Current TV is considering putting itself up for sale after potential buyers approached, company CEO Joel Hyatt said in an e-mail today. “This year alone, we have had three inquiries. As a consequence, we thought it might be useful to engage expertise to help us evaluate our strategic options.” Current, founded by former Vice President Al Gore, has hired JP Morgan Chase and the Raine Group, according to Reuters. Current could also opt for a strategic partnership rather than an outright sale. Current makes an attractive target because it’s available in about 60 million homes in the United States and 70 million worldwide, according to its website. In addition to Gore and Hyatt, its owners include Comcast, Direct TV and venture capital firms.
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This article was printed from http://www.deadline.com/2012/10/current-tv-considers-sale-other-options/