LOS ANGELES (LALATE) – Glenn Beck was rejected in his bid to buy Current TV. Glenn Beck admits he was rejected when his own media company, TheBlaze, attempted to buy Current TV. Current was eventually sold to Al-Jazeera.
Beck this week tells news that he was rejected because the sale would defeat the purpose of the network’s founders. Established by former Democratic Vice President Al Gore, Current reached forty million homes at the time of its sale. It would have given Beck the type of cable proliferation he needs for TheBlaze.
But offered at allegedly of $500 million, would Beck have been able to afford Current’s sale price tag? Beck has yet to indicate what financial entities would have been involved in the possible purchase. But the TV personality tells news “Before Al-Jazeera bought Current TV, TheBlaze looked into buying it but we were rejected by progressive owners.”
The Wall Street Journal confirms the same. “Glenn Beck’s The Blaze approached Current about buying the channel last year, but was told that ‘the legacy of who the network goes to is important to us and we are sensitive to networks not aligned with our point of view,’ according to a person familiar with the negotiations.”
The Blaze and Al-Jazeera have yet to comment to news about Beck’s remarks. Beck, moreover, has yet to indicate if he is pursuing another cable network instead.