Tag: gore

A newly formed media company led by former US vice president and current Apple board member Al Gore and successful entrepreneur Joel Hyatt today acquired Newsworld International (NWI) from Vivendi Universal Entertainment for an undisclosed sum. NWI will be developed by INdTV Holdings into a network offering “innovative and compelling programming created by and for a target audience of 18-34 year-olds.”

Former US vice president and current Apple board member Al Gore is close to buying a small cable news channel from Vivendi Universal for US$70 million. “If Gore succeeds, the channel, Newsworld International, could potentially emerge as a competitor with Fox News Channel, which has unseated CNN as the most widely watched cable news outlet in the United States,” says Reuters. Read More

Reuters reports that former U.S. Vice President Al Gore received 30,000 stock options for joining the board of Apple this month, according to a Securities and Exchange Commission filing released on Monday. In the filing, the company said it gave Gore 30,000 stock options with an exercise price of US$14.95. He could exercise options for 10,000 common shares in March 2004, another 10,000 in 2005 and the final 10,000 in 2006. The package expires in 2014.

BusinessWeek and the Baltimore Sun have both published articles looking at the recent appointment of former U.S. Vice President Al Gore to Apple’s Board of Directors.

Apple has shown that it indeed does have a sense of humor by linking to a very amusing report on the company’s announcement that it had appointed Al Gore to its Board of Directors.

Apple today announced that Al Gore, the former Vice President of the United States, has joined the company’s Board of Directors. Mr. Gore was elected at Apple’s board meeting today. “Al brings an incredible wealth of knowledge and wisdom to Apple from having helped run the largest organization in the world — the United States government — as a Congressman, Senator and our 45th Vice President. Al is also an avid Mac user and does his own video editing in Final Cut Pro,” said Steve Jobs, Apple’s CEO.