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Economy
Al Gore's Current TV putting itself up for sale
2012-10-28
[Cain TV] 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,
man does not live by words alone, despite the fact that sometimes he has to eat them...
if it was trying to attract viewers, well, it's had some difficulty. Now, it's 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.”

That's big-time TV exec speak that roughly translates as "We're getting ready to dump this turkey."

The network began its life by focusing on young, high school and college age, liberals. Predictably, its early crusade against global warming failed to attract eyeballs, so it began to reinvent itself as a standard, left-wing, talking head channel - packed with a host of zany pundits that even MSNBC had rejected.

Chief among these was Keith Olbermann who, after being fired from MSNBC due to his horrible personality, took his show "Countdown" to Current in 2011. There, he experienced the same kind of ego-driven controversies that have plagued him at every network in his career. The acquisition of Countdown was supposed to save the struggling net but, a few months after he started, Olbermann started to implode. He began insulting his bosses, famously referring to the station as "amateur hour," and was fired seven months ago.
Posted by:Fred

#8  If they run the for sale ads on their own network no one will ever see them.
Posted by: Iblis   2012-10-28 21:30  

#7  The subscription numbers I think I saw were around six million. For a media company looking for an existing network to buy, that indicates potential.
Posted by: Pappy   2012-10-28 19:34  

#6  I hear Al's "chakra" is all he's good for.
Posted by: RandomJD   2012-10-28 14:21  

#5  Like Newsweek, not worth $1.
Posted by: newc   2012-10-28 12:01  

#4  If Al's chakra isn't included, maybe...
Posted by: Grunter   2012-10-28 11:13  

#3  Are you kidding? Holding the syndication rights to Oblerman screaming about his set is worth $2K.

I mean you gotta think long term here ProC.
Posted by: Shipman   2012-10-28 09:31  

#2  You know you're paying $1499.99 too much?
Posted by: Procopius2k   2012-10-28 09:19  

#1  I got $1500 free money right here, hand it too me free and clear, no debts, no ious, no Oblermun and we got a deal.
Posted by: Shipman   2012-10-28 07:53  

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