Posted on 01/21/2010 6:44:31 PM PST by God luvs America
Air America, the long-suffering progressive talk radio network, abruptly shut down on Thursday, bowing to what it called a “very difficult economic environment.”
The chairman of Air America Media, Charlie Kireker, said in a statement that the company would file under Chapter 7 bankruptcy “to carry out an orderly winding-down of the business.”
In a troubled time for advertising-driven media businesses, “our painstaking search for new investors has come close several times right up into this week but ultimately fell short of success,” Mr. Kireker said.
The closing did not come as a surprise. Air America, which began six years ago and has 100 affiliated stations, cycled through a number of owners and never found its financial footing. It first filed for bankruptcy protection in 2006 but managed to stay on the air.
“The fact of the matter was, it was always a very challenging business proposition, and it never had the right management,” said Sam Seder, who hosted programs on Air America until last year.
(Excerpt) Read more at nytimes.com ...
Don’t celebrate guys . The Fairness Doctrine is next , half of it is already in planning and ready to roll. Obama KNOWS the only way he will get his way is to stifle the opposition.
Look into the plans for Fairness Doctrine is you want to really get sick..Mark my words they have BIG BIG plans already in the work to take down talk radio.
They failed because they sucked at what they did an no one listed.They will however be back on within 2 years subsidized by the government with the new fairness doctrine . Mark my words
If they didn’t print this story in the newspaper, who would know?
Oh, how I’ve been waiting for this day.
Gee. Where is PSNBC gonna recruit all their new talent from now?
so long suckers ! I shall shed not a tear , but somehow I gotta go pee .....
What niche did Air America fill that wasn’t already filled by NPR on radio and by the MSM on TV?
Air America would have had to play to the people who think Obama isn’t liberal enough. And campus radio plus a few webcasters already have that market covered.
Air America was doomed from its first sign-on.
Err America failed because few people willingly listen to communist propaganda.
I love the fact that even the Slimes has to explain to its readers what Air America is.
Or was.
Run out of orphan’s funds to plunder... Tough break!
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