Thursday, January 31, 2008
Looks like Al Gore musta been spendin’ all his money on them fancy bold tags or somethin’:
Al Gore’s Current TV, a “youth-oriented news company,” is filing for a $100 million dollar public offering. Which means we all get to find out that apparently Gore’s little tv station has been lying about its profitability for three solid years.
Fast Company, NewTeeVee, the New York Times, and BusinessWeek all repeated claims by Current reps that the company was profitable. Turns out, not so much.
“The youth-oriented news company had a net loss of $9.8 million in 2007, based on revenue of $63.8 million. It lost $7.6 million in 2006 and $14.3 million in 2005. Altogether, Current had $36.5 million in debts as of the end of last year.” Why, Al? Why do you continue to lie to us?
Hey, take it easy on the old guy. Let’s see what he has to say about the latest warmening science first.