MattCreamer.com

CurrentTV, the upstart cable network where Al Gore is chairman, is getting ready for a $100 million IPO. Besides further explaining why the former veep isn’t where he many think he should be– that is, on the campaign trail getting attacked by Bill Clinton–what’s most interesting is the SEC filings that give a peek under Current’s hood. The look will quickly dispel any lingering sense that the company was quick to profitability as a few outlets have suggested. (Here’s a Fast Company piece citing analyst research that put margins at 10% on cash flow.)  In reality, Current’s been losing money. 2007 net losses widened $9.8 million from $7.6 million in ‘06. This should be no real surprise for a new media company, but it’s also proof that user-generated content, lean as its production costs might be, isn’t necessarily doesn’t carve out a fast lane to big profits.