Currently In Trouble: After Pulling Its IPO, Current TV Loses CTO
April 13, 2009 at 17:42 PM EDT
Current Media , the peer-to-peer news and information company famously co-founded by former U.S. Vice-President Al Gore , appears to be facing stormy weather lately. After two of its reporters were detained by North Korea in a relatively high-profile incident last month, the startup got criticized (whether justified or not) for remaining deafeningly silent over the matter even when it became clear the arrested journalists were not going to get off easily. Only last Friday we reported that the state of the economy forced Current Media - often referred to as Current TV - to pull its $100 million IPO . Today, word got out that the company has lost its Chief Technology Officer Steven Blumenfeld (former VP of Technology at AOL) to a relatively unknown startup called Sparkplay Media , a venture-backed company readying the launch of a free, three-dimensional MMOG called Earth Eternal . Keep an eye on that one.