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Al Gore launches cable TV network
Former vice president and entrepreneur Joel Hyatt to create new network targeting young audience.
May 4, 2004: 1:36 PM EDT

NEW YORK (CNN/Money) - Former U.S. vice president Al Gore announced Tuesday that he and entrepreneur Joel Hyatt plan to launch their own cable television network by buying cable television channel NewsWorld International from Vivendi Universal for an undisclosed sum.

Gore is expected to be the chairman of the NWI board, while Hyatt will be running the company as the new cable network's chief executive officer, the company said.

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"This will not be a political network," the former U.S. vice president said in a statement. But NWI will be developed into a network offering programming for a target audience of 18-34 year-olds, said the company.

Newsworld International is a 24-hour channel broadcasting international news produced by the Canadian Broadcasting Corp. (CBC). It is distributed to about 17 million subscriber homes.

The programming on NWI will continue to be provided by CBC. The acquisition was announced during Tuesday's National Cable and Television Association convention in New Orleans.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.