/// What Would A Sale Mean for Current TV?

October 26, 2012  |  Media Week

Al Gore and Joel Hyatt's Current TV—the network that hired Keith Olbermann out of his post-MSNBC free-fall, then quickly parted ways with him—is reportedly up for sale. A spokeswoman for the network confirmed that Current has entertained three seperate offers this year and is also seeking a new round of funding to give it a much-needed boost. The network may also cast around for a joint venture with a larger media partner. With carriage in some 60 million households, Current is a long way from full distribution, but still has enough reach to be a desirable location for a network looking to take off—there's only so much linear real estate on the dial, after all. Current itself has never quite managed to take off. It experienced a brief surge during the beginning of Olbermann's tenure, but that didn't last long.

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