Former Vice President Al Gore’s Current Media has filed to sell up to 100 million bucks worth of stock in an IPO. The company operates a website that distributes content aimed at young adults along with a related cable network, although it has suffered from a lack of carriage agreements in the US.
The company had revenues of 37.9 million and an operating loss of 4.8 million in 2006. Revenues grew to 63.8 million in 2007, with an operating loss of 6.1 million.
Gore is listed as Executive Chairman and Director, with Joel Hyatt (of Hyatt Legal Services fame) as CEO and Director. Former News Corp. exec Mark Goldman is COO.
The preliminary prospectus filed with the SEC identifies JP Morgan, Lehman Brothers and Pacific Crest Securities as the main underwriters. The company plans to trade on Nasdaq as “CRTM.”
