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Al Gore's Networking Plan
Al Gore is ready to exert his influence on Americans--and this time, hanging chads will not be involved.
The former vice president and onetime presidential hopeful has acquired the cable channel NewsWorld International from Vivendi Universal, and plans to turn it into a news network for young adults.
Gore announced the acquisition at a cable conference in New Orleans Tuesday. He declined to say how much his company, INdTV Holdings shelled out for the station, though previous estimates priced the sale at around $70 million.
The network will not have political leanings, Gore said, but will serve as an "independent voice" for a target audience of people between 18 and 34 "who want to learn about the world in a voice they recognize and a view they recognize as their own."
"This is not going to be a liberal network, a Democratic network or a political network," Gore emphasized.
NewsWorld International is currently seen in 17 million homes across the country and features 24-hour international news programming provided by Canadian Broadcasting Corp., which will continue to produce news content for Gore's new network.
Gore will serve as chairman of the board and indicated that he will be devoting the bulk of his time to the station. Entrepreneur and former Democratic National Committee finance chairman Joel Hyatt will serve as CEO.
"Having learned from both the successes and failures of other cable networks, we are confident this is a winning concept," Hyatt said.
He declined to give specifics about the network's content, but stated that programming would be "irreverent and bold" and that news comedies and "other formats you haven't seen before" would be featured.
"Our goal is not to be the 251st cable network that looks like the others," he said.
Gore and Hyatt have reportedly been working on the acquisition for the last two years, including a full year of negotiations with Vivendi.
The name of the network has yet to be determined.
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