The deal comes several months after Messrs. Gore and Hyatt, the two largest owners of Current TV, put the channel on the market.
Mr. Hyatt said they agreed to sell to al-Jazeera in part because "al-Jazeera was founded with the same goals we had for Current," including "to give voice to those whose voices are not typically heard" and "to speak truth to power." Other suitors who didn't share Current's ideology were rebuffed. Glenn Beck's The Blaze approached Current about buying the channel last year, but was told that "the legacy of who the network goes to is important to us and we are sensitive to networks not aligned with our point of view," according to a person familiar with the negotiations.
But wait. That's not all:
A source close to negotiations also told The New York Times that the deal was probably worth around $500 million, meaning a $100 million pay-day for Gore, who was reportedly eager to complete the deal by Dec. 31 in order to avoid higher tax rates that took effect on Jan. 1.
Kevin Williamson at National Review notes:
But with the Qatari royals investing in Al Gore’s network and the rulers of the United Arab Emirates backing Matt Damon’s anti-gas hysteria, it appears that Middle Eastern petro-potentates find some real value in left-leaning American media, especially that of a greenish hue. Fancy that.
Even for Al Gore, the hypocrisy is a sight to see.