The Observer has learned that former Vice President Al Gore and business partner Joel Hyatt, an entrepreneur and Democratic fund-raiser, will close the deal to pay around $70 million to French-owned Vivendi Universal this week, making them the owners of the tiny digital-cable channel Newsworld International (NWI), moving Mr. Gore from politics to mini-media-moguldom.
Mr. Gore’s group plans to transform the sleepy foreign-news outlet into a youth-oriented public-affairs channel, a jump-cut news network for the iPod set. Despite vociferous claims that the network isn’t attempting to be the liberal antidote to Rupert Murdoch’s Fox News, it’s difficult to ignore the obvious: It may be fair, it may be balanced, but it’s going to be owned by Al Gore.
Meanwhile, the other Al among media giants, media-political hybrid Al Franken, incipient Minnesota Democratic candidate and Bill O’Reilly tag-team partner, was launching his somewhat more overtly political media project, Air America Radio, the little liberal radio network determined to correct the Fox effect on American news. And Al’s pal Al was delighted.
"Fabulous!" Mr. Franken said. "I think it’s a good thing. I think Al Gore’s a good guy." He started laughing with pleasure just thinking about it. "And I think Al Gore is a smart guy who has tremendous curiosity, and I think he’s a person who likes ideas," he continued. "And I think, you know, from all I know from the people I’ve met in media, he’d be a good choice as someone to have a piece of it. I’m much more comfortable in his hands than a lot of people."
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