Current TV Reportedly Considering Putting Itself Up For Sale
The New York Post reported Thursday evening that the network’s CEO Joel Hyatt told them 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.”
Talking Points Memo confirmed the possibility, hearing from Current’s senior vice president for communications, Laura Nelson, who told the website that “We’re exploring strategic options, including sale, also including partnerships or straight investment.”
The decidedly progressive outlet, founded by former Vice President Al Gore, is home to outspoken liberal hosts like Cenk Uygur, former New York Governor Eliot Spitzer, and former Michigan Governor Jennifer Granholm. The network also had a short-lived run with Keith Olbermann at the helm of their primetime programming.
The Post reports that the cable channel is viewed in roughly 60 million homes, and last year’s ad revenue reached an estimated $16.9 million.
Have a tip we should know? firstname.lastname@example.org