$500 million less to donate to Hamas
Future of Capitalism makes a good point about the sale of Future TV to al-Jazeera
in the US.
The one point Mr. Crovitz did not make but could have is this one —
whatever the flaws of the Al Jazeera - Current deal, at least Al Jazeera
had to pay $500 million to gain access to the American market. That's
$500 million less that the emir of Qatar will now have available to
donate to Hamas, or to Columbia University. That's a better outcome than
the alternative that had been proposed by the president of Columbia,
Lee Bollinger, who, in a March 2011 Bloomberg Businessweek article, called on the Federal Communications Commission to force
American cable companies to carry Al Jazeera, access to which he called
"critically valuable" to "our democracy" and to "America's
understanding of the world."
If Mr. Bollinger had his way, Al Jazeera would have gotten for free
what it just had to pay $500 million for. A lot of people are
criticizing Mr. Gore for taking the $500 million. But Mr. Gore at least
drove a hard bargain on price relative to what Mr. Bollinger wanted to
use the force of government to give away for free. It's easy to see what
Mr. Gore gets out of the deal — $100 million. The more intriguing
question is what Mr. Bollinger hoped to get for Columbia in return for
his advocacy for the emir.
Indeed. And with Time Warner refusing to carry the Arab Islamic propaganda network
, that $500 million is looking even better.
Labels: al-Jazeera, Islamist propaganda