The cable network co-founded by former U.S. Vice President Al Gore has been hit by the layoff wave. Current Media announced the elimination of 60 jobs. A source told CNET additional layoffs are coming in January. A Current rep denies this.
Current had announced this week that it partnered with the CBC to bring the network to Canada. Meanwhile, the company’s plan for an IPO is on hold.
It’s expected there will be a change in the programming format of the experimental network, which up until now focused on indie and amateur material. Current TV launched in 2005.