Current TV explores coin options

Net looks for ways ways to raise fresh cash

Current TV is calling on its bankers and advisors at JPMorgan and The Raine Group to explore strategic options, from partnerships and ways to raise fresh cash to a possible sale.

“Current has been approached many times by media companies interested in acquiring our company. This year alone, we have had three inquiries,” the network founded by Al Gore said in a statement. “As a consequence, we thought it might be useful to engage expertise to help us evaluate our strategic options.”

Current, launched in 2005, is keenly aware of its status as a standalone network surrounded by much bigger players, a person close to the company said.

“Around budget season we always think, ‘What do we need to accomplish? How much money do we need to do it.'” The new component here, the person said, is the focus on a strategic partnership.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety