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Al Gore's Current Media Files for $100M IPO (Reuters)
Current Media, which operates a television network and a Web site that distribute content for young adults, filed with U.S. regulators to raise up to $100 million in an initial public offering of class A common stock. The filing did not reveal how many shares the company planned to sell or their expected price.

Metro Newspapers Laying Off 27 (NYP)
Metro International, the London-based freebie newspaper company, said it is firing 27 people at its newspapers in Boston, New York and Philadelphia, after losing more than $10 million during the past year. The company said it hoped to save $4.6 million a year.

Target to the Blogosphere: You're Irrelevant. (NYT)
The cheap-chic retailer sent an abrupt email message to ShapingYouth.org, a blog about the impact of marketing on children, explaining that it couldn't address their questions. "Unfortunately we are unable to respond to your inquiry because Target does not participate with nontraditional media outlets," a public relations person wrote to ShapingYouth.

Internet Radio Goes Mainstream in U.K. (Guardian)
More than 8 million people in the UK listen to web-based radio services every week and nearly 2 million download podcasts on a weekly basis, according to a survey. The Ipsos Mori survey last autumn found that 75 percent of users do not listen to less live radio as a result of listening again online, with 50 percent tuning into new shows as a result.

Confession of a TMZ Junkie (B&C)
Ben Grossman: TMZ as a TV show was an idea so bad it just might have worked. And it has. The syndicated offshoot of the popular celebrity-stalking Website hasn't had stellar ratings in its first season, but it has found a niche, and that's something these days. (Indeed, TMZ reaches 98 percent of the country, with 190 markets sold.)

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