Air America: No Plans for Bankruptcy

AP ^ | 9/14/6 | LARRY McSHANE

[SmithL]

Financially strapped Air America Radio, after star commentator Al Franken said his paycheck had stopped coming, acknowledged Thursday that it had laid off a few employees but insisted it has no plans to declare bankruptcy.

"If Air America had filed for bankruptcy every time someone rumored it to be doing so, we would have ceased to exist long ago," Jaime Horn, a spokeswoman for the liberal talk show network, said in a statement. "It may be frustrating to some that it hasn't happened."

Horn, without getting specific, said there were "a handful of layoffs" that followed a move of the network's New York outlet from WLIB-AM to WWRL-AM, a station with a less powerful signal. The network launched in March 2004.

Franken, broadcasting Thursday from New York, said he was aware of the bankruptcy rumors. "We may or may not, that's what I'm hearing," Franken said at the start of his noon broadcast. But he assured listeners that the financial problems wouldn't silence the network.

"Let me say one thing; if we do go into bankruptcy — I've flown on United (Airlines)," he said. "They went into bankruptcy."

United operated for more than three years before it came out of bankruptcy last February.

Franken, in a recent interviews, said the network was suffering from "a cash flow problem."

"No cash has been flowing to me," Franken,

[SmithL]

So they're going into bankruptcy without a plan.

[philsfan24]

whats air america and who is al franken?

[Red Badger]

a move of the network's New York outlet from WLIB-AM to WWRL-AM, a station with a less powerful signal.

If they aren't planning on bankruptcy, they're doin' a heckuva job getting there just the same!............

[kinoxi]

"Let me say one thing; if we do go into bankruptcy — I've flown on United (Airlines)," he said. "They went into bankruptcy."

Liberal radio doesn't work because liberal logic is behind it.

[Red Badger]

Who is Elf Ranken?

Who is John Galt?.........

[Teacher317]

Franken, in a recent interviews, said the network was suffering from "a cash flow problem." "No cash has been flowing to me," [said] Franken

A decently funny line. I guess he really was a comedian at one point in time!

[wideawake]

Hmmm . . . their top-billed "talent" admits, on the air, that they cannot make payroll - but they claim they won't need to seek bankruptcy protection.

OK.

[dfwgator]

"We are not declaring bankruptcy, in fact, we are achieving record profits, we smash Rush Limbaugh in the ratings."

[ladtx]

We're not going into bankruptcy.

But - if we do - we won't lose stations.

But - if we do - we won't lay off our hosts.

But - if we do - we won't lay off Al Franken.

But - if we do - we won't scam a charity for more money.

But - if we do -------

Yada - yada -yada.

[sappy]

George Soros cash infusion. Incoming.....

[dirtboy]

Franken, in a recent interviews, said the network was suffering from "a cash flow problem." "No cash has been flowing to me," [said] Franken

The market has finally settled on the value of Franken's radio show.

[JRios1968]

Air America: No Plans for Bankruptcy

Seeing their track record when it comes to comparing what they say and what they actually do, I can officially say:

That's it, they're done.

[edzo4]

[308MBR]

Of course, going bust without the protection of declaring bankruptcy as well as having no plan for continued operation is REALLY smart. This is what is called FRAUD in the normal world!

[<1/1,000,000th%]

"It's Frankensteen!"

[samadams2000]

So Al has to be real happy about working for free.?. Its like how the world should be run in his head.

[jpl]

They'll continue to survive solely on the charity of a small handful of super-rich leftists, which is basically what they've been doing from the beginning.

[San Jacinto]

They were giving al franken a pay check? They are more stupid than I thought they were.

[edzo4]

you never know, he may have the liberal entitlement mentality, and think he deserves a check.

[Lucky9teen]

Yeah, and America is not at war, there are no terrorists in Iraq and it's all Bush's fault. Right.

[mak5]

Reading quotes from some of their investors yesterday, some prosecutions would not surprise me. Investors were talking about how they had no communications from the company for months, that they had no idea what was going on, and that they certainly weren't going to put more money into it. Even a Soros must know when he is getting nowhere...he gets a bigger bang for his buck from MoveOn than he does from Err America.

[noname07718]

maybe the Perky one can give them a ratings boost.

[MarkeyD]

What's their exit strategy?

[babaloo]

A Freeper was posting this week that Rush had purchased Air America with some amount of confidence. Guess his check didn't clear. LOL!

[b4its2late]

Sounds like the classic "Arafat's dead..... Arafat's alive!, Arafat's dead..... Arafat's alive!, Arafat's dead..... Arafat's alive!" syndrome we've experienced recently.....

[widowithfoursons]

Someone needs to post someone kicking a dead horse (animated).

[Don Corleone]

"Let me say one thing; if we do go into bankruptcy — I've flown on United (Airlines)," he said. "They went into bankruptcy."

For much the same reasons...bad business plan...stupid leaders.

[IronJack]

we would have ceased to exist long ago,

"In fact, we COULD have ceased to exist long ago, and aside from a few metaphysical paradoxes, no one would have noticed. It's the 'tree falls in a forest' argument: if no one is listening and we stop broadcasting, would we actually cease DOING anything?"

[onedoug]

Air America is a name liberals STOLE from the CIA air arm in Laos, Cambodia and Vietnam during the 1960s.

[anglian]

[traviskicks]

LOL!

[Bubba_Leroy]

Err America is one long paid informercial that the DemocRats use to circumvent campaign finance "reform." It will continue to broadcast at least through the November election.

[conservative in nyc]

So they're going into bankruptcy without a plan.

Well, then it will be up to their creditors to come up with a plan, now wouldn't it?

[SmithL]

...and Al Franken is officially a creditor.

[weegee]

"I have a plan"

[weegee]

[weegee]

BINGO.

Speaking of which, Salon.com is due for another injection of funds...

[edzo4]

al if you could just move all your stuff down to the basement that would be great...

[all_mighty_dollar]

Rush just explained today on his extended internet broadcast - the 4th hour, where he spent his money instead rather than buying Err America.

Given that it is a subscription only broadcast, I am only ripping myself financially if I reveal what he said.

You can sign up today and possibly be able to hear the 4th hour. Plus, you may also be helping reduce subscription increases in the future thereby help your fellow man--me.... and... cultivate a value Rush likes to instill in people.

Thanking U in advance since U imply your checks always clear......

[babaloo]

LOL! I thought the Freeper who claimed to have "inside info" might have been fed a line of you know what. Unfortunatly I do not have AM reception in my office building so I am unable to enjoy any Rush other than checking out this thread from time to time.

[William Tell]

I should start my own radio network.

First, I will raise some money from investors or from publicly supported charities.

Then, I will hire myself as an employee and broadcast my ideas about how to run the world. I will pay myself an annual salary which is twice the amount of money raised from investors.

When the network is out of money and can't pay me, I will simply donate my time for a while in order to generate sympathy for my plight.

Finally, when the network is forced into bankruptcy by unpaid vendors and suppliers, I will join them in claiming my share of any non-existent assets. Of course, I won't collect anything, but I have enjoyed my pay as long as the initial funding lasted.

What a country!

[Fido969]

No Plans for Bankruptcy

"No one EXPECTS the Spanish Inquisition!"

[SmithL]

I'm willing to sell NPR & PBS to Err-America for $1, AND give them a couple of Million Dollars to make a go of it. Then. let's see how they do in the marketplace.

[Libertarian444]

"We may or may not, that's what I'm hearing," Franken said at the start of his noon broadcast. But he assured listeners that the financial problems wouldn't silence the network.

Looks like it's time to loot the Boys and Girls Club again.

[dynachrome]

Happy to oblige:

[widowithfoursons]

Thanks!!!!!!!!!!!!!

[Hillarys Gate Cult]

Let me say one thing; if we do go into bankruptcy — I've flown on United (Airlines)," he said. "They went into bankruptcy."

Well I've flown on Pan Am And Eastern Airlines. Please let us know how well that's working for them.

[A CA Guy]

but insisted it has no plans to declare bankruptcy.

The own nothing and will tell people come and get what is there.

[sig226]

"Let me say one thing; if we do go into bankruptcy — I've flown on United (Airlines)," he said. "They went into bankruptcy."

Is he really trying to suggest that the Bush administration should bail out Air America? Hell, that ought to be a skit on Saturday Night Live.

[JayNorth]

Unfortunately I do not have AM reception in my office building...

Just go to kxnt.com and you can listen to Rush 9:00 a.m. - noon Pacific time.