Current MediaCurrent Media Lays Off 80, Shifts to More Outsourced ContentAuthored 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 CEOAuthored 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 IPOAuthored 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 IPOAuthored by Mark Hefflinger on January 28, 2008 - 9:55am.
|
Upcoming DMW Events
December 8, 2009 | Santa Monica, CA www.lafilmconference.com
January 8, 2010 | Las Vegas, NV www.digitalmediainsider.com
Feb. 24-25, 2010 | New York, NY www.digitalmusicforum.com Events Calendar Submit a Speaker To receive event updates & announcements:
NavigationUser loginAds |
Daily Newsletter and NetworkingLatest Top Stories
DMW Widget - Grab it and embed!Latest Briefly Noted
PollOther Ads |
Recent comments
3 days 3 hours ago
3 days 4 hours ago
3 days 5 hours ago
3 days 13 hours ago
3 days 14 hours ago
4 days 12 hours ago
4 days 19 hours ago
5 days 3 hours ago
5 days 3 hours ago
1 week 1 day ago