Al's Bumpy Road To Cable Access

Al's Bumpy Road To Cable Access

Al Gore seems to be stuck in a holding pattern. The ex-Vice-President hopes to launch a career as a media mogul. Gore and an investor group want to buy cable news channel Newsworld International (NWI) to create a left-leaning network. But they need InterActiveCorp Chairman Barry Diller's OK bec...

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Veröffentlicht in:Bloomberg businessweek (Online) 2003-12 (3861), p.11
Hauptverfasser: Ronald Grover and Tom Lowry, Sager, Ira
Format: Magazinearticle
Sprache:eng
Schlagworte:
Politicians
Startups
Television networks
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Zusammenfassung:Al Gore seems to be stuck in a holding pattern. The ex-Vice-President hopes to launch a career as a media mogul. Gore and an investor group want to buy cable news channel Newsworld International (NWI) to create a left-leaning network. But they need InterActiveCorp Chairman Barry Diller's OK because NWI is part of the Universal entertainment assets that parent Vivendi plans to merge with General Electric's NBC for $14 billion. Diller owns a 5.4% stake in Universal and wants to know how NBC will treat his $2.5 billion in preferred shares.
ISSN:0007-7135
2162-657X