Speaking of Paltry: Al Gore’s Current TV goes up for sale

In this posting, I am going to violate my own advice that I gave out. Heck, I am a Conservative Blogger after all! Hee hee

Speaking of paltry amounts, Al Gore’s Current TV is going up for sale. The New York Post has the story:

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.

In January 2011, it hired former “Countdown” anchor Keith Olbermann, after MSNBC canceled his contract. Then in March, Current also cut Olbermann loose.

The network now airs such shows as “Joy Behar: Say Anything!” and “Viewpoint with Eliot Spitzer.”

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.

$16.9 million in Ad Revenue??!?! That’s it? Now, compared to a wee little website like mine, that is a whole lot of money. However, in the grand scheme of things, 16.9 million is quite paltry for revenue for a website of that caliber. 

Now I could try and be charitable and say it is because of the economy or a few other clever excuses. However, because this is Al Gore and his brand of idiot progressivism; I am just going to tell the inconvenient truth here. This website is up for sale, because progressivism sucks, as does the idiotic global warming hysteria horse shit, that Al Gore is infamous for peddling. Also, ol’ Joey Hyatt is a bit of an a-hole too, just ask Keith Olbermann, who bolted from that sinking ship, when he realized he was working with a bunch of unprofessional idiots.  

So, yeah, I am taking a bit of a perverse pleasure in hearing this news and blogging about it. You could say, that it warms the cackles of my rather cold Conservative heart. Devil

Yesterday: Air America

Today: Current TV

Tomorrow: The Democratic Party

It can be done, all we have to do is try.