Bill O'Reilly targets Al Gore for selling Current TV to Al-Jazeera
The conservative TV host questions the sale of Gore's cable news network to the pan-Arab broadcaster.
Conservative television host Bill O'Reilly is condemning former U.S. Vice President Al Gore as a "hypocrite," citing a report that Gore wanted to sell Current TV, the cable network Gore helped establish, to Al-Jazeera before higher taxes kicked in on Jan. 1.
O'Reilly, whose top-rated "O'Reilly Factor" airs on Fox News, cited a story in the New York Times that said Gore and his partners were eager to complete the deal before year-end because of the higher tax rate.
That comes just two months after Gore told Reuters he felt citizens should "do their fair share," O'Reilly noted. "I guess that means selling assets at the lower capital gains rate?" he added.
But O'Reilly's not the only one taking aim at Gore for selling to Al-Jazeera, the pan-Arab broadcaster backed by the oil-rich country of Qatar -- which O'Reilly described as an "anti-American network."
Gore, who shared the 2007 Nobel Peace Prize for his fight against climate change, stands to gross about $70 million from the sale, according to Bloomberg. Gore reportedly has a 20% stake in Current TV.
“It’s reeking with irony,” Jeff Sonnenfeld, senior associate dean at the Yale School of Management, tells Bloomberg. “It seems to be at least a paradox in terms of his positions on sustainability and geopolitics.”
The estimated profit is a huge jump from the maximum net worth of $1.7 million reported by Gore when he ran for president in 1999, the article points out.
Al-Jazeera, whose English-language version has struggled to gain a foothold in the U.S., might face an uphill battle to see a turnaround with American audiences.
Immediately after the purchase, Time Warner Cable shut down Current TV's programming, cutting off access to 12 million homes.
But Time Warner appeared to reconsider on Thursday, noting that it would keep "an open mind" as the network develops. Al-Jazeera, which is reportedly paying $500 million for the network, plans to shut down Current's programming and start a new English-language channel via Current's distribution.
More on Money Now
You people are funny, some are...
I'm surprised someone hasn't targeted O'Reilly, for all the crap he spews....
Also pretty sure some of you have never watched Al-Jazeera or ANY other Foreign Newcasts...
Just from the HATE talk....Too bad, you are probably very ill-informed or mis-informed about many things in the World.
Al-Jazeera, is a much more "Fair and Balanced" Informational Center, then many of you watch...?
Strangely, many of the Foreign newcasts, tell a lot more about "certain issues" in the U.S. then what our "Mainstream Media" does...
You can usually tell anything slanted right away and then just change stations....But we have a ton of our own broadcast that are slanted..Change stations....IT's JUST that EASY.
Gore is a disgrace He tries to tell the American people how to live then He and the other DemocRATS do what they want and what is sad is the DemocRAT people do what the DemocRAT party tells them so I hope all you DemocRATS wake up and see they just use you for their own good not the good of AMERICA
God forbid that the U.S. should be exposed to differing views (how many of you Outrage Citizens have used the term "mainstream media" ? Well, here's an alternative for you!). It might mean that we have to actually try to learn a few things, rather than parroting Rush or Keith. But that takes work -- so much easier to simply bellyache.
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
Trending NOW
- 1.mnkd
- 2.oneok online
- 3.adbe
- 4.tsla
- 5.aeropostale
- 6.nok
- 7.gld
- 8.hlebroking
- 9.vix
- 10.nflx
About moneyNOW
MoneyNOW brings users smart, original and entertaining takes on the latest business and investing topics that are buzzing on the Web.
RECENT POSTS
Economists find that as women grow more self-reliant, marriages become more about wanting commitment than needing it.
- Obamaphone program: Dialing for fraud?
- Lone Signal lets you tweet aliens for a fee
- Russell Brand swings at 'Morning Joe' -- and scores
- 7-Eleven targeted in human smuggling raid
- Why 'Dumb Ways to Die' became a viral hit
- Red Robin ad doesn't go down well with vegetarians
- Pity the millionaire: Mansions in short supply
- Bloomberg's new crusade: Food scraps
- China eyes stockings that shoo away perverts
MARKET UPDATE
[BRIEFING.COM] The major averages ended higher across the board as the S&P 500 advanced 0.8%.
Equities climbed steadily since the opening bell as investors prepared for tomorrow's policy decision from the Federal Reserve. Although chatter in recent weeks has included speculation the Fed would look to taper its asset purchases, today's broad gains suggest investors expect mostly reassuring words from Chairman Bernanke at tomorrow's press conference.
All ten sectors ended with ... More
More Market News
TOP STOCKS
Here's a list of ways to profit from the potential move from defensive to cyclical stocks.
MSN MONEY'S
- Shared
- Commented
- Viewed



