Al Gore Launches Cable Network for Young Adults
Posted on May 28, 2004Former Vice President Al Gore and entrepreneur Joel Hyatt have acquired Newsworld International (NWI) from Vivendi Universal Entertainment for an undisclosed sum. The acquisition of NWI was financed by leading equity capital firms and individual investors including entrepreneurs and media pioneers. NWI will be developed by its new owners into a network created by and for a target audience of 18-34 year-olds.
NWI, a 24-hour channel dedicated to global news produced by The Canadian Broadcasting Corporation, has earned a reputation for journalistic excellence and a comprehensive perspective on daily world happenings. Following its acquisition by INdTV, NWI's programming will continue to be provided by CBC. NWI is currently distributed to 17 million subscriber households across the U.S.
"We are launching an exciting television network for young men and women who want to know more about their world and who enjoy real-life stories created with, by and for their own generation," said Gore who, as Chairman of the Board, will devote the lion's share of his time to the venture. "We want to empower this dynamic generation with a network dedicated to them that has integrity and a commitment to excellence. This will not be a political network. These stories will be in a voice that young people recognize and from a point of view they identify as their own."