Current TV Cans IPO
Current Media Inc., a San Francisco-based television news and information network for young adults, has withdrawn registration for a $100 million IPO. It cited "current market conditions." The company had planned to trade on the Nasdaq, with JPMorgan and Lehman Brothers serving as co-lead underwriters (the last ammended filing was in May 2008, before Lehman collapsed). Shareholders include Blum Capital Partners, Yucaipa Cos., DirectTV, Comcast and former Vice President Al Gore. www.current.tv
10 April 2009•1 min read
