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.
