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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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To: chuck_the_tv_out

Good one!


61 posted on 01/22/2010 2:53:36 PM PST by Thebaddog (Shakey Jake said, " The hippies will never survive!")
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To: Persevero

Most liberals I know listen to NPR.


62 posted on 01/22/2010 3:03:22 PM PST by RatsDawg
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To: Persevero

Most liberals I know listen to NPR.


63 posted on 01/22/2010 3:03:29 PM PST by RatsDawg
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To: RatsDawg

How they were not regulated under campaign laws, I don’t know. They existed not to make a profit, but to promote a political agenda while SPENDING MONEY....the literal definition of a campaign ad. You may ask if conservative talk radios would fit this, I say no. They make a profit by selling advertising. When they go bankrupt, they go out of business, not exist by donations.


64 posted on 01/22/2010 3:12:56 PM PST by runninglips (Don't support the Republican party, work to "fundamentally change" it...conservative would be nice)
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To: The Anti-One

Err Amerika dies!


65 posted on 01/22/2010 4:06:15 PM PST by reg45
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To: Gator113
It’s the message, STUPID.

Actually, it's the stupid message.

66 posted on 01/22/2010 4:07:48 PM PST by reg45
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To: The Anti-One

Glad they through their money away on it.


67 posted on 01/22/2010 4:13:21 PM PST by fatima (Free Hugs Today :))
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To: K-oneTexas

Aint it da truth...aint it da truth!!! :)


68 posted on 01/22/2010 5:37:19 PM PST by cubreporter (Scott Brown turned it all around. The people CAN and DID make a difference!!!)
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To: Gay State Conservative

I sort of wonder if it was just a way to get people like Franken into office.


69 posted on 01/22/2010 5:53:11 PM PST by dr_who
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To: ko_kyi
If a tree falls in the forest...

No, 'cause no one was listening.

70 posted on 01/22/2010 6:52:40 PM PST by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: The Anti-One

Prepare for the monopoly of conservative talk radio. Maybe the FCC would revoke Air America’s broadcasting license, but it would force it to operate as a pirate radio station.


71 posted on 01/22/2010 7:04:38 PM PST by myknowledge (F-22 Raptor: World's Largest Distributor of Sukhoi parts!)
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To: The Anti-One

I’m not surprised. How many different ways could they say, “Stupid, idiot(s), poopy-heads, dumb, lame, and Nazi right wing wacko(s)?”

RIP, leftists. Get a life.


72 posted on 01/22/2010 9:18:26 PM PST by Humidston
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To: The Anti-One

After hearing that Air UnAmerican was filing for protection, I turned to the frequency of what was their
affiliate. They were still broadcasting, and he said that, it didn’t make any difference that the network was going out of business. He said that Rhodes and Schulz et al were still going strong, and that the demise of Air UnAmerican wasn’t going to make any difference at all. They could still carry on.


73 posted on 01/22/2010 9:55:25 PM PST by righttackle44 (Is Obama an Italian or Japanese name?)
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To: cubreporter

Who needs a liberal “alternative” when all the MSM channels are farther left than Limbaugh is right? If potential Liberal audience were inquisitive enough to seek out information, they wouldn’t remain Liberal.


74 posted on 01/22/2010 11:28:59 PM PST by jschwartz
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To: cubreporter

Who needs a liberal “alternative” when all the MSM channels are farther left than Limbaugh is right? If potential Liberal audience were inquisitive enough to seek out information, they wouldn’t remain Liberal.


75 posted on 01/22/2010 11:29:08 PM PST by jschwartz
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To: RatsDawg

Yes, and don’t consider it Liberal.


76 posted on 01/22/2010 11:30:56 PM PST by jschwartz
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To: The Anti-One

Epic failure.

Communism just doesn’t sell in America.


77 posted on 01/23/2010 2:20:25 AM PST by chilltherats (First, kill all the lawyers (now that they ARE the tyrants).......)
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To: goldstategop

bwa ha ha ha ha haaaaaaa

good riddance to bad rubbish

I’m only surprised that it took this long

oh, I’m also surprised that “Senator” Frankenstein hasn’t yet made Airheads America a taxpayer-funded branch of NPR.....

hmmmm..... come to think of it, that’s why there was no market even among the left for Airheads America —— they already have NPR


78 posted on 01/23/2010 2:44:18 AM PST by Enchante (Hey Marsha -- you're no Ted Kennedy! ...not even Patches Kennedy! maybe Keith Olberman in drag!!)
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To: jschwartz

Great way to put it.


79 posted on 01/23/2010 6:00:09 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
Al Franken and Rachel Maddow

Air Amerika...Network of.....

.....A "Senator" who needed endless recounts and votes found in trunks of cars

...AND...

.....A rediculous political hack who could make it nowhere else but MSNBC.

80 posted on 01/23/2010 8:52:56 AM PST by SteamShovel (When hope trumps reality, there is no hope at all.)
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