Al Gore Makes $100 Million Off Of Current TV Sale

Al Gore Makes $100 Million Off Of Current TV Sale
News
Like Us On Facebook
Like Us On Facebook

Brian Stelter reports on the sale of Current TV to Al-Jazeera:

“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.”

The deal was announced last night and Time Warner almost immediately took Current off the air- most likely to renegotiate carriage fees.

Paul Hudson | Elite. 

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Paul Hudson

A young writer, philosopher, and entrepreneur, Paul Hudson (@MrPaulHudson) has been writing for Elite Daily nearly since the start. Currently located in Manhattan, Paul Hudson primarily devotes his time between writing for Elite Daily and a mining startup in Turkey. He loves sharing his life experiences with his readers and makes sure to practice what he preaches.

More In News

World Gillian Fuller

It Takes 74 Gallons Of Water to Grow A Single Pound Of Avocados

This is horrible news. Avocados, everyone’s favorite fruit (and the subject of many an Instagram), are apparently ruining the environment. OK, so that’s a bit of an exaggeration, but get this: It takes a whopping 74.1 gallons of water to produce just one pound of avocados (compared to lettuce, which requires 5.5 gallons per pound). […]

World Sean Levinson

Germany Got Rid Of College Tuition And We’re All Packing Our Bags

College is officially free in Germany, as every single state in the European nation has abolished tuition fees. According to the Australian, German universities only began charging tuition fees in 2006 after a court ruled that moderate fees and loans did not violate the country’s constitutional devotion to providing higher education to its citizens. Most […]

World Sean Levinson

Uber Will Hire 50K Members Of The Military Over Next Year And A Half

Uber has announced that it will be hiring tens of thousands of drivers from the military community over the next year and a half. According to the Huffington Post, the ride service app has launched a program called UberMilitary that will hire 50,000 people who are either current service members, retired veterans or spouses of […]

Also On Elite

Dating

How Narcissism Has A Huge Effect On Your Romantic Relationships

Eleven years ago, I met this guy online and started one of my usual whirlwind relationships with him that very night. He picked me up in his car and we were instantly taken with one another. He was everything that could capture my attention: chiseled good looks, piercing blue eyes, a strawberry blonde crew-cut and […]

Strategy

Generation Money-Less: 6 Ways 20-Somethings Can Prepare For Buying A Home

Will we ever be able to buy houses? Nope! Just kidding, we can, but it won’t be easy. This one’s for everyone out there who’s living the paycheck-to-paycheck lifestyle that will eventually give us all early-onset heart disease. After the housing crash in 2008, banks stopped giving loans, everyone defaulted and a lot of the suckers who […]

Life

9 Habits Procrastinators Have That Make Them Extraordinarily Successful People

To be a productive individual is to be an efficient individual with ample drive. When it comes to work habits, one of the most common practices is procrastination. The truth is that everyone procrastinates in life, and it’s usually more regularly than anyone would like to admit. We may reason with ourselves and call procrastination […]

Sports

Actor Bryan Cranston Relives MLB’s Classic Playoff Moments In One-Man Show (Video)

When it comes to the MLB playoffs, you can’t script October, but Bryan Cranston has proven you sure can relive it. Starring in a theatre set for his one-man show, the 58-year-old actor recounted many of baseball’s greatest postseason moments, including “the shot heard ’round the world” from Kirk Gibson, “the flip” from Derek Jeter […]