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Tuesday, May 04, 2004

AL GORE TO ANNOUNCE ACQUISITION OF CABLE NEWS NETWORK

Wonkette (DC Gossip)

A Wonkette operative tells us that Al Gore plans to annouce at noon CST today that he and partner Joel Hyatt have successfully acquired the Newsworld International cable channel from Vivendi. Gore will make news of the sale to his company, "IndTV" (clever!), public at the annual convention of the National Association of Broadcasters [I'm an idiot. That was last week.] National Association of Cable & Telecommunications ("The National Show"). The content of channel will not change, says our operative, "They bought a full-functioning network. . . they're probably gradually going to change it." (Well, someone's learned something from Air America. . . )
Worldnews is currently profitable, with 17 million subscribers on satellite and cable and news content produced by the Canadian Broadcast Corporation.

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