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Air America Radio closing, filing for bankruptcy
Yahoo/AP ^ | RYAN NAKASHIMA

Posted on 01/22/2010 9:26:33 AM PST by The Anti-One

LOS ANGELES – Air America Radio, a radio network that was launched in 2004 as a liberal alternative to Rush Limbaugh and other conservative commentators, on Thursday shut down abruptly due to financial woes.

The network once boasted hosts such as Al Franken and Rachel Maddow, but struggled from the outset, including multiple management shake-ups, a bankruptcy in 2006 and sale for $4.25 million the following year.

Air America ceased airing new programs Thursday afternoon and said it will soon file to be liquidated under Chapter 7 bankruptcy. It began broadcasting reruns of programs and would end those as well Monday night.

"The very difficult economic environment has had a significant impact on Air America's business. This past year has seen a `perfect storm' in the media industry generally," the company said in a statement on its Web site.

The New York-based network said its "painstaking search for new investors" came close to succeeding even this week, "but ultimately fell short."

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Announcements; Breaking News; Business/Economy; News/Current Events
KEYWORDS: airamerica; bankruptcy; braking; liberal; liberaltalkradio; progressive
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What a shame.

On another note. Please forgive me if this has already been posted. I did a search and didn't find it.

1 posted on 01/22/2010 9:26:34 AM PST by The Anti-One
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To: The Anti-One

Fail


2 posted on 01/22/2010 9:27:29 AM PST by Col Frank Slade
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To: The Anti-One
Obamaism is so popular in America Air America had to close its doors!

"Show me just what Mohammed brought that was new, and there you will find only things evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelogus

3 posted on 01/22/2010 9:27:52 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: The Anti-One
Frankenstein got out just in time.I'll wager he's French kissing his lawyers from last November at this very moment.
4 posted on 01/22/2010 9:28:42 AM PST by Gay State Conservative (Host The Beer Summit-->Win The Nobel Peace Prize!)
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To: The Anti-One

Maybe Senator Al Franken can rush through a bill to support them as necessary propaganda a la NPR.


5 posted on 01/22/2010 9:29:10 AM PST by TheClintons-STILLAnti-American (ND LE)
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To: The Anti-One

They couldn’t cut it.
Period.
No credible hosts or hostess.
No substance.
No message.
No personality
No character
No dignity ...just look at those who were involved
No LISTENERS!!!!!


6 posted on 01/22/2010 9:29:38 AM PST by cubreporter (Scott Brown turned it all around. The people CAN and DID make a difference!!!)
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To: The Anti-One
It's been a good week for America. Don't get complacent, don't quit, and don't stop.

But you can and should take a moment to enjoy what has went well this week.

7 posted on 01/22/2010 9:29:58 AM PST by lovecraft (Specialization is for insects.)
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To: The Anti-One

Capitalism works.

The only reason NPR is still on the air with its current hosts/format is because it is taxpayer funded.


8 posted on 01/22/2010 9:30:31 AM PST by Persevero
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To: The Anti-One
So, they are now officially bankrupt both intellectually and monetarily.
9 posted on 01/22/2010 9:30:49 AM PST by Reaganesque ("And thou shalt do it with all humility, trusting in me, reviling not against revilers.")
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To: The Anti-One

.......... Augured in 1/21/10 ..........

10 posted on 01/22/2010 9:32:15 AM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: Col Frank Slade

Big fail.


11 posted on 01/22/2010 9:32:43 AM PST by darkangel82 (I don't have a superiority complex, I'm just better than you.)
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To: cubreporter

Business ventures come and go. Usually they do not provide what the customer wants.

Customers are smart sometimes, contrary to liberal beliefs.


12 posted on 01/22/2010 9:33:05 AM PST by K-oneTexas (I'm not a judge and there ain't enough of me to be a jury. (Zell Miller, A National Party No More))
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Uhh,, Line 1 ,, Hullo Hullo.. Anybody there?

Somebody want to place a test call?

13 posted on 01/22/2010 9:34:11 AM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: lovecraft

Absolutely don’t get complacent. THEY ARE GOING TO PUSH 0BAMACARE THROUGH THIS WEEKEND! Call the Congressional switchboard this Friday! Swamp them with your faxes and phone calls and emails.


14 posted on 01/22/2010 9:35:18 AM PST by FrdmLvr ("The people will believe what the media tells them they believe." Orwell)
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To: The Anti-One

The Landing of Err America.

15 posted on 01/22/2010 9:35:36 AM PST by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: The Anti-One
So sad.
16 posted on 01/22/2010 9:35:49 AM PST by GOP_Party_Animal
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To: The Anti-One
Air America was still on? Who knew?
17 posted on 01/22/2010 9:36:56 AM PST by colorado tanker
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To: The Anti-One
the next in line is the Federal Gov.
18 posted on 01/22/2010 9:37:10 AM PST by FreeperFlirt
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To: The Anti-One

Geez, what a surprise...especially since America is so solidly left...just ask the MSM...


19 posted on 01/22/2010 9:37:32 AM PST by jessduntno (Leftists have killed 200+ million people in a hundred years. Not bad, for Government work!)
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To: The Anti-One

I know that no one saw jailtime but did they ever pay BACK the childrens’ charity they stole money from to stay on the air?


20 posted on 01/22/2010 9:38:50 AM PST by a fool in paradise (Keep on truckin', Senator Brown.)
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To: The Anti-One

21 posted on 01/22/2010 9:39:22 AM PST by scottdeus12 (Jesus is real, whether you believe in Him or not.)
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To: The Anti-One

Yup has been posted but that’s ok

In a 2005 interview with the Boston Globe Jon Sinton of Air America predicted ‘in five yrs we’ll be on 600 stations’.
No, in five yrs they are gone.

Sweet: They had been on Clear Channel’s AM 1200 in Boston for 2 yrs but switched to Spanish. Someone had to buy time to put prog talk on in Boston (it’s on, but no ratings). As for AM
1200 the power increase/tower move they’d waited for back then finally happened, and by April talk will be back:

BECK...RUSH...HANNITY...

CC realizes they need to make money. Sorry libtalk fans


22 posted on 01/22/2010 9:39:35 AM PST by raccoonradio
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To: The Anti-One

It’s the message, STUPID.


23 posted on 01/22/2010 9:40:16 AM PST by Gator113 (Obama is America's First FAILED "light skinned African American [Pres-dent] with no Negro dialect..")
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To: raccoonradio

-(the bought time for libtalk is on another, weaker station)-


24 posted on 01/22/2010 9:40:17 AM PST by raccoonradio
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To: TheClintons-STILLAnti-American

You always do things the hard way. I hear that Voice of America has not advanced pro-American views on foreign shores for some time. Might as well add the Air Americants to the staff of VOA.


25 posted on 01/22/2010 9:40:25 AM PST by a fool in paradise (Keep on truckin', Senator Brown.)
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To: The Anti-One

“It is with the greatest regret, on behalf of our Board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the Company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business.”


26 posted on 01/22/2010 9:42:08 AM PST by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: The Anti-One

Who won the pool?


27 posted on 01/22/2010 9:43:40 AM PST by paulcissa (The first requirement of Liberalism is to stand on your head and tell the world they're upside down)
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To: Gay State Conservative

Since the Dems no longer benefit from Frankens 60th vote, maybe they could take him snipe hunting or sumthin and just leave him in the woods somewhere.

I’ve little doubt he’s despised by the elites in the Senate beyond his dutiful votes.


28 posted on 01/22/2010 9:44:21 AM PST by digger48
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To: raccoonradio

What will Clear Channel do now, where where will they play all the PSA’s they did on the station in Detroit.


29 posted on 01/22/2010 9:44:36 AM PST by Springman (Rest In Peace YaYa123)
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To: The Anti-One
"The very difficult economic environment has had a significant impact on Air America's business. This past year has seen a `perfect storm' in the media industry generally," the company said in a statement on its Web site.

Yeah, right, that's why Limbaugh, Hannity, Tom Sullivan, Laura Ingram, and all of Fox are closing. Oh, wait. . . .

30 posted on 01/22/2010 9:55:01 AM PST by hsalaw
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To: The Anti-One

OMG it’s like Groundhog Day. I swear, we’ll be seeing this same headline again in less than a year. DIE, already!


31 posted on 01/22/2010 9:59:18 AM PST by TruthHound ("He who does not punish evil commands it to be done." --Leonardo da Vinci)
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To: The Anti-One

http://www.youtube.com/watch?v=_hZrXdJ-ibo&feature=related


32 posted on 01/22/2010 10:01:27 AM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: The Anti-One
This past year has seen a `perfect storm' in the media industry generally,

ROFL, only if you fail to recognize biased journalism is not wanted by the free market.

33 posted on 01/22/2010 10:06:17 AM PST by New Perspective (My 6 yr old son has Down Syndrome, are you going to kill him too Obama?)
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To: The Anti-One
Ambassador Andrei Lysenko: One of our submarines, an Alfa, was last reported in the area of the Grand Banks. We have not heard from her for some time.

Dr. Jeffrey Pelt: Andrei, you've lost another submarine Radio Network?

34 posted on 01/22/2010 10:14:54 AM PST by MindBender26 (Prezdet Obama is what you get when you let the O.J. jury select a president !)
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To: lovecraft

Rule 32: Enjoy the Little Things


35 posted on 01/22/2010 10:25:18 AM PST by myself6
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To: myself6

Rule 32: Never interrupt Gibbs during an interrogation :o)


36 posted on 01/22/2010 10:30:21 AM PST by glock rocks (Wait, what?)
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To: The Anti-One

Sorry, the tears just won’t come. They should have listened to the dogs a long time ago...if they don’t eat it, they don’t like it.


37 posted on 01/22/2010 10:42:35 AM PST by JPG (Mr. Gore, we have a warrant for your arrest...put your hands behind your back.)
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To: jessduntno

I’ve always wondered that. If America was so “progressive, liberal”, etc., then why are so many talk show hosts conservative?

They failed in the radio marketplace of ideas.

I don’t know if anybody agrees 100% with Rush, Hannity, etc. , but they take liberal callers and talk about issues in depth.

The few times I heard Air America, they screeched about Bush “WORST — PRESIDENT — EVER” and were spouting bumper sticker slogans like that. I think Air America had a lack of intellectual depth to their programs and hosts. They didn’t discuss the issues in a good way. It was mostly bumper sticker pablum.


38 posted on 01/22/2010 10:44:03 AM PST by Dilbert San Diego
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To: theDentist

If you look up that tail number, it was a four person fatality. Very Very sad.


39 posted on 01/22/2010 11:01:11 AM PST by DariusBane (Even the Rocks shall cry out "Hobamma to the Highest")
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To: Dilbert San Diego
I listened to Air America just once. Some caller dialed in and said he wished someone would frag George Bush (then president) with a white phosphorus grenade such that he would die a slow and painful death. The host of the show laughed heartily (the caller was not kidding) and went to the next caller. It was the sickest thing I ever heard on the radio, and the host was supportive.
40 posted on 01/22/2010 11:03:11 AM PST by Gabrial (ObamaCare: The efficiency of the Post Office, the compassion of the IRS, the costs of the Pentagon)
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To: The Anti-One

Don’t forget that short little sawed-off lesbian with the glasses and two first names. Janeanne, the comedienne who wasn’t ever funny.


41 posted on 01/22/2010 11:20:26 AM PST by Thebaddog (Shakey Jake said, " The hippies will never survive!")
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To: The Anti-One

If a tree falls in the forest...


42 posted on 01/22/2010 11:34:10 AM PST by ko_kyi
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To: The Anti-One

The bad news is that they will try to push for the Fairness Doctrine


43 posted on 01/22/2010 11:41:51 AM PST by ari-freedom (Obamacare: nananana nananana hey hey hey goodbye!)
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To: JPG

In the cogent words of Jo Dee Messina:

“Nope, Sorry; My Give-A-Damn’s busted!”


44 posted on 01/22/2010 12:00:05 PM PST by Right Winged American (No matter how Cynical I get, I just can't keep up!)
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To: Springman

If they switch from Air America to something else, those PSAs will be replaced by ads. Don’t worry, the PSAs will get aired. Even on successful stations (like conservative talk ones) there are ad buy lulls, like right now, and you’ll hear more PSAs..after the big Christmas buy, advertisers back off a little bit.

On Air America the advertisers didn’t show up at all


45 posted on 01/22/2010 12:05:49 PM PST by raccoonradio
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To: The Anti-One

What the One didn’t give them a bailout? everyone else that supported him got one!


46 posted on 01/22/2010 12:13:35 PM PST by tallyhoe
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To: The Anti-One

47 posted on 01/22/2010 12:18:43 PM PST by paulycy (Demand Constitutionality.)
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To: paulycy

is that the barako bomber we’ve been hearing so much about?


48 posted on 01/22/2010 1:06:47 PM PST by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds)
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To: Thebaddog
"Janeanne, the comedienne who wasn’t ever funny."


49 posted on 01/22/2010 1:08:25 PM PST by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds)
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To: The Anti-One


“The very difficult economic environment has had a significant impact
on Air America’s business. This past year has seen a `perfect storm’
in the media industry generally,” the company said in a statement on
its Web site.

Incredible.
The UberLiberals bow to the no-nonsense marketplace.

I’m suprised that Obama and Co. didn’t engineer a taxpayer-funded bailout.


50 posted on 01/22/2010 1:14:16 PM PST by VOA
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