Glenn Beck Tried to Buy Current TV But Was Rejected

[cynatnite]

Every once in a while a tweet appears that's so silly, it must be a joke. Like this one from Glenn Beck: "Before Al-Jazeera bought Current TV, TheBlaze looked into buying it but we were rejected by progressive owners." Guess what? He's totally serious. The Wall Street Journal caught the detail in its coverage: "Glenn Beck's The Blaze approached Current about buying the channel last year, but was told that 'the legacy of who the network goes to is important to us and we are sensitive to networks not aligned with our point of view,' according to a person familiar with the negotiations."

http://news.yahoo.com/glenn-beck-tried-buy-current-tv-rejected-032853589--finance.html

[Marie Marie]

1. Wow, imagine that. Principles over profit.

Love it!

[think]

3. Would be hard to show your face in public

if you sold out to the likes of Glen Beck

Beck: This president has exposed himself as a guy, over and over and over again, who has a deep-seated hatred for white people, or the white culture, I don't know what it is.

http://videocafe.crooksandliars.com/cspanjunkie/barack-obama-has-deep-seated-hatred-wh

[Ikonoklast]

2. I would have sold it to that idiot.

Beck is turning into a reverse Midas, I hope he has enough money left from scamming all the sheep, he's going to need it.

[patrice]

4. Yay!

[Jenoch]

5. I might get flamed for this,

but I would rather see ANY American owned company own Current TV rather than a foreign owned company.

[grahamhgreen]

6. How bout DU buys it?

[JaneyVee]

7. I'd rather a media stationed owned by truth-tellers like AlJazeera than rightwing propagandists.

[JDPriestly]

11. Are you OK with the network that broadcasts the BBC material?

How about Fox? They have a major stockholder (or at least used to) from Saudi Arabia.

Prince Alwaleed bin Talal, the second biggest shareholder in Rupert Murdoch's News Corporation, has revealed his frustration with the fallout from the News of the World phone-hacking scandal and admitted that it is harming the reputation of the company overall, not just its publishing interests.

http://www.guardian.co.uk/media/2012/may/08/murdoch-big-backer-news-corp

That article is from May 2012.

Here is the Wikipedia article on Alwaleed bin Talal.

In 1997, Time Magazine reported that Al Waleed owned about 5 percent of News Corporation.[6] In 2010, Alwaleed's stake in News Corp. was about 7% worth $3Bn; and News Corp. had a $70 million (9%) investment in Al Waleed's Rotana Group, the Arab world's largest entertainment company. This review of his holdings also referred to the Al Waleed investment AOL as if it was perhaps in the past.[7]

His stake in Citibank once accounted for approximately half of his wealth, prior to the financial crisis of 2007–2010. At the end of 1990, he bought 4.9 percent of Citicorp’s existing common shares for $207 million ($12.46 per share)—the most that he could without being legally obliged to declare his interest. In February 1991, he spent $590m buying new preferred shares, convertible into common shares at $16 each. This amounted to a further 10% of Citicorp and took his stake to 14.9%.[8]

In 1999, The Economist expressed doubts about the source of income of Prince Al Waleed and whether he is a front man for other Saudi investors. Because his income in the 1990s was insufficient to cover his expenditures. "You could barely clothe a Saudi prince for such sums, let alone furnish him with a multi-billion-dollar empire. Nevertheless, by 1991 Prince Alwaleed had felt able to risk an investment of $797m in Citicorp", wrote the magazine.[8]

Later, he also made large investments in AOL, Apple Inc., MCI Inc., Motorola, Fox News, and other technology and media companies.

http://en.wikipedia.org/wiki/Al-Waleed_bin_Talal

[Jenoch]

14. I am not thrilled with foreign ownershop

of ANY U.S. media. All of the companies you listed are corporations with publicly traded stock. Unlike broadcasting stations, are no laws that says their stock cannot be foreign owned.

[Cha]

8. So then Al Jazeera is aligned with

Current's point of view?

Thanks cynatnite

[snot]

9. Wow. Confirmation of conservatives' strategy of buying out competing voices.

[Initech]

10. An entire channel devoted to chalkboard conspiracy theorists? No thanks!

[Amonester]

12. You mean, like FAUX SNOOZE?

[Amonester]

13. I mean, without the chalkboard.