The deal underscored the growing importance of strategic investors motivated by business strategies and not just financial incentives, points out PorterBibb, managing partner of MediaTech Capital.
Things started to go awry, he says, when Bush brought in New York investment banker PorterBibb to raise money and stopped returning Schonfeld's e-mails this past summer.
"I think it's a very, very well-done news network, " said media expert and former White House correspondent PorterBibb of Mediatech Capital Partners in New York, where he listens to a related network, Al Jazeera English, now available in a tiny fraction of U.S. markets.