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Current TV files for $100 million IPO

January 30, 2008 by Veronica Villafañe

Current Media Inc, which owns the youth-oriented TV network founded by Al Gore, is out to raise $100 million in an initial public offering on the Nasdaq stock market.

Gore is executive chairman of the company which owns Current TV, an interactive cable television network which airs viewer-generated as well as professionally produced content.

Current TV, based in San Francisco, was launched in August 2005.

According to a Reuters article on the NYT, the company reported $63.8 million in revenue in 2007, but it also made a net loss of $9.9 million.

Filed Under: TV & Radio Tagged With: Current TV, IPO

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Most recently, a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

She is also a Hispanic media and entertainment contributor to Forbes.

Full bio here
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