Current TV to lay off 80 employees

November 11, 2009 3:51:21 PM PST
Al Gore's Current TV says it is laying off 80 employees and says the layoffs have nothing to do with cutting costs.

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In fact, it says, this is its most profitable year it has had. The company is also consolidating operations and plans to run the cable channel out of Los Angeles.

Current TV Reporters Laura Ling and Euna Lee were held captive in North Korea this year until former President Clinton won their release.

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