Gore's Current Media going public

The Wall St. Journal reports Al Gore is taking Current Media, Inc. public with a $100 million initial offering.

Current Media's network, Current TV, and Web site, Current.com, distribute viewer-created videos as well as professional content. Current TV, launched in 2005, is available in about 51 million subscriber households in the U.S., the U.K. and Ireland.

Mr. Gore, who serves as Current Media's executive chairman, co-founded the company in 2002 with Joel Hyatt, who serves as its chief executive. For 2007, both Messrs. Gore and Hyatt received a $491,667 salary and a $550,000 bonus.

Details about the number of shares offered and estimated price range for the IPO weren't disclosed in Monday's filing. The $100 million valuation for the IPO was estimated solely for calculating the registration fee, the filing said. Often, the eventual price terms of an IPO offer differ substantially from the valuation in the first registration.

Hmm... what would I rather be: a media mogul raking in more than a million bucks a year; or president? Hmmm....