Tags: gore | sued | current | tv

Fla. Media Consultant Sues Gore Over Current TV Sale

Thursday, 07 Mar 2013 01:03 PM

By Cyrus Afzali

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
A Florida media consultant has sued former Vice President Al Gore, claiming he presented the idea to sell Current TV to Al Jazeera last summer and should get a cut from the $500 million deal, according to The Hollywood Reporter.

John Terenzio filed the lawsuit Tuesday in California Superior Court in San Francisco and is seeking damages of at least $5 million.

In the court filing, a copy of which was obtained by the Reporter, Terenzio claims that on or about June 2012, he identified Current TV as a suitable acquisition target for the Qatar-based Al Jazeera and presented the idea to Richard Nanula, the principal of Colony Capital, a California private investment firm.

Terenzio then claims that “at his direction,” Nanula approached Current TV board member Richard Blum with the idea for the sale and ultimately arranged a meeting between Terenzio and Blum. At that meeting, Terenzio said he proposed the sale and floated the suggestion to rebrand the channel as Al Jazeera America, according to the Reporter.

Terenzio goes on to claim his proposal to Blum was based on a “mutual understanding” that he would be compensated if a sale of Current TV to Al Jazeera was completed.

The lawsuit claims that Blum and other investors were “eager” to sell the network and recoup their investment and that Blum said the proposal would be presented to Gore who, according to the lawsuit, originally rejected the sale, which was announced in January.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Florida State Suspends Winston for Entire Game

Saturday, 20 Sep 2014 07:36 AM

Top-ranked Florida State will face Clemson without Jameis Winston - for the entire game and not just the first half.Flor . . .

Pope Names Moderate as Chicago Archbishop

Saturday, 20 Sep 2014 07:28 AM

Pope Francis, in his first major appointment in the hierarchy of the Catholic Church in the United States, on Saturday n . . .

Kentucky Preservation Society Cracking Century Old Bourbons

Saturday, 20 Sep 2014 07:13 AM

A Louisville preservation society will raise a glass in December to toast the end of the Prohibition Era, but not with j . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved