Current TV's Gore Sued Over Al Jazeera Sale
Current TV and owner Al Gore have been sued in a California
Superior Court by media consultant John Terenzio, who claims it was his idea to
sell Current to Al Jazeera and create Al Jazeera America in order to secure
U.S. distribution.
In the suit, which alleges breach of an implied agreement
and unjust enrichment, Terenzio's attorneys say he was not compensated
following the sale, even though his pitch was based on the "mutual
understanding" that he would be compensated if Current were sold to Al
Jazeera Networks and would also help arrange the sale.
In early January, Currentagreed to be bought by Al Jazeera, which plans to convert it to the 24-hour
Al Jazeera America news network later this year.
Terenzio claims that it was his PowerPoint presentation that
was made to Al Gore by one of the Current investors.
Terenzio wants at least $5 million in compensation, with
interest; court costs; and whatever else the court wants to give him.
A Current spokesman had no comment on the suit.
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Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.