Burkle Claims Al Gore's Current Worth $2B

Valleywag:

Supermarket magnate Ron Burkle recently valued Al Gore's Current TV at $2 billion, the New York Times reports. You'd think that Burkle, one of Current's backers, would know when the produce is not quite ripe. By contrast, NBC Universal recently purchased the nine-year-old Oxygen Network for $925 million. Note that ComScore reports Current's site as averaging only 152,000 unique visitors a month. Sure, we should probably expect this kind of thing after Microsoft set Facebook's value at $15 billion. But still. I know the guy won a Nobel Prize and all. But anybody else starting to doubt global warming?

Read the whole story: Valleywag

Comments

[AnnoyedCanuck]

02:41 PM on 11/01/2007

The headline is grossly misleading. It's a lie on its face. I had thought Huffington Post was better than this.

[godlessclif]

08:39 AM on 10/31/2007

If Burkle is so rich, why does he look so unhappy?

[ohiomark]

10:31 PM on 10/30/2007

It's only worth $2 Billion if someone is willing to pay that much for that boring network.

The only benefit to watching "Current TV" is it's cure for insomnia.

[mrcontinental]

05:01 PM on 10/30/2007

What bubble indeed.

When this bubble blows, and make no mistake it will blow, the baby boomers will be saying goodbye to all of their 401(k)s. It the only large accumilation of wealth left to pillage and it will be plundered, with disasterous results to the US economy.

[FreedomCorpse]

12:02 PM on 10/31/2007

I suspect you may be correct on that. Baby boomers seem to have put blinders on when their 401k portfolios reach a few hundred thousand or possibly their total investments a million or more bucks. All that can change very fast with hyperinflation setting in to make what is left even more worthless

[pinca]

03:36 PM on 10/30/2007

Gee, write your headlines a little more carefully, will you? Or did you intend us to read this as meaning Al's personally worth $2B "currently'? It's not as if he owns 100% of Current anyway - Burkle's the money guy behind it.

[Sumocat]

01:23 PM on 11/01/2007

Agreed. I mean, really, would it have been too much trouble to add "is" between "Current" and "Worth" in the headline in order to make it accurate?