For Sale: Current TV
The New York Post reports that Current TV, launched in August 2005 by former Vice President Al Gore, is on the block.
CEO Joel Hyatt told the paper: “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.”
The channel’s lineup now includes “Joy Behar: Say Anything!” and “Viewpoint with Eliot Spitzer,” the report notes. Current is in about 60 million households.
“It gets about 12 cents a subscriber from pay-TV operators that carry it, or around $82 million last year, according to SNL Kagan,” the report notes. “Ad revenue last year was estimated at just $16.9 million.”
CEO Joel Hyatt told the paper: “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.”
The channel’s lineup now includes “Joy Behar: Say Anything!” and “Viewpoint with Eliot Spitzer,” the report notes. Current is in about 60 million households.
“It gets about 12 cents a subscriber from pay-TV operators that carry it, or around $82 million last year, according to SNL Kagan,” the report notes. “Ad revenue last year was estimated at just $16.9 million.”
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