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Business

Report: Current TV Entertaining Talks About Going up for Sale

Oct. 26, 2012 2:51pm Becket Adams

Top executives at Al Gore’s struggling Current TV are reportedly considering selling the service, the New York Post reports.

“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.”

Bear in mind, the “ratings-challenged” station is only in the discussion stage of selling. Still, a spokesperson confirmed with POLITICO that talks are taking place with investment banks.

“Current … is in about 60 million homes, which could make it valuable to buyers looking for cable network distribution,” the Post ntoes. “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.”

But why are they struggling at all? After all, when you have so much talent to draw from:

Exit Question: Any guesses how much it will sell for?

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Comments (66)

MrKnowItAll
Posted on October 26, 2012 at 6:40pm
Earth to Obama Supporters! Brown Shirts have you in their Sites. Lying Media…”We The People Have You in Ours”! Everyone of you needs a Great Plastic Surgeon. Better save your Money. Semi-Filled loads of Cash. All because you are just what Pee Wee Herman said….Stupid is….Is what Stupid Does.

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- SocialistSlayer
  Posted on October 27, 2012 at 8:39am
  But wait – If Al Gore’s current goes under who is going to cover the Global Warming debacle ? Oh well maybe the Blaze will take over for them ! :)
  
  Report this comment
- GerriDavid
  Posted on October 27, 2012 at 3:11pm
  With talent like Joyless Behar and “Client #9″, how could this happen?
  Glen Beck to the rescue?
  
  Report this comment
- cosette
  Posted on October 27, 2012 at 6:46pm
  Gores’ brain(less)child, Current T.V can join Newsweek on the ash heap of irrelevance. No interest = no market = bye,bye.
  
  Report this comment
- G-WHIZ
  Posted on October 28, 2012 at 9:57am
  1) Republicans: sell a business when it is REALLY goeing well vor megga-oodles of cash$$\!
  2) Progocrats: sell a business to keep from goeing 100%-BROKE for 10-cents-on-the-dollar—still more than it’s worth! Hurry–hurry–hury…SELLIT beore we have to pay them to takeit!! And THEY do!
  
  Report this comment
QuincySmith
Posted on October 26, 2012 at 6:11pm
Firm $10.00 bid here.

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- jeffo814
  Posted on October 26, 2012 at 7:11pm
  Sold!
  
  Report this comment
- kenboo1
  Posted on October 26, 2012 at 10:52pm
  You would be paying too much for it… Wasn’t it the NY times that sold for nothing, the buyer simply agreed to take over all debt obligations. If you paid $10 bucks for it, you possibly could have over paid by 10 bucks or $250,000,010…
  
  Report this comment
The citizen who cares
Posted on October 26, 2012 at 6:03pm
Glenn Beck should buy it and convert it to another conservative channel. Kinda like how Fox has Fox News and the Fox Business Channel.

Current TV: Now under new management and part of The Blaze Network!

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- floridareader
  Posted on October 26, 2012 at 6:46pm
  Let it go broke, sanitize its facilities, expel all dark spirits and dementors, and then converted into a conservative channel that promotes family values, respect for God, freedom and love for country.
  
  Report this comment
- steelpanther
  Posted on October 26, 2012 at 8:30pm
  Going to have to bless a whole heck of a lot of freebreze bottles to get the stench and the demons out.
  
  Report this comment
- Taquoshi
  Posted on October 27, 2012 at 3:03pm
  @ Florida -
  
  I hear burning sage and/or braided sea grass can often do the trick. Also, I think there are still a few exorcists around who are available for hire.
  
  Report this comment
- The citizen who cares
  Posted on October 28, 2012 at 6:45pm
  LOL you guys are funny :D You’re making it sound like Current TV is channel 666 or something! I totally agree that if Current TV isn’t ran into the ground and left to burn, it needs to be purged with holy water and a whole lot of other things.
  
  Report this comment
Skee
Posted on October 26, 2012 at 5:29pm
My opening offer is .36 cents and some belly button lint.

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- Oilbama
  Posted on October 26, 2012 at 5:55pm
  hahahahaha,,,,,,,,ewwww
  
  Report this comment
I-have-black-immunity
Posted on October 26, 2012 at 5:26pm
Cenk Uygur, your family needs you to come back to Turkey to help the the Salafi Muslim Brotherhood take over the government and create an Islamic state under Sharia Law. Don’t leave us Turks without our Caliphate. Hazem Salah Abu Ismail has pledged to join you in Turkey. Why are you living the life of corrupted satanic western excess instead of living and creating a true Islamic republic in an existing Islamic country? Life is too comfortable for you isn’t it? Booze, whores, movies, eating forbidden food and so much more. Why not renounce this life of Satan as Anjum Chaudri in England did and come join us in Turkey to create this Muslim paradise? Or do you so much love the western kuffar whores, while your daughters engage in drinking alchol and having sex with the kuffar when they were as yougn as 8 years. (Like Aisha) Please do not forsake Allah and the prophet (pbuh)? Mashallah.

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- vonMises
  Posted on October 26, 2012 at 6:59pm
  ROFL. Pointed, harsh, and very funny!
  
  Report this comment
- Git-R-Done
  Posted on October 29, 2012 at 1:30am
  That comment was awesome.
  
  Report this comment
VRW Conspirator
Posted on October 26, 2012 at 5:00pm
I think they would have to PAY me to take it off their hands….

but nearly $100 million in revenue total each year isn’t bad…too bad all those loser hosts probably demanded at least $10 million a year just to come and spew their garbage to an audience of 1….well maybe 10-15…all those crew members in the booth and on the cameras and sound…even if they don’t want to ..still kinda have to watch….

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- babylonvi
  Posted on October 26, 2012 at 5:41pm
  A hundred million in revenue? You must be part of the Choom Gang…there is no viewership, isn’t Soros keeping it afloat? MAYBE $100 million including the Soros contribution, unfortunately it might cost $120 million to operate..
  
  Report this comment
MAULEMALL
Posted on October 26, 2012 at 4:19pm
Got to be worth at least newsweek money…

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NOTSMOKINPOT
Posted on October 26, 2012 at 4:05pm
Wonder when they will post it on eBay for sale?

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Watermain
Posted on October 26, 2012 at 3:53pm
I’ll go $5 just so I can go on live TV and announce Current TV is now off the air.

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13th Imam
Posted on October 26, 2012 at 3:53pm
Bain Capital should buy it , and fire all these sorry socailists.

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BODYBAG
Posted on October 26, 2012 at 3:50pm
Liberals will just never learn that the public just isnt interested in their pre-pubescent
hateful ranting and racist petulance. Remember Air America?

They get ticked off at Rush, Hannity, & Beck and wonder “why cant we do that”?

Because your programming is for 13 year-old imbeciles?

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The-Monk
Posted on October 26, 2012 at 3:43pm
Paging Mr. Hyatt….

Paging Mr. Hyatt….

E-Bay is on the phone…

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- The-Monk
  Posted on October 26, 2012 at 3:49pm
  “Mr. Hyatt….Sorry to interrupt your call with E-Bay but, there’s a man named Keith on the phone that says it’s extremely urgent that he talk to you about your Craigslist ad….”
  
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- The-Monk
  Posted on October 26, 2012 at 4:02pm
  “Mr. Hyatt….Sorry to interrupt your call with Keith but, there’s a man named Mr Bashir on the phone who says it’s extremely urgent that he talk to you about your Craigslist ad also….”
  
  Report this comment
RightThinking1
Posted on October 26, 2012 at 3:41pm
Eliot Spitzer: “Uh, oh…”

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RightThinking1
Posted on October 26, 2012 at 3:40pm
I’ve got a ’79 Ford pickup, on blocks, down in the lower 40. I ‘ll swap it even, but they have to come get the truck. They’re gonna need a roll-back…..

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- RJJinGadsden
  Posted on October 26, 2012 at 3:51pm
  RIGHTTHINKING1, I would venture to say that you are offering too much too. The truck will be worth far more if you call the guys at Spike TV’s Power Block.
  
  Report this comment
oriondma05
Posted on October 26, 2012 at 3:35pm
Only 3 offers to buy??? Didn’t these people see Jennifer Granholm speak at the DNC this year? That at least should have caught the eye of Comedy Central and TLC.

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The-Monk
Posted on October 26, 2012 at 3:31pm
“If they had only kept me as their top reporter this would never be happening… ”

Keith Olbermann

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The-Monk
Posted on October 26, 2012 at 3:28pm
Here’s my bid…..

http://www.youtube.com/watch?v=85cL1HisrNc

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- dealer@678
  Posted on October 26, 2012 at 3:40pm
  That was hilarious . I needed that !!!
  
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- RJJinGadsden
  Posted on October 26, 2012 at 3:45pm
  Hi MONK, I heard this early this morning on Fox, and have been laughing ever since. I think the guy from Robocop has bid just a tad high.
  
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- The-Monk
  Posted on October 26, 2012 at 4:06pm
  Hi RJJ,
  
  This story goes good with the S.E.Cupp story with Keith Olbermann still being unemployed.
  
  http://www.theblaze.com/stories/s-e-cupp-jabs-friend-keith-olbermanns-on-his-new-job-search-keep-that-chin-up/
  
  LMOA !!!
  
  Report this comment
- RJJinGadsden
  Posted on October 26, 2012 at 4:38pm
  Hi MONK, that is a very funny story from SE Cupp. And, I mean a VERY funny story.
  
  Report this comment
Larry E
Posted on October 26, 2012 at 3:28pm
I’ll make a bid right now! There’s $1.12 in change in my pocket at the moment and I’ll blow the whole works on this lump so that I could sack the whole worthless crew there.

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RaydocX
Posted on October 26, 2012 at 3:14pm
hay, maybe they could consider airing fact based reporting… honest journalism… hard hitting stories that take no prisoner, offer no quarter, and place blame where it should be directed…

hahahah… sorry, for a minute i thought strategic thinking might include realizing their entire concept was no longer being swallowed by John Q Public, and that to profit (what an awful capitalistic word) they have to listen to the audience instead of preach endlessly as if the audience is moronic.

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thekriplins13
Posted on October 26, 2012 at 3:11pm
Also the current pic resembles a flag I seen black with white writing on it who was that flying that flag ….?

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T-2
Posted on October 26, 2012 at 3:08pm
I’ll buy it for $1.00

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- RJJinGadsden
  Posted on October 26, 2012 at 3:54pm
  T-2, LOL, looks like you and THE-MONK had the same idea.
  
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- Larry E
  Posted on October 26, 2012 at 6:34pm
  Undercutting my buck twelve hey? Not nice! As much as Gore knows about business he’ll take your bid and I won’t get to fire his employees.
  
  Report this comment
thekriplins13
Posted on October 26, 2012 at 3:05pm
It will probably be some arm of the Muslim Brotherhood spewing propaganda oh and trying to raise money with the help of the White house to send to the Syrian terrorist.

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DIS3
Posted on October 26, 2012 at 3:05pm
Hey Al if wining were easy even losers like you would do it.

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huey6367
Posted on October 26, 2012 at 3:01pm
What channel is the Al Gore network so I know not to accidentally watch it?

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Gonzo
Posted on October 26, 2012 at 2:57pm
Why buy dead air space?

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- The-Monk
  Posted on October 26, 2012 at 3:39pm
  “Current has been approached many times by media companies interested in acquiring our company,” CEO Joel Hyatt told The Post.
  
  That’s right Joel….. they are so ashamed of you’re Network they are willing to buy it just to shut it down.
  
  Report this comment
- RJJinGadsden
  Posted on October 26, 2012 at 4:40pm
  GONZO, MONK, Bwahahahahahahahahaha……bwahahahahahahahahahahaha!
  
  Report this comment

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