Times are tough and the Goracle’s nascent media empire – built around the Current cable TV network – and has cancelled plans for a $100,000,000 public stock offering.
“In light of current market conditions, the registrant has determined not to proceed at this time with the public offering,” Current said in an SEC filing. “All activity regarding the proposed public offering has been discontinued.”
Current Media owns Current TV and youth-oriented website Current.com. Gore’s concept was that viewers would submit content to the network and website.
Poor Al Gore. Who else would be dumb enough to invest in a TV network that does the same thing YouTube does? Seriously, it’s such a dumb idea that it’s hard to believe it came from the same guy who invented the internet.
Source: Breitbart
