Wow! Just wow! I couldn't have made this one up.
Former Vice President Al Gore has unloaded his Current television network to the America-hating al-Jazeera network, and will remain with the network as an adviser.
Al Jazeera on Wednesday announced a deal to take over Current TV, the low-rated cable channel that was founded by Al Gore, a former vice president, and his business partners seven years ago. Al Jazeera plans to shut Current and start an English-language channel, which will be available in more than 40 million homes, with newscasts emanating from both New York and Doha, Qatar.
For Al Jazeera, which is financed by the government of Qatar, the acquisition is a coming of age moment. A decade ago, Al Jazeeraís flagship Arabic-language channel was reviled by American politicians for showing videotapes from Al Qaeda members and sympathizers. Now the news operation is buying an American channel, having convinced Mr. Gore and the other owners of Current that it has the journalistic muscle and the money to compete head-to-head with CNN and other news channels in the United States.
The purchase price is around $500 million, which means that Al Gore puts around $100 million in his own pocket from a foreign government. This also explains why he has been pushing cable networks to add the Qatari-government owned network on the air -- he was trying to increase his own personal profit.
The timing of the deal is interesting as well -- apparently Gore and his partners pushed to get the deal done before the end of 2012. Why, you may ask? To avoid Obama's new taxes on the wealthiest Americans! So much for these rich liberals "paying their fair share". Don't expect to hear the Obama Administration attack Gore's patriotism for this, despite its attacks on the patriotism of the wealthy for the last several months.