Gawker
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Bad Jokes, Bad Timing
Al Gore's Busy Making Bad Jokes While His Current.TV Journalists Are Still Trapped In North Korea
Al Gore was at the 92nd St. Y earlier this week, making jokes about drug addicts. Meanwhile, as of this morning, imprisoned Current.TV journalists Laura Ling and Euna Lee - Gore's employees - are facing further hearings in North Korea. More »
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By Foster KamerComment by Pope John Peeps II: Things are absolutely getting worse, and it's pretty clear that if North Korea views Ling and Lee as diplomatic pawns,... 2 Responses | Other threads
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reporters in peril
Al Gore May Smooch North Korea to Save Jailed Journalists
Current TV journalists Laura Ling and Euna Lee went on trial in North Korea yesterday for vague crimes which could land them both in jail for the next decade. Current's keeping its mouth shut. To the rescue: Al Gore, maybe!: More »
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Comment by Fry_Bread_Power: What would Al Gore's super hero name be? 1 Responses | Other threads
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Journalists In Trouble
Lisa Ling Hitting The Press Trail To Try and Save North Korean-Detained Sister
Former co-host of The View, Lisa Ling, is hitting the press this week for the first time since her sister, Laura (pictured, right) and fellow Current TV journalist Euna Lee were detained by the North Korean government. Their trial's on June 4th, and things aren't looking good.
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By Foster KamerComment by mslewis: These women illegally entered the country!! They broke the laws of North Korea. Why should anybody in the US government... 24 Responses | Other threads
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antitrust
Uh Oh, Google's in More Antitrust Trouble!
Google's G1 is the biggest enemy of Apple's iPhone. And Apple is making a big push into the Web. So it's totally hunky-dory that Google and Apple share board members, right? Wrong, say antitrust cops. More »
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By Owen ThomasComment by dontmindme: I absolutely have no pity, nor compassion, for any of those companies: Microsoft, Apple, or Google. May their... more » | Other threads
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failures
Al Gore's Light Bulbs Are Fail
All those curly-cue planet-saving fluorescent light bulbs that Al Gore made everyone buy even though they cost $30 and cast a sickly pale glow DON'T WORK. More »
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By John CookComment by Solomon Grundy: Wait, but what's wrong with the light bulbs? I'm confused by this post. 19 Responses | Other threads
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irony
Scant Future For Plenty
It turns out Plenty was paying attention to the wrong climate change: A tipster tells us the environmental magazine laid off almost the entire staff today after a funding round fell through. More »
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By Ryan TateComment by RapidOffensiveUnit: Rumor is it will merge with Good Magazine. 2 Responses | Other threads
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al gore
Obama Doesn't Need A Celebrity Cabinet Anyhow
What's the point of having a "Climate Czar" if it won't be Al Gore? The rich and chunky Tennessean has taken himself out of the running for the made-up position in Obama's cabinet, meaning it will probably go to some dead-ender ex-governor who never even won an Academy Award. Is this the beginning of the end of Obama's alleged "Celebrity Cabinet" plan? We're going to say yes, and thank god for that. More »
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Comment by Triborough: He can't have a celeb filled cabinet anyway since he has to load up on cronies and payback favors. 9 Responses | Other threads
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al gore
Al Gore Just Outsourced Your Job To Twitter
Current, the bizarre TV channel co-founded by Al Gore, laid off 60 staff last night. Supposedly the hippies in the San Francisco headquarters office are being shoved aside in favor of the bloodsuckers in Los Angeles. But even the survivors better watch their backs, because a company statement makes it sound like they might eventually be replaced by the robots and RSS feeds that fueled Current's awful, awful election-night coverage: More »
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By Ryan TateComment by Minsley Tortimer: didn't he create the internet? why doesn't he just have lolcats work for him? 12 Responses | Other threads
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deals
Digg's Kevin Rose interviews former Digg suitor Al Gore
It only takes hearing so many jokes about Al Gore inventing Twitter to figure out that the former vice president has signed up for the microblogging service. Wisely, he's not really participating in the site, just using it to market his websites and announce his interview with Digg founder Kevin Rose, which airs tonight on Current, the Gore-backed cable channel. Current and Digg have been teaming up for a series of election-related events, including a party on election night. But Rose and Gore's acquaintance goes back almost two years. More »
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By Owen ThomasComment by giania: Well either he's multi-account spamming or he's already got immitators because I was recently friended by [twitter.com] who is pimping... more » | Other threads
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media
Current broadcasts worst election coverage ever
Want to watch North Carolina gyrate to a hip-hop beat? Tune into Current, Al Gore's user-generated cable channel. I don't mean people dancing in the streets; I mean an outline of North Carolina pulsating. The channel is carrying, on live TV, headlines you could read on Digg and messages you could read on Twitter, along with video snippets from current viewers. Other than that, it's offering the same kind of exit-poll projections you could get on CNN, but in hot pink and cyan instead of the traditional red-blue-gold color scheme. Digg founder Kevin Rose pops up occasionally with live updates from a San Francisco night club where Current, Digg, and Twitter are hosting an election-night party. It's Web 2.0 in your living room — and it makes me wish I could Brillo-pad the "vision" out of "television."
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By Owen ThomasComment by SupriyaNoodle: I was at the Digg/Current election party at 330 Ritch and this coverage was actually *awesome*. I can imagine how... 2 Responses | Other threads
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100-word version
Why Kleiner Perkins thinks green is the new black
The company that funded Netscape, Google and Genentech is now focusing on electric cars, solar power and biofuels. New York Times contributor Jon Gertner has been meeting with Kleiner partners since last year. His 8,000-word feature in Sunday's paper goes deep on details of a few KPCB investments such as Ausra. But it spends a lot of time framing the story for non-techies outside the Valley. Here's the Sand Hill Road edit: More »
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By Paul BoutinComment by sample032: Outside of the Bay Area, people don't care how green a product makes them look as much as they care... 2 Responses | Other threads
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great moments in journalism
In today's news, I met Al Gore!
GigaOm's Om Malik and Mashable's Pete Cashmore like to present themselves as leaders of a new kind of Web 2.0 journalism. Both turned up at Current TV's offices Friday, ostensibly to cover Current's Twitter-enhanced coverage of the first Presidential debate. Truth is, Current's publicists had called reporters to tip us off that executive chairman of the board Al Gore would be there. Gore didn't bother to use Twitter himself — he didn't even stick around for the debate. But he did take time to pose for photos. More »
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By Paul BoutinComment by Nikongmer: You may have met him but how many people can say they've patted him down? Al Gore has very built... 1 Responses | Other threads
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mysteries
Why won't Al Gore use Twitter?
Missed opportunity: Current TV founder Al Gore dropped in on the start of Friday's "Hack the Debate" event, a partnership with Twitter. Attendees were invited to post updates to Twitter during the debate between Barack Obama and John McCain. Current flashed selected tweets onto the screen over a live feed of the debate. Wired dubbed it groundbreaking. Social media consultant Shel Israel complained the result was "just a bunch of young people making shallow comments." But either way, where was Gore? More » -
great moments in pr
Al Gore's Twitter account still a secret
So Al Gore, who cofounded Current TV, promised to have a Twitter account by Saturday. It's Monday, and the algore and albertgore account don't look anything like they're being maintained by the former American vice president and current free marketeer. If you find him under shouldawon00 or some other catchy handle, do let us know. I couldn't find anything from his wife Tipper, either — tipper is a Twitter bot for calculating tips, and tippergore doesn't exist. And it's for shame. Because how fun would it be if they really embraced the medium, instead of just showing up to press the flesh at staged events? Below, pure speculation as to what we all have to look forward to. More »
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By Jackson WestComment by giania: The day Gore actually uses "lulz" is the day I will have officially seen everything. more » | Other threads
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election
Al Gore Invites You To Heckle The Debates Via Twitter
You know what's really needed at a presidential debate on delicate foreign policy matters and capital markets paralyzed by their own complexity? Random internet heckling via Twitter! Or at least that's what Al Gore's cable network Current believes. Why not turn on Current, if you get it, and fire up Twitter, if you're into it, during the debates, if you're home, and enjoy seeing your 140-character tweets superimposed on Barack Obama as he debates a plastic skeleton. This will save our politics from being subsumed by the celebrity-industrial complex and maybe briefly forestall the rapidly accelerating collapse of our society. Sort of like good old Al Gore himself!
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By Ryan TateComment by Aaron Altman: He'll be watching, feelin' rel'vant. 3 Responses | Other threads
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al gore
Al Gore Buying Plenty?
Portfolio's Jeff Bercovici hears that former VP and current elitist environmentalist Al Gore is planning to buy Plenty, the environmentally-themed do-gooder magazine. Gore's on the cover of the current issue. No official confirmation yet, although Plenty's owner told Bercovici only "that wouldn't be quite accurate." So, sounds true. Did Gore miss all the smart people saying the "green" advertising boom is over? Is he itching to be a mogul past the point of good sense? More »
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Comment by fileunder: So Al Gore III works for Good and Dad wants Plenty? Nuh uh. 2 Responses | Other threads
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venture capital
iPhone app fund rejects 99.8 percent of applicants
"In 6 months, we’ve received over 2,700 plans. That’s about 20x what we received in a similar period last year. Out of that group, we’ve funded five companies." Honestly, I have no idea why Kleiner Perkins partner Matt Murphy has decided to blog about the firm's iFund venture with Apple. KPCB is notorious for doing all its deals through insider connections, not by trolling for ideas on the Internet. (Apple board member Al Gore is also a partner at Kleiner Perkins, so it's not like the firm needs an in.) Murphy concludes, "Stay tuned for a future conversation on mobile monetization and navigating the tradeoffs of free versus paid applications." How about a conversation on navigating Apple's imperious rule of its App Store?
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By Paul BoutinComment by ResearchZilla: btw, here's an updated version of the same podcaster story from cnet: [news.cnet.com] more » | Other threads
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democratic convention
Manifesto From Crystal Pepsi Protesters Upstages Clinton
Remember that guy who got his "Bring Back Crystal Pepsi" sign onto MSNBC while a political analyst was trying to talk about Michelle Obama's big speech or whatever? Well, we heard from his roommate this morning, and asked for some more information on the grassroots political campaign that's already threatening to eclipse both Ron Paul and Ralph Nader. What we got back was a manifesto that could easily be folded into the Democratic Party platform, and probably should, because honestly the convention is already so HARSH, what with all the talk of war and economic depression and sexism and so forth. Also, this Crystal Pepsi thing, along with (OK OK) the other street protests, is probably the closest the convention comes to actual political dialog. Escape the pageantry for the moment and think about important issues, after the jump. More »
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By Ryan TateComment by viola_lee: what? crystal gravy is where it's at. 1 Responses | Other threads
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global warming
Al Gore Demands American Earnestness
Al Gore's incredibly expensive campaign to solve the climate crisis by enriching the advertising industry is still going strong! The Gore-backed WeCanSolveIt.org is running a new ad, and it unfortunately embodies the traits of its sponsor: off-putting earnestness and a befuddling message in support of a worthy cause. This one features various Americans staring creepily into the camera while slogans flash, informing politicians that we "demand" that they "use the wind" to stop global warming or something. A tenth of Gore's $300 million budget spent directly on lobbying would accomplish much more than these ads ever will. Environmentalists have all the good weed—is this as creative as they can get? Watch the Gore-like spot after the jump: More »
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Comment by zkemeny: @Triborough & bilups: Oh goody, the climate retards showed up. more » | Other threads
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steve westly
The greens are just as greedy as the rest of us
A few weeks ago, I highlighted a post by Mathew Honan which pointed to former gubernatorial candidate Steve Westly using his campaign mailing list to promote Akeena Solar without bothering to disclose that he's an investor and sits on the company's advisory board. Which prompted Akeena design consultant Jamie Belliveau to write me personally: "In your recent Valleywag article, are you implying that Steve Westly is doing something wrong by promoting alternative energy solutions in the Bay Area?" Look, I have nothing against renewable energy, but I'm not willing to hand out an ethical free pass just because some wealthy capitalist is in the business of selling solar panels instead of gas-guzzling SUVs. Belliveau disagrees. More »
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By Jackson WestComment by Lizstless: I'm confused. How do you know he's on the board if it wasn't disclosed. Oh right. Because it was disclosed.... more » | Other threads
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cleantech
Al Gore commands America to go fully green — and pad his venture-capital returns
In a speech at Philadelphia's historic Constitution Hall, former veep and current entrepreneur-investor Al Gore called on Americans to produce 100 percent of our energy from fully renewable sources within 10 years. Impossible? Probably. But that won't stop him from playing a latter-day John F. Kennedy: More »
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By Jackson WestComment by MikeTy: @isights: Completely agree. Those who still think it's all a "marketing scam" should definitely read a little more... who do... more » | Other threads
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venture capital
No, Kleiner Perkins won't give your Web 2.0 startup money
In the latest issue of Fortune, a feature about venture capital firm Kleiner Perkins pointed out that the company has yet to make any investments in Web 2.0. The firm which was an early investor in Google has not been so bullish on the likes of Facebook. (The investment in Friendster couldn't have helped.) Instead, it has continued to focus on biotech on the one hand and changed focus to cleantech on the other. Reporter Adam Lashinsky noted that KP didn't even send a representative to the Wall Street Journal's D: All Things Digital conference this year, and relays the bad buzz from Carlsbad: More »
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By Jackson WestComment by Shadowlayer: One thing: funding an energy company, even in it's first round, is way more expensive than a web company. more » | Other threads
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al gore
Right-Wing Media Still Pissed At Al Gore
Some conservative pundits are, all of a sudden, understandably pissed at Democrat Al Gore for — well, maybe for not winning the White House for the liberals eight years ago or something? Or because they are jealous of Gore's Nobel Peace Prize, Oscar, and Emmy. Or maybe because they think Barack Obama will give Gore the once-in-a-lifetime opportunity to someday become vice president. Anyway, Supreme Court Justice Antonin Scalia just told Britain's Telegraph that Gore was a big baby who should have taken his unfair 2000 presidential defeat in stride like a real man, such as Richard Nixon. Since he had to wuss out and ask the Supreme Court to intervene, Scalia can't be held responsible for the ruling that ensued. Kind of a weird take from a guy now pimping a book called "The Art of Persuading Judges." But Scalia is not the only right-winger trashing Gore in the media lately. Here's an amazing, month-old clip in which Gore is accused of crushing the hopes of a Holocaust hero: More »
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By Ryan TateComment by brilliantmistake: I know that this thread has been lost in the mists of time that were Friday afternoon, but I can't... more » | Other threads
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kevin rose
Kevin Rose gushes over Digg-shoppers Murdoch, Diller and Gore
When Diggnation cohost Alex Albrecht said Kevin Rose has "basically plowed through everybody" maybe he wasn't only referring to the Digg cofounder's dating habits. DIgg's gone through quite a few potential buyers over the years, including News Corp., IAC and Al Gore's TV network, Current. Except, as illustrated in this excerpt from Big Think's interview with Rose, there's one big difference between Rose's love life and Digg's many turns on the auction block. More »
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Comment by porterhouse125: Diller is a real class act- always talking about how generous and liberal he is, and then buying one of... more » | Other threads
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copyfight
Did Apple forget to clear Disney rights for music during WWDC keynote?
When CEO Steve Jobs presented the list of countries where the iPhone will be available in the next few months near the close of Tuesday's keynote address at Apple Worldwide Developers Conference, the presentation cued music of "It's a Small World After All" — a song long copyrighted by Disney, on which Jobs sits on the board. However, someone at Disney legal must have asked Apple to excise the music from the copy of the video that's archived online. With the original grabbed from Mahalo Daily's one minute version of the address, we've cut together the two versions for comparison. That saddest part? Now you can't hear the jolly chortle of Apple board member Al Gore!
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By Jackson WestComment by sample032: @OaklandTechie: I know that applies to license fees for cover songs, but I'm not sure about the original. more » | Other threads
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al gore
La Scala To Stage An Inconvenient Truth
The Italian opera house is adapting Al Gore's film. Please suggest lines for the libretto below. [Breitbart]
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By Nick DouglasComment by Conbon: @In Other News...: You forgot the part where we are all crowded around the papier-mache Mother Earth. more » | Other threads
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once you're lucky, twice you're good
L is for Levchin, who never goes slow
Max Levchin, the cofounder of PayPal and the CEO of Slide, measures nearly everything, down to the optimum price to pay for an engagement ring. If he needs a metric for self-importance, Once You're Lucky, Twice You're Good, Sarah Lacy's new book about Web 2.0, provides one. He occupies 78 out of 294 pages, more than anyone else. Here are the index pages for "F" through "M": More »
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By Owen ThomasComment by plushmessiah: It's amazing that this shit is actually called "book". more » | Other threads
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mysteries
What does Mashable's Pete Cashmore do? Al Gore funds an investigation
I've long been fascinated with the ubiquitous gladhandery of Pete Cashmore, the 22-year-old founder of Mashable. And I've been meaning to ask Cashmore what, exactly, he does. Al Gore's cable channel, Current, has saved me the awkward moment. As a video clip shows, Cashmore talks on his cell phone, takes cabs, and meets with Internet luminaries. He claims that this process helps Mashable "get the news." For example? He interviewed Bebo founder Michael Birch days before the company's $850 million sale to AOL. Did his facetime land him the scoop? No. For that matter, Cashmore really hasn't written anything for Mashable in ages. Understandably. Appearing to be a blogger is a full-time job. The full clip: More »
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By Owen ThomasComment by Web2PointOhShit: What I don't get is clearly this is supposed to make me go "oooh Cashmore has such a galamerous life". But... more » | Other threads
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cleantech
Kleiner Perkins closes $500 million green growth fund
John Doerr has closed a half-billion dollars in capital for the new Kleiner Perkins cleantech growth fund, with buddy Al Gore kicking in some dough from his Generation Investment deal. [CNet] (Photo by AP/Paul Sakuma) -
cleantech
Al Gore has another $683 million to spend on climate projects
Former U.S. vice president Al Gore will chair a new $683 million Climate Solutions Fund from Generation Investment Management. The money will be used to seed public and private companies in long-term investments in carbon markets, renewable energy and cleaner fossil fuel use. Generation includes Gore's BFF John Doerr, the Kleiner Perkins venture capitalist, on its advisory board, and has partnered with Doerr's firm in the past. Doerr and Gore are currently raising another $400 million late-stage investment fund for Kleiner. Preaching climate-change end-times sermons can get the creative-capitalist congregation to dig deep when the collection plate comes around.
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By Jackson WestComment by Rachel Marsden: If private companies want to pay hundreds of millions to babysit this clown and keep him away from public office,... more » | Other threads
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cleantech
Al Gore, Kleiner Perkins raising $400 million green fund
John Doerr and Al Gore have been taking their pitch for a new $400 million environment-friendly venture fund to prospective limited partners, and have already hired a veteran investment manager from Goldman Sachs to run it. This fund, which would invest in late-stage — that is, larger — clean energy and carbon reduction projects, comes in addition to the money already reserved for cleantech in KP's $600 million early-stage investment warchest. Helping to scale electric car manufacturing comes to mind — KP just threw some money at Norway's Think Global. And existing ethanol distillers could also benefit. After all, that kind of money would certainly buy a whole lot of Brazilian slave labor. (Photo by AP/Graham Hughes)
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By Jackson WestComment by WagCurious: I too am against global warming, but this guy totally decimated the video I sent to him. I'm not kidding,... more » | Other threads
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environmentalists
Cindy Crawford Will Be The First To Admit That She's No Al Gore
Just in time for its annual "Green Issue" (which, once again, is not printed on recycled paper), Vanity Fair gets supermodel—and super mom—Cindy Crawford to take some time out of her busy schedule and write a stilted and comically self-absorbed article to fill you, the reader, in on what Cindy Crawford is doing about "green" things. It's a word which is "on everybody's tongues these days." She's being harassed by her kids about this stuff! "I guess it's part of living in Malibu," she says. Yes, we'll take your word for it. More »
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Comment by famousauthor: How does she make that hair stand up? With all-natural products? Recycled toilet paper? more » | Other threads
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great moments in journalism
Citizen journalism fails Al Gore
Climate change superstar Al Gore banned the press from his appearance Friday at the tail end of the RSA Conference on information security in San Francisco. The move seemed like a joke: Surely, Valleywag's editors reasoned, the roomful of high-IQ IT professionals carrying wireless communications devices into Gore's presentation would blog, tweet and shoot the whole thing. Gore would be streamed live to Qik via multiple videophones. No need for a pro journalist to sneak into Gore's talk and liveblog it, as I used to do with Steve Jobs keynotes. Web 2.0 had it covered. So what really happened? The only on-time account of the event came from CNET reporter Robert Vamosi, who used his conference speaker badge to get past security. Vamosi posted a thorough report less than an hour after Gore began. Hey Robert, didn't you get the memo? You're supposed to be out of work by now.
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By Paul BoutinComment by harrington: What was there to report? Gore talked about boring threats to our land, seas, and air. Had he... more » | Other threads
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great moments in pr
Press banned from Al Gore's RSA keynote
In the Moscone Center, former vice president and current Valley privateer Al Gore will be speaking at the RSA Conference 2008 today at 2:15 p.m. — but there's no press allowed. There will, however, be hundreds of people with top-of-the-line technology and at least a passing familiarity with cryptography and the like. Hacks in the press room have been overheard discussing plans to sneak in. Valleywag encourages anyone with Wi-Fi, EVDO, a Twitter account with SMS enabled or, better yet, a videophone that can live stream to Qik or another service to let us know where you're posting smuggled coverage of the speech. (Photo by Dan Spisak)
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By Jackson WestComment by Rachel Marsden: @docwho76: Recession? Housing crisis? I live in New York City, dear. I keep waiting for this "recession"... more » | Other threads
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al gore
Too Few Gore Ads?
"I think the global warming project media budget should be 10 times as high... Both Coca-Cola and Pepsi spend over a billion dollars each year to promote brand preference for soft drinks. In this light, the $100 million per year to change our lifestyles seems pretty small." [Times]
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By Ryan TateComment by valet_of_the_dolls: @4_Chan!!!!!11!one: I am not going to change my lifestyle, until I absolutely have to, by which time it'll be too... more » | Other threads
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advertising
Al Gore Realizes Value Of Good Ads Too Late
Former wooden President-elect of the United States Al Gore was on 60 Minutes last night, being frumpy and endearing, as is his wont. His new project is promoting a huge $300 million ad campaign by the Alliance for Climate Protection, which is based on the (correct) theory that we Americans are such lazy, brainwashed zombies that we need a shiny, consumer-friendly ad campaign to convince us to stop choking ourselves with carbon dioxide. The 60 Minutes segment showed Gore visiting the ad agency, and even showed a clip of the ad, which is great free media exposure. Too bad its benefit was canceled out by the bitter taste left by the subsequent mutterings of Andy Rooney. Well, let's all hope this ad thing works so we don't die! After the jump, the first ad, which is Gore-like in its earnestness. More »
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Comment by FitnessMadeSimple: Sigh. Al, global warming is so yesterday. Haven't you heard? Global cooling is the new in thing. more » | Other threads
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one laptop per child
You can't spell OLPC without CEO, kind of
Nicholas Negroponte has come to his senses and realized that he is not a businessman and has no place running the One Laptop Per Child project. "I am not a CEO. Management, administration, and details are my weaknesses. I'm much better at the vision, big-picture side of the house." Yeah, leave the minutae like making a profit and shipping products on time to someone else, and focus on things like going to conferences and schmoozing with Bono. Negroponte's ideal CEO? Former UN Secretary-General Kofi Annan, who will "view the world as a mission, not a market." Ah yes. When I think of successfully run, profitable businesses, I immediately think of the UN. Bravo. Whatever. This guy is an academic, what do you expect? Next thing you know, he'll be asking Al Gore to come on board. OLPC critic and Steve Jobs impersonator Dan Lyons has much more to say about this latest development.
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Comment by Tim Faulkner: Why not name Paul Otellini CEO, that seems easier. (TM) more » | Other threads
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money changes everything
Al Gore's TV Station Can No Longer Lie About Its Finances
Al Gore's Current TV, a "youth-oriented news company," is filing for a $100 million dollar public offering. Which means we all get to find out that apparently Gore's little tv station has been lying about its profitability for three solid years. Fast Company, NewTeeVee, the New York Times, and BusinessWeek all repeated claims by Current reps that the company was profitable. Turns out, not so much. "The youth-oriented news company had a net loss of $9.8 million in 2007, based on revenue of $63.8 million. It lost $7.6 million in 2006 and $14.3 million in 2005. Altogether, Current had $36.5 million in debts as of the end of last year." Why, Al? Why do you continue to lie to us? The wind chill is 30 below back where we're from, we can all see right through your deceptions! [NewTeeVee]
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By PareeneComment by TheBigDoggy: The few times I have tuned into Current, an anonymous retard was babbling nonsense into the camera. Why bother when... more » | Other threads
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loser-generated content
Al Gore's Current files for $100 million IPO
So much for the notion of cheap, user-generated content. Current Media, the operator of the Current TV cable channel and Current.com, hopes to raise $100 million in an IPO. Last year, the company, cofounded by Al Gore and Joel Hyatt, had revenues of $63.8 million and lost $17.1 million. Current's website isn't generating significant advertising, and the company makes most of its money in an old-fashioned way: fees from cable providers. The company is desperately short on cash; as of December 31, it had $2.2 million, and this month, it opened up a $50 million line of credit from JPMorgan Chase, in exchange for the right to take the company public. But the most puzzling thing in the prospectus is this: Current spent $31.4 million on programming and production in 2007. Isn't it supposed to run entirely on submissions from viewers?
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By Owen ThomasComment by Fidel on the Roof: It is like a facebook for tv. Bulls___ hype with no real valuation, purpose and long (heck... short) term viability more » | Other threads
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loser-generated content
Does MTV channel's failure signal trouble for Current?
Barely a year after its launch, MTV is shutting down Flux TV. The U.K. channel was the network's attempt to bring social media to the telly. Users determined which music videos the channel would broadcast, as well as upload their own media. But alas, the audience, used to sitting back and being fed entertainment, didn't care to lean forward. Which brings us to Current, the San Francisco-based cable channel founded by Joel Hyatt and Al Gore. More »
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Comment by katwag: Have you ever watched Current? this is hilarious: [current.com] more » | Other threads
al gore
New York, 11:35 AM
Sat Jul 11
36 posts in the last 24 hours
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