Al Gore sued over Current TV sale to Al-Jazeera
Los Angeles resident John Terenzio is demanding more than $5 million in a lawsuit filed in San Francisco Superior Court Tuesday.
Al-Jazerra announced Jan. 3 that it would pay $500 million for San Francisco-based Current TV.
Terenzio alleges he first brought the idea of the Qatar-owned Al-Jazeera's purchase of Current TV to board member Richard Blum in July, and he expected to be paid if his plan was used. The lawsuit claims Blum was open to the plan, which Terenzio laid out with a detailed PowerPoint presentation but feared Gore would find such a deal with the oil-rich government of Qatar "politically unappealing.''
Neither Gore or Blum, nor their representatives, could be reached for comment late Wednesday.
Gore co-founded Current TV in 2005 with Joel Hyatt, with each receiving a 20 percent stakes in Current, a politically left-leaning news and talk network. Comcast Corp. had less than a 10 percent stake. Another major investor in Current TV was supermarket magnate and entertainment industry investor Ron Burkle, according to information service Capital IQ.
Blum, a venture capitalist and husband of Democratic Sen. Dianne Feinstein, is also an investor in Current TV.
Terenzio claims he presented to Blum "a step-by-step approach for making the sale of the liberal media outlet to Al-Jazeera palatable to US lawmakers, pro-Israel factions, cable operators and, most importantly, the American public.''
Terenzio claims he created the English version of China
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