Former Vice President and Current TV co-founder Al Gore gets a pair of profiles today. First Bloomberg takes a shot at estimating his net worth, and comes up with a number around $200 million. The company estimates that he made around $70 million from the Current TV sale to Al Jazeera.
New York magazine talks to Gore, who discusses buying and selling Current, and his surprising relationship with news Crop. CEO Rupert Murdoch.
Murdoch had no interest in Gore’s plan to upend the media paradigm. But Gore’s timing was excellent. “Rupert is a smart guy,” Gore tells me. “This was a great opportunity for him to demonstrate that he was not interested in consolidating his control of DirecTV just to launch an ideological jihad.” As proof, “he could say, ‘Hey, I put Al Gore’s channel on.’ That was something that would work for him. It would certainly work for me.”
“Wait a second, Al,” Murdoch said. “You guys are here because you want to know if you buy NWI whether I’ll kick you off. I can assure you we are not going to do that.”
On the spot, Murdoch agreed to a ten-year extension. Over ten years, it amounted to a “gift” of about $200 million, as DirecTV’s execs later said.
On selling to Al Jazeera: