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Gore to Net a Convenient Profit in IPO

Veep would net $48M on money-losing CurrentTV channel

By Kevin Spak, Newser Staff

Posted Mar 6, 2008 10:56 AM CST

(Newser) – CurrentTV is going public, and that means big money for founder Al Gore. But something about the deal rubs Rob Grover of BusinessWeek the wrong way. Gore is drawing a big salary, even though the little-watched channel is losing money, and the share distribution is... Read full story »

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Al Gore • shareholders • IPO • Current TV • corporate governance • Class B shares • populist media

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Gore's Media Co. Is Going Public

Viewer-generated video channel registers to sell $100M of stock

(NEWSER) - Current Media will soon become even more public: The viewer-created cable TV network, co-founded by Al Gore in 2005, filed an IPO today. The young adult-oriented company registered to sell up to $100 million in class A common stock, but the price range and number of shares weren’t disclosed—and don’t necessarily correlate with the registration fee, the Wall Street Journal reports. More»

Meet Al Gore's New Girlfriend

Elizabeth Keadle is a longtime Democratic donor

(NEWSER) - Almost two years after Al and Tipper Gore announced their split, the former vice president has a new serious girlfriend. Elizabeth Keadle, called Liz, is a Democratic donor with a passion for the environment. And the Washington Post makes her sound like quite the catch, describing her as "independently wealthy, discreet, age-appropriate. All good things, if you’re one of the most famous men in the world." She lives in Southern California, is in her 50s, and is serious enough with 64-year-old Gore that she traveled with him (and, quirkily, Jason Mraz and Tommy Lee Jones) to Antarctica this year on a climate change awareness trip. More»

Olbermann's $70M Lawsuit Accuses Current TV of 'Blackmail'

Current calls suit 'false, malicious'

(NEWSER) - Keith Olbermann has filed a $70 million lawsuit against Current TV accusing his former employer of "blackmail," and blasting co-founders Al Gore and Joel Hyatt as "dilettantes." The angry 43-page complaint claims that Gore and Hyatt wooed him with promises that he would be his own boss. But then Hyatt began running Olbermann's program as his "personal hobbyhorse," and "major business errors became commonplace and acceptable," according to the suit. Two weeks before Countdown began, says the suit, Hyatt threatened to shut it down unless Olbermann reined in his representatives after Hyatt accused Olbermann's manager of leaking contract details to the Hollywood Reporter—triggering claims in the lawsuit that the threat amounted to "blackmail." More»

Current TV Leaks Unflattering Email on Olbermann

It recounts on-set temper tantrum; former host files suit

(NEWSER) - The Keith Olbermann chronicles continue: The Daily Beast got hold of an internal email from a Current TV staffer relaying a little temper tantrum Olbermann reportedly had on set. It's not all that dramatic—he got angry over tech problems and threw a mug that shattered against a wall, according to the email—but it's another sign that "both sides seem intent on painting an unflattering picture of the other," writes Howard Kurtz. (Olbermann went on Letterman earlier this week.) More»

Olbermann Going on Letterman Next Week

Newly fired Current TV host scheduled for Tuesday

(NEWSER) - Keith Olbermann will appear on David Letterman's show next week, giving him a chance to explain his side of the story and/or take some more public jabs at his former bosses at Current TV. Olbermann, who got fired yesterday amid a feud with network founders Al Gore and Joel Hyatt, is scheduled to appear on Tuesday, notes the Hollywood Reporter . If the first day's volleys are any indication—basically, 'You're ethically challenged' and 'No, you are'—this could be a long and nasty fight. More»

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Gore to Net a Convenient Profit in IPO

Veep would net $48M on money-losing CurrentTV channel

Al Gore • shareholders • IPO • Current TV • corporate governance • Class B shares • populist media

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Gore's Media Co. Is Going Public

Viewer-generated video channel registers to sell $100M of stock

Meet Al Gore's New Girlfriend

Elizabeth Keadle is a longtime Democratic donor

Olbermann's $70M Lawsuit Accuses Current TV of 'Blackmail'

Current calls suit 'false, malicious'

Current TV Leaks Unflattering Email on Olbermann

It recounts on-set temper tantrum; former host files suit

Olbermann Going on Letterman Next Week

Newly fired Current TV host scheduled for Tuesday

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