Current TV's Gore Sued Over Al Jazeera Sale
Source: B&C
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, Current agreed to be bought by Al Jazeera, which plans to convert it to the 24-hour Al Jazeera America news network later this year.
Read more: http://www.broadcastingcable.com/article/492221-Current_TV_s_Gore_Sued_Over_Al_Jazeera_Sale.php
Typical corporate sibling rivalry. I remember a similar lawsuit between Mark Zuckerberg and one of Facebook's co founders.
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