by Mike Masnick
Mon, Jan 28th 2008 5:42pm
While there's still some speculation about an Al Gore run for the presidency, it appears he's got bigger fish to fry, such as an IPO for his cable TV station Current Media. Honestly, it looks like a tough sell as an IPO. It's not profitable. There are some serious questions about how viable a business it can be, and its "unique" angles, such as embracing the internet, haven't been all that successful (almost all of its revenue still comes from the TV side). If it succeeds as an IPO, it may be entirely on the strength of Gore's name, which seems like the opposite of what the company should want at this point.
If you liked this post, you may also be interested in...
- Time Warner Cable CEO: Cable TV Pricing Is So High Because We're The Mercedes Of Entertainment
- Comcast CEO Admits You 'Can't Keep Raising Prices Forever,' But Seems Intent On Trying Anyway
- IP Enforcement Czar Wants To Hear From You About Government's IP Enforcement Plan
- FCC May Finally Act To Ease The Pain Of Stupid Cable TV Content Negotiation Blackouts
- Current Blames Economy For No IPO... But, Lack Of Profitability May Have Been A Bigger Issue