Al Gore Throws Hat Into The IPO Ring...

from the not-quite-what-some-were-expecting dept

While there's still some speculation about an Al Gore run for the presidency, it appears he's got bigger fish to fry, such as an IPO for his cable TV station Current Media. Honestly, it looks like a tough sell as an IPO. It's not profitable. There are some serious questions about how viable a business it can be, and its "unique" angles, such as embracing the internet, haven't been all that successful (almost all of its revenue still comes from the TV side). If it succeeds as an IPO, it may be entirely on the strength of Gore's name, which seems like the opposite of what the company should want at this point.

Filed Under: al gore, cable tv, ipo, losses
Companies: current media

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  1. identicon
    Devang, 28 Jan 2008 @ 8:44pm

    I thought it was profitable..

    It seems to have a lot of big name advertisers now and if it isn't profitable yet, it should be very soon. The content is cheap (and very good, I've been watching it since launch) and they have certainly doe better than Fox business for being in the same amount of homes.

    A $100 million IPO on $67 million revenues with 68% growth doesn't seem too bad, but then I know nothing of valuations.

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