Home › DMW Daily › April 13, 2009

Al Gore's Current Media Cancels Plans for $100 Million IPO

Authored by Mark Hefflinger on April 13, 2009 - 8:45am.
San Francisco - Current Media, the San Francisco-based media television and Web video network founded by former Vice President Al Gore, on Friday canceled plans for its proposed $100 million initial public offering (IPO). In a filing with the Securities and Exchange Commission (SEC), the company said that it made the decision "in light of current market conditions," adding that it may instead raise funding through a private offering.

The company, founded in 2002 by Gore and partner Joel Hyatt, had announced plans for the IPO in January 2008.

Current Media operates a cable TV network and web site that feature a mix of professionally produced and user-generated content targeted at young adults.

 

Related Links:
http://snipurl.com/ftd7y

http://current.com

Published in DMW Daily, April 13, 2009
tags: Deals | Video | TV | Al Gore | User-Generated | IPOs | Current Media |



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