Former Vice President and global warming crusader Al Gore stands to make close to $50 million when the TV channel he co-founded goes public with an Initial Public Offering.
But it currently is available in only about 19 million U.S. homes, and has lost $31.5 million over the last three years, Ron Grover discloses in BusinessWeek.
“Something about this deal just doesn’t sit right with me,” Grover observes.
“What really sticks out to me,” Grover writes, is that Gore and Hyatt, “who jumpstarted the company with a broken-down Newsworld International channel they bought for $70.9 million, will have the kind of hammer-lock control over the company decried by shareholder rights activists and many of the same unions that supported Gore for years.”
- NewsMax (no link provided, will continue to look for one)
Of course. The classic Gore double standard. One set of rules for himself, and a completely different set of rules for everyone else.
1 comment:
Of course, Gore's people asked us to carry their worthless channel, and we said only when the ice caps melt from global warming.
It may take awhile....
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