Al Gore's Current TV confirmed Wednesday evening that it has been sold to Al Jazeera for an estimated $400 to $500 million, with the former vice president set to pocket up to $100 million from the sale.

In an email sent to Current TV's staff, co-founder and former chief executive officer Joel Hyatt describes the selling process he and co-founder Al Gore went through in considering sale to Al Jazeera, acknowledging Current TV was a failed model.

Hyatt points to the Al Jazeera's many accomplishments, including its global reach and for being the "only news network" that Obama-supporter Colin Powell watches, as factors in their decision.

The announcement makes clear that Al Jazeera plans to create a new international news network for an American audience called "Al Jazeera America."

Hyatt reminds his staff that the Qatari government funds Al Jazeera in the announcement, but fails to mention that the news network is considered by some a political and diplomatic tool for the oil-rich monarchy. Drivers in Qatar currently pay about $1 per gallon at the pump, due to massive oil subsidies handed down by the government.

Gore's post-vice presidential work has notably centered around reducing greenhouse gas emissions and other green causes. The former vice president will pocket an estimated $100 million on the sale. According to the New York Times, which first broke the story Wednesday, Gore wanted to complete the sale before Jan. 1, 2013 to avoid getting slammed with higher taxes.

The Wall Street Journal reported Wednesday that Glenn Beck's the Blaze inquired about buying Current last year, but was rejected due to ideological differences. Current leadership told the Blaze at the time that "the legacy of who the network goes to is important to us." Beck confirmed the inquiry late Wednesday.

READ FULL SOURCE ARTICLE: 01/02/2013

Editor's Note: So, Al Gore, the hypocritical sell-out, will get into bed with OPEC oil -- even as he blathers on about man-made global warming, but won't sell to an American who differs with him ideologically. Either Gore is a money whore, he doesn't really believe in man-made climate change, or both. Whatever the case, Mr. Gore is as slimy as they come, now caked with OPEC oil...Wonder what the Greenies think of their "leader" now??