I'm all for the liberals having their own radio station, too. It's much easier to expose the fallacies of their arguments when idiots like Randi Rhodes are getting significant airtime. However, a liberal radio station just isn't viable in the real world. Talk radio is dominated by conservative voices because of consumer demand - conservative radio sells, liberal radio doesn't. Financing fiascoes aside, Air America doesn't have a shot because there's just no market for it. If somebody wants liberal news, they just have to buy the NY Times or flip on CNN.
Oh brother...
Can't the media tell the truth here? 'Reorganization to remove debt load' has another name - Chapter 11, of the Bankruptcy Code.
If it were a conservative media outlet, the papers would be trumpetting 'Conservatives Declare Chapter 11'.