had filed to undertake an IPO that it hoped would raise $100m (£67.2m) to fund its expansion. It has now been cancelled because of market conditions.
In a statement filed with the US financial regulator the Securities and Exchange Commission, Current Media said: "In light of current market conditions, the registrant has determined not to proceed at this time with the public offering contemplated by the registration statement."
The company said they may undertake a subsequent private offering to raise the required funds.
Current Media was set up in 2005 by former US vice-president Al Gore and Joel Hyatt, CEO. It only carries user-generated programming, and is aimed at a young audience.
It covers political satire, music news and insights into global news stories.
The channel reaches 58m homes globally via cable and the internet. Late last year it made around 30 staff redundant in its US offices.
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