Current Media Inc

Current Media Inc., the television news network and website co-founded by former Vice President Al Gore, said it would raise as much as $100 million in an initial public offering. The San Francisco firm will use the proceeds to repay debt of $36.5 million and for working capital and general corporate purposes, according to a regulatory filing.

Current Media Inc., the television news network and website co-founded by former Vice President Al Gore, said it would raise as much as $100 million in an initial public offering. The San Francisco firm will use the proceeds to repay debt of $36.5 million and for working capital and general corporate purposes, according to a regulatory filing.

SAN FRANCISCO - Meet Nick D'Aloisio, the 17-year-old British entrepreneur who just sold his popular news-reading app to Yahoo Inc. for close to $30 million, instantly becoming one of the world's youngest self-made millionaires. It's the classic Silicon Valley success story of a young software prodigy striking it ridiculously and improbably big. But this time the spotlight is shining on the other side of the pond. D'Aloisio, who taught himself to write software at age 12, built the free iPhone app Summly - which automatically summarizes news stories for small screens - in his London bedroom in 2011.