Al Gore's Current TV putting itself up for sale

CainTV ^ | Friday October 26th, 2012 | Robert Laurie

[Brad from Tennessee]

These jokers tried to issue a $100 million IPO a couple of years ago. The scam would have put millions of dollars in their pockets and made it easier to dump this loser. I think the SEC started sniffing around and Gore and his partners dropped the plan. If there were ever any serious buyers for this thing they would have sold it. Kieth Olberman was suing them.

[Paleo Conservative]

I thought they sold out a long time ago.

[spawn44]

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.

[Chode]

Oh WOE is me... whys everybody always pickin on me???

listen... warming, cooling, it was 50/50. so i took a shot!!!

[ExNewsExSpook]

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.

[Forward the Light Brigade]

Glen Beck needs to buy it. He has the shows from The Blaze and the programming. He could stand to the right of Fox.

[McCloud-Strife]

Throw in Newsweek and I’ll pay up to $5.00