So smoothly does the transition of a liberal propaganda cable news network that no one watched proceed to an Islamist propaganda cable news network that no one watches.
Al Jazeera is finalizing a deal to take over Current TV, the low-rated cable channel that was founded by Al Gore and his business partners seven years ago.
If the deal is completed, Current will provide the pan-Arab news giant with something it has sought for years: a pathway into American living rooms.
Current is available in about 60 million of the 100 million homes in the United States with cable or satellite service.
The plan will bring Al Jazeera, which is financed by the government of Qatar, into closer competition with CNN and other news channels in the United States.
GORE RAMMED THROUGH CURRENT TV DEAL TO AVOID TAX HIKES
Gore, an ardent proponent of raising taxes, just sold Current TV to Al Jazeera – a fitting end for a network that features terrorist-friendly programming.
Gore was in a rush to finish the deal, which netted him $100 million as owner of 20 percent of Current TV.
Why the rush?
Because Gore and his partners wanted to avoid the higher tax rates that kicked in on January 1, 2013.
That puts Gore in a category with Warren Buffett as a tax increase advocate who does his best to avoid taxes.
Al Jazeera Seeks a U.S. Voice Where Gore Failed
9:16 p.m. | Updated Al Jazeera, the pan-Arab news giant, has long tried to convince Americans that it is a legitimate news organization, not a parrot of Middle Eastern propaganda or something more sinister.
It just bought itself 40 million more chances to make its case.
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.
Al Jazeera, which has bureaus in New York, Washington, Los Angeles, Miami and Chicago, intends to open several more in other American cities.
“There’s a major hole right now that Al Jazeera can fill. And that is providing an alternative viewpoint to domestic news, which is very parochial,” said Cathy Rasenberger, a cable consultant who has worked with Al Jazeera on distribution issues in the past. However, she warned, “there is a limited amount of interest in international news in the United States.”
Al-GoreZEERA? Al-Qaeda’s favorite network, Al-Jazeera, buys Al-Gore’s Current TV for $400 million
The Wall Street Journal reported Wednesday that Glenn Beck’s the Blaze inquired about buying Current last year, but was rejected due to ideological differences.
Current leadership told the Blaze at the time that ”the legacy of who the network goes to is important to us.” Beck confirmed the inquiry late Wednesday.
AL GORE’S CURRENT TV REBUFFS ADVANCES BY THE BLAZE, AGREES TO SELL CHANNEL TO AL JAZEERA