TV

Current TV Files For IPO

By Neal on January 29, 2008 2:50 PM

Al Gore’s Current TV has filed a prospectus with the SEC to offer a $100 million IPO. J.P. Morgan Securities, Lehman Brothers and Pacific Crest Securities are underwriting the IPO. No word on how many shares Current is expecting to sell or on their expected price.

Current TV currently owes more than $36.5 million in debts and accured interest and the firm is aiming to pay off the debts via IPO. Since Current TV’s 2002 founding, the network has yet to make a profit.

RELATED:

Comments
Share
MEDIABISTRO EVENTS

Get Social Media Marketing Secrets from Experts

Create a social media strategy, launch your campaign, and track the results in our Social Media Marketing Boot Camp starting February 16. The online event and workshop will feature speakers including The Onion‘s Baratunde Thurston (left), Facebook’s Morin Oluwole, and bitly’s Tim Devane. Register now.