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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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