is currently not bundled into other stations that are more popular and could be used as weight in negotiations when contracts expire with other carriers. Viacom, for example, can pressure these carriers to include stations it owns that no one watches (which is why there are tons of shit stations to sift through) in part of negotiations to broadcast popular stations it owns like Comedy Central or MTV. Al-Jazeera will have no such bargaining power.

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  4. InsipiD says:

    What’s funny is that AJ is mainly buying access. Their plan is to completely dump Current

    What will all the interns do? Is it a resume plus or minus when you were the program director for a whole network when you’re a college intern?

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  5. HARLEY says:

    I find it amusing that the man who was harping about how bad the oil industry was, sells his channel to a group FUNDED by oil money.
    If anything Al will have more time to hunt for manbearpig.

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  6. Hal_10000 says:

    I find it amusing that the man who was harping about how bad the oil industry was, sells his channel to a group FUNDED by oil money.

    OMG! I never thought about that! Harley, do you have a twitter account now? Tweet that comment to me so I can RT.

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  7. Argive says:

    AJE’s coverage of the Arab Spring blew anyone else’s out of the water. They were well on top of events and identified the post-fall players early. It wasn’t AJE that was tripping along, pretending this was all going to end in sweetness and light.

    A buddy of mine is an active duty Army officer. He was deployed in Afghanistan during the Arab Spring and the only news channel he and his men paid attention to was AJE.

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  8. HARLEY says:

    Al Gored Current deal ,makes him wealthier than Romney………..out rage in ..3…2…1……..//??

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