Posted by
Catmman on Wednesday, January 30, 2008 2:09:53 PM
The Goracle fails in television, just as he does in his AGW alarmism (as well as politics). Naturally the argument will be that "it isn't about the money it's about the message, the movement!"
Yeah. A big brown steamy bowel movement...
BTW, if it isn't about the money, why take a $1M salary from a company which is almost bankrupt? I thought corporatism was also evil?
Might as well kick him when he's down, it's Al Gore after all!
From
Newsbusters: (via the
Financial Times)
The company, whose website and television broadcasts feature stories about politics, technology and other subjects designed to appeal to younger viewers, said it would use the proceeds from its IPO to pay down debts and fund a business expansion, according to a prospectus filed on Monday.
Current said it took in more than $63m in revenues last year, an increase of 58 per cent from the year before, with most of the revenues coming from so-called “affiliate fees” paid by cable and satellite companies to carry Current’s television content. Advertising accounted for about $9.9m in sales last year.
Current, which was founded in 2002 but has yet to turn a profit, said its television broadcasts, which feature a combination of professional and user-generated content, reach more than 51m households in the US, UK and Ireland.
Current’s net loss last year was $9.7m, an increase over 2006, but less than the $14.2m loss it recorded in 2005.
Mr Gore, who founded Current in 2002 with Joel Hyatt, a lawyer and Democratic party supporter, earned just over $1m from the company last year.
So basically the Goracle wants the public to waste its money by continuing to pay the salary of an executive whose company hasn't made a dime in six years?
Of course 'greenies' and wacko enviro-nazis (and leftists) will pay.
But I can't wait for this to go the way of Air America.
The Goracle can always blame his failure on global warming right?