Current Media

Current Media Lays Off 80, Shifts to More Outsourced Content

Authored by Mark Hefflinger on November 11, 2009 - 10:04am.

San Francisco - Current Media, the pay-TV and Web video news outlet co-founded by former Vice President Al Gore, announced on Wednesday that it has laid off 80 employees, and will shift away from short-form and daily in-house production to "proven 30-60 minute formats from a multitude of sources, including acquisitions, co-productions, outside studios, as well as Current developed and produced content." San Francisco-based Current said in a statement that the layoffs did not result from a need to cut costs, as the company "will have its most profitable year," but are about "re-allocating resources in order to put further emphasis on areas of the business believed to best position Current Media for continued long-term growth."

Current Media Taps Former Interpublic Head Rosenthal as CEO

Authored by Mark Hefflinger on July 17, 2009 - 10:04am.

San Francisco - Current Media, the multiplatform media company co-founded by former Vice President Al Gore, on Friday named cable industry veteran Mark Rosenthal as its new CEO. Rosenthal, the former CEO of Interpublic Media and president and COO of MTV Networks, assumed the role from co-founder Joel Hyatt, who has become vice chairman. Rosenthal most recently served as the vice chairman and president of media platforms at Spot Runner.

Al Gore's Current Media Cancels Plans for $100 Million IPO

Authored by Mark Hefflinger on April 13, 2009 - 8:45am.

San Francisco - Current Media, the San Francisco-based media television and Web video network founded by former Vice President Al Gore, on Friday canceled plans for its proposed $100 million initial public offering (IPO). In a filing with the Securities and Exchange Commission (SEC), the company said that it made the decision "in light of current market conditions," adding that it may instead raise funding through a private offering.

Al Gore's Current Media Files for $100 Million IPO

Authored by Mark Hefflinger on January 28, 2008 - 9:55am.

San Francisco - Current Media, the new media TV and Web video network founded by former Vice President Al Gore, on Monday announced plans to file for an initial public offering (IPO) of shares that could raise up to $100 million, according to an SEC filing. Founded in 2002 by Gore and partner Joel Hyatt, Current Media operates a cable TV network and website that feature a mix of professionally-produced and user-generated content, targeted at young adults.