There has been a lot of talk about the death of the TV business over the past 10 years.
And the TV business is indeed beginning to change in ways that will change the status quo for TV companies, especially networks.
But those changes are happening slowly.
And in the meantime, it's business as usual in the TV industry, which means coining money at a rate that is almost unfathomable to anyone who works in the print or digital-media or even radio businesses.
Case in point?
A cable TV network that no one watched, Al Gore's Current TV, just sold for $500 million.
Okay, it's an exaggeration to say that no one watched Current, although that's exactly what the network's best-known host, Eliot Spitzer, recently told the New York Times' Brian Stelter, but it's not an exaggeration to say that Current's ratings were lousy.
The ratings were so lousy, in fact, that the network was at risk of getting dropped by Time Warner Cable (TWC).
Nor was the programming that Current TV produces attractive toRead More »from Al Jazeera Buys Al Gore’s Current TV for $500M