Skip to comments.Al Gore's Current TV Withdraws Initial Public Offering
Posted on 04/15/2009 11:07:30 AM PDT by DigitalVideoDude
NEW YORK Current Media Inc, parent of Current TV, the youth-focused television network launched by former U.S. Vice President Al Gore, has withdrawn plans for an initial public offering.
In a letter on Friday advising U.S. securities regulators of its decision, the company cited "current market conditions." Only two IPOs have launched so far in 2009, while 16, including, Current Media, have been canceled.
"It's still early for a young company in this sector to be coming to market with a new issue at this point," said David Joyce, an analyst at Miller Tabak & Co.
"Generally, the market conditions are improving, but the advertising market is still finding its bottom right now."
(Excerpt) Read more at foxnews.com ...
Never knew about Current. Is it the global warming channel 24/7?
Al Gore couldn't find his own bottom with both hands...
I thought it was just a random ‘documentary’ channel. Knowing it’s an Algore creation... it’s off my list.
When I read this line I was reminded of the scene in Animal House, where Greg Marmalard was speaking at the Student Council meeting, while the Delta Tau Chi members coughed a word for bovine excrement under their breath.
I actually attempted to watch a few minutes of their insipid programming...could qualify as torture material if used at GITMO.
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