Current Media, the youth-oriented cable channel founded by former U.S. Vice President Al Gore and Joel Hyatt, has filed for a $100 million initial public offering.
The company aims to trade under the Nasdaq symbol CRTM; neither share prices nor number of shares have been disclosed.
Acknowledging that it has "a history of losses," relies on an "unproven media model," and had an accumulated deficit of $31.9 million at the end of 2007, Current Media is nevertheless pushing forward in the hopes that it will be able to better cover expenses as a public company. Revenues for 2007 were $63.7 million.
Showing posts with label ipo. Show all posts
Showing posts with label ipo. Show all posts
Monday, January 28, 2008
No wonder Al Gore not interested in being president, he is too busy stacking chedder
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