Current Media Plans $100 Million IPO

Jan 28, 2008  •  Post A Comment

Al Gore’s Current Media filed plans for an initial public offering to sell up to $100 million in stock.
Current operates a cable TV network that airs mostly user-generated content. It also has a related Web site.
According to the filing, Current lost $9.9 million on revenues of $63.8 million in 2007. Both figures are higher than in 2006, when Current lost $7.6 million on revenues of $37.9 million. Current Media had a total debt of $36.1 million.
The documents said Mr. Gore, a co founder who serves as executive chairman of Current Media, received a salary of $491,667 and a bonus of 4550,000.


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