Al Gore And Sale Of Current TV To Al Jazeera
Former vice president Al Gore, in March of this year sold the cable network established by him to Al Jazeera. Ultimately reached a settlement with Keith Olbermann, who filed a $70 million lawsuit against his former employer after being fired in March 2012.
Former Vice President Al Gore is chairman of Current TV, an award winning, independently owned cable and satellite television nonfiction network for young people based on viewer-created content and citizen journalism. Current TV declared its selling to Al Jazeera in Jan. Gore allegedly made $70 thousand from the deal.
Issue got too heated when Al Gore took to the stage at the SXSW Interactive festival Weekend to discuss "The Future" - that is, his new book subtitled "Six Drivers Of Global Change" as well as the NRA, the internet and global warming, natch. "All Things D", Editor Walt Mossberg took the chance to call the former VP on an inconvenient truth - not his movie, the hypocrisy of his sale of Current TV to Al Jazeera.
"You sold your network to Al Jazeera, which is owned by a government that's a big oil producer," asked Mossberg. "How could you do that?" Gore eventually responded "I don't ask you why you continue working for Rupert Murdoch." Uh-oh. Mossberg parried, "Last I checked, he's not in the oil business". Gore retorted, "He's also not strictly in the news business, either".
Now a San Francisco judge has officially dismissed another multimillion-dollar lawsuit filed against Current and Gore: A $5 thousand issue filed by TV consultant John Terenzio, who stated that Gore and his group took his idea to sell the struggling cable network to the massive Middle Eastern news corporation, who alleged being cut out of Current TV's $500 million sale to Al Jazeera.
According to openly available court papers, Judge Ernest Goldsmith ruled our that Terenzio had not alleged enough to support his causes of action, or to back up Gore's personal responsibility. The judge is giving Terenzio ten days to amend his complaint, which could shed light on new details from Al Jazeera's acquisition of Current TV.