Al Gore sues Al Jazeera over sale of Current TV
Al Jazeera agreed to pay $500 million to buy and rebrand Current TV
Former American vice president Al Gore is suing Al Jazeera over the sale of his former network, Current TV, claiming the Qatari-owned broadcaster owes him millions of dollars from the purchase.
Mr Gore and a group of shareholders accuse Al Jazeera of fraud and breach of contract, arguing the network has failed to honour the terms of the contract and is holding $65 million (£39m) in an escrow account.
“Al Jazeera America wants to give itself a discount on the purchase price that was agreed to nearly two years ago,” David Boies, a lawyer for Gore, said in a statement. “We are asking the court to order Al Jazeera America to stop wrongfully withholding the escrow funds that belong to Current’s former shareholders.”
Al Jazeera, owned by the Qatari royal family, agreed to pay $500 million to buy Current TV, launched by Gore and co-founder Joel Hyatt in 2005, last year. The deal gave Al Jazeera America access to 40 million homes in the US.
The network invested heavily in new content and has hired big names, including former CNN presenter Soledad O'Brien, but ratings have failed to take off among viewers who still associate brand with an alleged anti-American bias.
Dawn Bridges, a spokesperson for Al Jazeera, said the network’s lawyers are reviewing the lawsuit: "We think it relates to a commercial dispute between former shareholders of Current Media and Al Jazeera America. We may have further comment once they've fully reviewed everything."
New UK station Russia Today gives a very bizarre view of Britain
By performing as African Americans or Indians, white people get to play act a kind of 'imaginary liberation', writes Michael Mark Cohen
New essay by JK Rowling went live on Pottermore site this morning
Top Gear presenter is no stranger to foot-in-mouth controversy
- 1 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 2 Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
- 3 Top Gear presenter Jeremy Clarkson criticised for beer tweet
- 4 The bubble bursts for Sodastream
- 5 If you think Russell Brand’s new book is confused, you should read what his critics have to say about it
'Nasa Confirms Six Days of Darkness in December': No, they don't - it's a hoax
Top Gear presenter Jeremy Clarkson criticised for beer tweet
The bubble bursts for Sodastream
Russian politician says Apple CEO Tim Cook should be 'banned' from country after coming out as gay
'Santa Claus' dead: John Moore starred in Coca Cola and Morrisons adverts
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
Muslims, immigration and teenage pregnancy: British people are ignorant about almost everything
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...
£20000 - £23250 Per Annum pro rata: Clearwater People Solutions Ltd: Pro rata ...
£40 - 48k + Benefits: Guru Careers: We are seeking a Marketing Manager to join...