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XXXXX DRUDGE REPORT XXXXX TUE MARCH 30, 2004 21:56:05 ET XXXXX PAPER: GORE SET TO CLOSE DEAL ON CABLE TV CHANNEL The NEW YORK OBSERVER will report on Wednesday that former Vice President Al Gore will close the deal to buy his own cable TV channel this week! MORE Mr. Gore and his business partner, entreprenuer and Democratic fundraiser Joel Hyatt, will acquire Newsworld International for around $70 million from Vivendi. The Observer will also report that Mr. Gore approached French-owned Vivendi through French President Jacques Chirac in 2003, hoping to get a better deal from Vivendi CEO Jean-Rene Fourtou. That resulted in a meeting with Universal Television executives and the COO of Vivendi in the summer of 2003. From newspaper copy, obtained by DRUDGE: "Mr. Gore's group plans to transform the sleepy foreign-news outlet into a youth-oriented public-affairs channel, a jump-cut news network for the iPod set. Despite vociferous claims that the network isnt' attempting to be the liberal antidote to Rupert Murdoch's Fox News, it's difficult to ignore the obvious: It may be fair, it may be balanced, buti it's going to be owned by Al Gore." Impacting... ----------------------------------------------------------- Filed By Matt Drudge Reports are moved when circumstances warrant http://www.drudgereportArchives.com for updates (c)DRUDGE REPORT 2004 Not for reproduction without permission of the author |
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