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 ...
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
It’s the message, STUPID.
-(the bought time for libtalk is on another, weaker station)-
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.
“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.”
Who won the pool?
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.
What will Clear Channel do now, where where will they play all the PSA’s they did on the station in Detroit.
Yeah, right, that's why Limbaugh, Hannity, Tom Sullivan, Laura Ingram, and all of Fox are closing. Oh, wait. . . .
OMG it’s like Groundhog Day. I swear, we’ll be seeing this same headline again in less than a year. DIE, already!
ROFL, only if you fail to recognize biased journalism is not wanted by the free market.
Dr. Jeffrey Pelt: Andrei, you've lost another submarine Radio Network?
Rule 32: Enjoy the Little Things
Rule 32: Never interrupt Gibbs during an interrogation :o)
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.
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.
If you look up that tail number, it was a four person fatality. Very Very sad.
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