Vivendi Universal is in talks to sell cable network Newsworld International to a group of investors led by former Vice President Al Gore for $70 million, The Wall Street Journal
reported.
Gore and his group have been looking at cable programming for several months, including TechTV, which is owned by Microsoft Corp. cofounder Paul Allen and is on the block.
Gore’s partner in the venture is Joel Hyatt, a cofounder of Hyatt Legal Services.
Sources told the Journal
Gore has also met with Comcast Corp. and is seeking to meet with AOL Time Warner Inc. The paper said neither company would comment.
Newsworld International was left out of General Electric Co.'s NBC’s deal to acquire Vivendi Universal Entertainment.
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