ContractsProf Blog

Editor: Myanna Dellinger
University of South Dakota School of Law

Tuesday, August 19, 2014

Al Gore Sues Al Jazeera

GoreNow there's a headline that will make Fox News chortle with glee.  The Al Jazeera news network purchased Al Gore's Current TV channel for $500 million.  Gore's suit alleges that Al Jazeera still owed $65 million on the purchase price.

According to this report on the Guardian Liberty Voice, Al Jazeera may be withholding the final payment in an attempt to negotiate a discount on the sale price.  According to the report, Al Jazeera has not garnered as many viewers as it hoped -- an anemic average of 17,000 during prime time, as compared with 1.7 million for Fox News and nearly 500,000 for CNN.  

But with new crises erupting daily in the Middle East, things are looking up for all three.

Hooray.

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