A Roadblock for Gore TV....Diller's veto power holding up cable-news deal

[cthrumatrix]

A ROADBLOCK FOR GORE TV
Diller's veto power is holding up cable-news deal
By J. Max Robins
If Al Gore wants to start a cable news channel, he's going to have to get Barry Diller's vote first.

The former vice president has been heading up a group that has been feverishly negotiating to buy News World International (NWI), a cable news channel controlled by Vivendi Universal Entertainment (VUE). Originally, the Gore team thought the deal would be done a month ago.

But Diller, who owns a substantial stake in VUE both personally and through InterActive Corp., the company where he is CEO, has veto power over the deal. And right now, he is in no mood to give the NWI pact his blessing. "We've told that we have the right to approve the transaction," says Diller. "We simply need more information before we say yes or no."

http://www.tvguide.com/news/robins/

Darn...that liberal media strikes again

[ayeshahaqqiqa]

1. My heavens! We can't have a network that might tell the truth!

n/t

[The Backlash Cometh]

2. What does Diller need in the way of reassurance?

Hmmm...gee, I wonder what he's holding out for?

[papau]

3. Diller wants post sale editorial control? a statement of purpose that

guarantees the corp will not say anything to hurt the GOP - put into the New media owning corporations incorporation papers?

[bicentennial_baby]

4. Don't take my NWI!!

Can't he buy another channel? I can't live without my NWI ! IT's the only channel that gives me real int'l news and the CBC!

[cthrumatrix]

5. They are using the $87B for Iraq TV here....but the Dems can't

have a voice?

And the dems are 50% of the vote....where is the logic?