Green Room

NYT: Gore pushed to sell Current TV before December 31 to avoid tax hikes

posted at 9:46 am on January 3, 2013 by

Alternate headline: “Al Gore opposed to paying his ‘fair share.’”

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.

Glenn Beck reportedly tried to buy the network last year was told that they wouldn’t sell to someone who wasn’t “aligned with our point of view.” So, naturally: Al Jazeera.

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What exactly makes Current TV worth $500 million? Simply being broadcast in 40 million homes? What difference does that make if no one watches it?

Rocks on January 3, 2013 at 10:03 AM

I’m shocked, SHOCKED!

Washington Nearsider on January 3, 2013 at 10:04 AM

I am assume that the funding for Al Jazeera is from filthy oil and gas money., no?

juliesa on January 3, 2013 at 10:15 AM

Alternate headline: “Al Gore opposed to paying his ‘fair share.’”

Mr. Gore and his partners were eager to complete the deal by Dec. 31,

Expect the BSM to be All over this story with its rank hypocrisy from one it’s own.

Right after the reports detailing the latest proof of Globul Warming…

Glenn Beck reportedly tried to buy the network last year was told that they wouldn’t sell to someone who wasn’t “aligned with our point of view.” So, naturally: Al Jazeera.

Wow! It gets even better..

Galt2009 on January 3, 2013 at 10:15 AM

Plus Al Gore now has more time and capital to peddle his green energy and carbon exchange pump and dump schemes. The system works.

JeremiahJohnson on January 3, 2013 at 10:30 AM

Al Gore, tax dodger. An inconvenient truth.

tommy71 on January 3, 2013 at 10:31 AM

From one Al to another.

Shy Guy on January 3, 2013 at 10:31 AM

Another fracking lefty hypocrite. Surprise!

galtani on January 3, 2013 at 10:38 AM

Seriously, WTF is wrong with the left that they constantly align themselves with the people who want to kill us?

Blake on January 3, 2013 at 10:47 AM

Heh, I just read that Time Warner cable is dropping Current. The Huffers are having conniptions.

juliesa on January 3, 2013 at 10:54 AM

Seriously, WTF is wrong with the left that they constantly align themselves with the people who want to kill us?

Blake on January 3, 2013 at 10:47 AM

I think you stumbled into an inconvenient truth there – to coin a phrase.

The Oppressive-Left does that because that’s what they would like to do.

Galt2009 on January 3, 2013 at 10:54 AM

Seriously, WTF is wrong with the left that they constantly align themselves with the people who want to kill us?

Blake on January 3, 2013 at 10:47 AM

Ask Bill Ayers. He planned to kill 25 million Americans, then catapulted Obama onto the national stage.

That’s a brazen accusation, so I’ll make sure I’m clear.

Bill Ayers made plans to kill 25 million Americans in order to implement his vision of America.

Washington Nearsider on January 3, 2013 at 11:19 AM

Word is that’s why George Lucas sold the Star Wars franchise to Disney.

CurtZHP on January 3, 2013 at 11:20 AM

Why do I think that our trolls will stay clear of this thread?

Valkyriepundit on January 3, 2013 at 11:21 AM

I am assume that the funding for Al Jazeera is from filthy oil and gas money., no?

juliesa on January 3, 2013 at 10:15 AM

Just going back to his roots: Review the relationship between Sen. Albert Gore, Sr. and Armand Hammer of Occidental Petroleum. Al, Jr. is the POS daddy taught him to be.

M240H on January 3, 2013 at 11:42 AM

Al Gore, tax dodger. An inconvenient truth.

tommy71 on January 3, 2013 at 10:31 AM

Alas for Al, he screwed that up and will have to pay the higher tax anyway, since the deal wasn’t signed until Wednesday. Or did they find some clever way to pay him before the transaction officially occurred?

They are socialists after all and can make up whatever law suits them or ignore the inconvenient ones.

dogsoldier on January 3, 2013 at 1:08 PM

Heh. My uber-liberal family members scrambled to shift a deceased family members’ assets before January 1 specifically citing the anticipated higher taxes. I didn’t say anything since it involved a death in the family but I was chuckling on the inside about the demonstration of “good for thee but not for me” principle.

batter on January 3, 2013 at 1:54 PM

The irony in ManBearPig being bought out by oil sheiks is tasty.

Spliff Menendez on January 3, 2013 at 7:55 PM