Topic: NewsBusters
A Jan. 30 NewsBusters post by Ken Shepherd notes that Current Media, the company co-founded by Al Gore that operates the Current cable channel, has filed for an initial public stock offering, then adds: "Of course, it’s never made a profit and the vast majority of its revenue comes from cable companies paying it for the privilege of carrying Current. ... Paying up the nose with no return on investment to appease the green movement. Sounds a lot like carbon credits."
Funny, when Newsmax filed for an IPO back in 2002, we don't recall anyone at the MRC expressing concern that it had "never made a profit," as we detailed. Further, all cable channels receive those "affiliate fees" that cable companies pay; Shepherd offers no evidence that Current's business model is any different from any other cable channel.
Gore doesn't seem to be doing anything out of the ordinary. So why is Shepherd so desperate to ridicule and smear him?
