Current TV, the independent television network founded by Al Gore in 2005 with headquarters right across from AT&T Park, has been entertaining offers to be acquired by some other network or conglomerate. CEO Joel Hyatt tells the NY Post they've had three offers this year alone, and they've now hired some kind of consultant(s) "to help us evaluate our strategic options."
In its seven years, Current has morphed from a youth-centric purveyor of "pods" short-form documentaries and shows that Gore believed were the future of television to a more normal news- and documentary-heavy channel, to its current incarnation as a lefty hub of political news, a la MSNBC. MSNBC's Keith Olbermann, you may recall, took a job with Current last year after being ousted by MSNBC, and was then fired in March of this year, only to be replaced in his Current timeslot by Eliot Spitzer. And now Olbermann is suing them for $40 million, or the remainder of his five-year contract.
Also, Gavin Newsom still has a show on Current. It's on tonight at 11 p.m.
According to the Hollywood Reporter, Current has engaged some investment bankers to guide them through a possible sale, though there's no word on who the interested party or parties may be.
[NY Post]
[NY Mag]
[Hollywood Reporter]