NYT: Gore pushed to sell Current TV before December 31 to avoid tax hikes
posted at 9:46 am on January 3, 2013 by Allahpundit
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.