Current TV, the DIY cable network where the viewers are largely responsible for the content, is not doing so well these days. Al Gore’s pet project is facing a lack of content, a lack of advertisers, and a general lack of interest from the populous. An interesting report has come out describing talks between Google and the former Vice President over a possible sale, dating as far back as 2007.

Supposedly, the price on the table was somewhere between $400 – $500 million, but alas, not even Gore’s close ties to Google co-founders Larry Page and Sergey Brin. It is not entirely surprising that the deal never went through, given the time frame. Google had just purchased Youtube the year before for a whopping $1.65 billion dollars in stock, and at the time showed no interest whatsoever at branching out into the world of Television.

Which brings us to the present day, where Google’s former platform-only philosophy has gone the way of the Dodo in light of the hugely successful Android OS, and the forthcoming Google TV. There is no indication that Google has renewed talks to acquire Current TV, especially given the current troubles plaguing the cable network. Still, given the fact that Google TV is a mere few months away from launch, is it possible the search giant might be taking another look at making a buy?

The timing would make perfect sense, and would give GTV a unique platform for presenting original content. However, even a financial powerhouse the likes of Google may not be able to save Current TV. A complete re-structuring and re-branding of the network is needed for it to become viable again, a risk that may ultimately prove to be not worth taking.