Posted on 10/13/2009 4:58:40 PM PDT by NormsRevenge
Don't be surprised f you see a bunch of pink-slipped Current producers in SOMA, so be nice and buy one a drink.
San Francisco-based Current Media, cofounded by former Vice President Al Gore, is looking to lay off more local employees, according to a source familiar with its plans.
The company laid off 60 employees last year, or about 15 percent of its staff, though promised to rehire some in new positions.
Part of the losses will stem from moving all video production to Los Angeles, or even outsourcing it entirely.
The network made the news when a reporter Laura Ling and producer Euna Lee were imprisoned by North Korea, and only released after a photo opportunity was arranged for North Korean leader Kim Jong-Il with former President Bill Clinton.
Current's original plan was to solicit content from viewers and users of its website, but it ended up producing most of its own content in-house and working with professional production companies instead.
If true, the layoffs and relocation of production would more bad news for San Francisco's film and video scene, which has struggled to attract productions and media jobs.
It's also bad news for Current's investors, who had hoped to cash in with a $100 million public offering of shares, only to see those plans cancelled.
A request for comment from Current has not been returned at this time.
(Excerpt) Read more at nbcbayarea.com ...
Oh oh, looks like somebody needs a government bailout.
Please, don’t give him any ideas!
How sad, compassionate liberal Al Gore balancing the corporate books on the backs of the little guys.
Notice how Gore avoids traveling to his "home" state of Tennessee since he's no longer running for office?
BWAAAAHHHHAAAAHHHAAAAAA!!!!!!!!!!!! I guess the dear leader of NK needed the millions in ransom more than the current employee’s!!!!!!!
BWWAAAAAAAAAAAHHHAAAHHHAAAAHHA
You go algore!!!!!!!!!!!
Wonder if Al paid them their salary for the time they were inprisoned.
but think how much that will reduce their carbon footprint :)
No one could have guessed this would happen!
Personally, I'm shocked. I thought everything Al touched turned to gold.
Isn’t Howard Metzenbaum’s dirtbag son-in-law Joel Hyatt heavily involved with this network as well?
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