Skip to comments.Al Gore's Current TV putting itself up for sale
Posted on 10/26/2012 2:22:18 PM PDT by Olog-hai
As usual, left-wing media outlets only make money when theyre being liquidated.
Founded in 2005 by Al Gore, Current TV quickly made a name for itself as a go-to source for environmental incoherence, Democrat lunacy, and far-left diatribes. If providing an outlet for liberal kooks was the goal, it succeeded admirably. However, if it was trying to attract viewers, well, its had some difficulty. Now, its up for sale.
CEO Joel Hyatt recently told the New York Post that Current has been approached many times by media companies interested in acquiring our company. This year alone, we have had three inquiries. As a consequence, we thought it might be useful to engage expertise to help us evaluate our strategic options. Thats big-time TV exec speak that roughly translates as Were getting ready to dump this turkey.
(Excerpt) Read more at caintv.com ...
I think Algore should have to pay some “cap and trade” money for all of the pollution he as dumped onto TV.
The buyers want the channel (bandwidth), not necessarily the content.
Current had a theme was even further out on the left than MSNBC. A guy who watched Current for twelve hours a day....probably needed to be put into some mental ward.
OWS, SOROS, MSNBC?..............
I’ll bid seventy-five cents.
For your enjoyment:
AlGore reading his own poetry.
It would be pointless for a conservative to buy it because every cable and satellite system would drop it
I bid 1 FRN.
Damn! I hope I win!
Will turn it into an “All Conservative, All the Time” Network.
Screw “Fair And Balanced!”
“Al Gore’s Current TV putting itself up for sale”
Did it ask AL first ?
I’ll pay a dollar.
The liberals always want to put YOUR money where there mouth is;their programs of all kinds are neither entertaining nor profitable.
You've got it backwards. That's where they get their anchors.
I hope nobody buys it. Let it be a sewer for the libs to pour money down.
Why don’t all of us at Free Republic chip in and buy it? We can call it the “Coal Channel”.
I’ll buy it...for a buck.
Limbaugh ought to buy it and partner with that kid who busted ACORN.
I thought they sold out a long time ago.
Founded. It should be Found. The brains at current TV finally figured out anybody dumb enough to watch their station didn’t own a TV or use electricity.
listen... warming, cooling, it was 50/50. so i took a shot!!!
As I noted on another thread: the notion that other media companies are lining up to buy Current TV is ridiculous. In reality, GoreTV has been on the block for at least two years; in fact, Al himself offered to sell the channel to his buddies at Google, who promptly declined. Yeah, they’re lefties, but they know an unsustainable business model when they see one.
Fact is, Current has never attracted anything approaching an audience. For years, they refused to subscribe to the Nielsen ratings, knowing what the data would reveal. When they finally did (under pressure from advertisers), the ratings confirmed what everyone knew: virtually no one was watching Current TV. At their “high water mark” (during Keith Olbermann’s brief tenure), Current drew about 40,000 viewers during one hour of prime time. By comparison, “The O’Reilly Factor” has a nightly audience of 2,000,000+ and the other Fox hosts are all over 1,000,000. Current would kill for even CNN’s subterranean numbers.
Here’s the gaping hole in Mr. Hyatt’s carefully-spun story: if Current is such a hot property, why the urgency to sell? Call it an inconvenient truth, but Current has never made a dime in profit and major investors (like Hyatt) have lost tons of money. However, The Wooden One may actually make money on the sale—assuming they can find a buyer—because Gore brought his name to the project and little else.
Couldn’t happen to a more deserving bunch.
Glen Beck needs to buy it. He has the shows from The Blaze and the programming. He could stand to the right of Fox.
Throw in Newsweek and I’ll pay up to $5.00