Current TV (Gore's channel)

Keith Olbermann is rumored to be announcing Tuesday that he is joining Al Gore's struggling network Current TV. The New York Times reported moments ago:

Andrew Wallenstein at The Hollywood Reporter suggests more than Al Gore's marriage is crumbling. Gore's cable channel Current TV is facing a dramatic makeover with an injection of MTV executives. Wallenstein tried to sugarcoat the inconvenient truths: For all the brilliance he has displayed grasping the meteorological dynamics governing the globe, Gore has miscalculated those of a slightly less…

Well, they held out as long as the could. But now that the presidential election is over, layoffs in the news business have begun.Newsosaur predicted as much on the Sunday before the election, and pointed to a major reason:Public confidence in the mainstream media has been eroding for at least a decade. The Pew Research Center for the People and the Press reported that only 19% of respondents…

From yesterday's Financial Times: Current Media, the online media company co-founded by Al Gore, the former US vice-president, on Monday said it planned to file for an initial public offering that could see it raise up to $100m. Of course, it’s never made a profit and the vast majority of its revenue comes from cable companies paying it for the privilege of carrying Current (emphasis mine…

Are overtly liberal media ventures like Air America or Al Gore's Current TV doomed to failure? Yes, according to NBC Universal president Bob Wright.The media exec ventured this opinion during an interview with his MSNBC employee Tucker Carlson at a media symposium. Broadcasting & Cable gives this account:Carlson made a suggestion: Why not start a channel that overtly caters to liberals? "…