In a completely shocking and utter unpredictable turn of events, it appears that Current TV, Al Gore’s attempt at a
news network propaganda outlet, hasn’t worked out so well, and is now up for sale. For the rest of the sad news, here is more from Michelle Malkin.
Current TV, the ratings-challenged cable network started by former Vice President Al Gore, has put itself up for sale, The Post has learned.
“Current has been approached many times by media companies interested in acquiring our company,” CEO Joel Hyatt told The Post. “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.”
Current is still interviewing investment banks and has yet to launch a formal sales process, said one source.
The service, launched in August 2005 after Gore had begun his crusade against global warming, has churned through programming and personnel as it tried to find its voice.
The channel started out as youth-centric and user-generated before going heavier on news and documentaries. Its latest incarnation is as a left-leaning cable news network, à la MSNBC.
Current, owned by Gore, Hyatt and some private backers, is in about 60 million homes, which could make it valuable to buyers looking for cable network distribution.
It gets about 12 cents a subscriber from pay-TV operators that carry it, or around $82 million last year, according to SNL Kagan. Ad revenue last year was estimated at just $16.9 million.
So, if anyone has a dollar or so, and wants the opportunity to fire a bunch of moonbats, get on the phone, and buy the network! Of course, you’ll have to get someone to actually watch it. However, playing cartoons alone would probably bring in more viewers.