|Newsworld International, 5/2004||$70.9M|
|Series A, 7/2005 |
Blum Capital Partners
Yucaipa Corporate Initiatives Fund
CurrentTV, which counts former United States Vice President Al Gore as its Chairman and one of its founders, is a cable news network and online destination that aims to allow its users to dictate and in many cases produce the news programming it puts on air and online. The channel is currently carried in over 51 million households as of January 2008, with distribution via Comcast, Time Warner, DirecTV, Dish Network, Sky, and Virgin Media Cable. In terms of competition, Current competes with both on-air and online news networks like CNN and MSNBC as well as online user-generated content and news sites like YouTube and Digg.
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Current TV is the on-air identity of Current. Carried in over 51 million homes by major cable operators in both the US and the UK, the network is programmed in pods. Pods are 1-8 minute segments detailing various news stories, interesting personalities and events, and other newsworthy happenings. Users can participate through the Current Journalism program, which solicits amateurs to cover and produce pods on various stories. If a user’s submission is approved, it can be aired on the network. In addition, users can help support Current TV’s advertising efforts by creating Viewer-Created Advertisements (VCAMs), which are user-generated ads made in partnership with certain Current TV sponsors.
Current.com is the online extension of Current TV. The site allows for Current audience members to participate in the on-air experience, as well as offering social networking features that allow users to maintain profiles and upload content in the form of Viewpoints and Topics. Current.com underwent a major redesign in 2007 that added many of the features that exist on the site today.