Saturday, August 16, 2014
When Al Gore and his partners sold Current TV to Al Jazeera, a portion of their sale was placed in an escrow account for certain potential debts owed prior to the sale. It seems the date where all bills were to be payed has passed and Gore and partners seek the remainder of their funds. But with Al Jazeera America, the new name for the network, not doing well in the ratings or ad dollars, those funds remain in limbo. Yet they have grown their subscriber base from by thirty percent since the sale. According to the NY Times, Al Jazeera sees growth, but is not ready to deliver the rest of the funds to Gore. I just wonder if they are still happy with the deal they made.
Posted by Andy Hunn