by Mike Masnick
Mon, Apr 13th 2009 6:35pm
Last year, when Al Gore's Current Media filed to go public, we couldn't figure out how it could possibly have a successful IPO, unless it came from the strength of Al Gore's name alone. The company wasn't profitable, wasn't receiving very much buzz, didn't seem to do anything all that unique, and its big plans to be a cable channel "for the internet age" hadn't been very successful (the internet stuff was a failure, almost all revenue came from the pure cable side). So, now that the IPO has been canceled, the company is conveniently blaming the economy, but you have to think that the company's actual prospects had even more to do with it than anything else. If the company had actually been doing well, I'd imagine it would actually be a good time to go out, as those with money actually are looking for decent buys.
If you liked this post, you may also be interested in...
- UK Gov't Pushing For 10-Year Jail Sentences For Copyright Infringement Based On ¯\_(ツ)_/¯
- UK Intellectual Property Office Plays Up Imaginary 'Toxic' Claim In Grabbing Food Pretending To Be From Somewhere Else
- City Of London Police Fail And Censor Their Way To A Lot More UK Taxpayer Money
- Adding Condoleezza Rice To Dropbox's Board Seems Incredibly Tone Deaf Following NSA Concerns
- Al Gore Throws Hat Into The IPO Ring...