NEW YORK (Reuters) - Former U.S. Vice President Al Gore (news - web sites) is close to a buying a cable TV channel, putting him in a position to launch a liberal news outlet to counteract the increased popularity of conservative stations like the Fox News Channel, a source familiar with the matter said on Wednesday.
Gore and a group of investors are in talks to buy Newsworld International, a cable news channel owned by Vivendi Universal, for $70 million, the source said.
"Vivendi is near a deal but the deal is not done yet," said the source, referring to Gore's bid.
If Gore succeeds, Newsworld International could compete with Fox News Channel, which has unseated CNN as the most widely watched news channel in the United States with a formula of brash talk show formats mixed with hard news.
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