Politics,  Talk Radio

Air America Radio Watch: Air America Radio Files Chapter 11 BANKRUPTCY

AP: Air America Radio Files Chapter 11

Air America Radio, a liberal talk and news radio network, has filed for Chapter 11 bankruptcy protection, a network official told the AP.

The network had denied rumors just a month ago that it would file for bankruptcy, but on Friday Air America said negotiations with a creditor from the company’s early days had broken down.

The network will stay on the air while it resolves issues with its creditors, spokeswoman Jaime Horn told the Associated Press. A formal announcement was expected to be made later Friday.

Brian Malloney has the inside story: Drobny’s Air America Purchase Plan Shelved

airamericaoctober13aweb

The filing is here.

Assets: $4.3 million

Liabilities: $20.2 million

‘Al Franken, Inc.’ is owed $360,749.98

As LEFTY talk radio slinks into the ash bin of history.

Yet, Jeaneane Garofolo must be suffering from DENIAL:

“…Air America was the fastest growing talk radio station in history, 18-35 demo. Sam [Seder] and my show consistently beat out long-standing, right-wing, regressive radio. The problem was we got conned in the beginning by some shysters. It was difficult to recover from that. Then we were plagued by “who’s going to run this thing and do it for no pay?” We’ve never gotten back on our feet from those financial debacles. The myth is that liberal talk radio doesn’t work or can’t work. That’s crap.”

Right…….

Jeaneane – listen up! No one wants to pay money to sponsor the HATE and BS you and Franken and Rhodes are spewing.

Stay tuned…….

airamericanFrankBoatPeteIHi

Linked to Stop The ACLU, Hot Air, Michelle Malkin

Previous:

Air America Watch: Air America Larceny Plea Deals Do NOT Include Jail Time

Air America Watch: Charity Funds Diverted To Air America

Air America Watch: Sheldon and Anita Drobny Poised to Announce their Takeover of Air America?

Air America Radio Watch: No Bankruptcy for Air America

Air America Watch: Air America to Declare Bankruptcy?

Air America Scandal: Boys & Girls Club Have Voted To Drop Bronx’s Gloria Wise Club

Air America Radio Scandal: Gloria Wise Receives Their Money BACK

Air America Scandal: Thomas Montvel Cohen, “Al Franken calling me a crook is a little like the pot calling the kettle black.”

Air America Scandal: Friday Update

Air America Scandal: The SHELDON DROBNY Connection

Air America Scandal: Inside Air America, An Investigative Blog Report Part Two

Air America Scandal: Inside Air America, An Investigative Blog Report

Air America Scandal: Where is Evan Montvel-Cohen?

Air America Radio Scandal: MSM Makes an Appearance

Air America Radio Scandal: New York Times Corrects Al Franken Quote

Air America Radio Scandal: NY Times Gets it WRONG; AP LATE

Air America Radio Scandal: New York Times ….FINALLY

Air America Scandal: Al Franken Blows It Off

Air America Radio Scandal: Payroll Checks Delayed

Air America Radio Scandal: New York Times Where Are You?

Air America Scandal: Boys & Girls Club May Vote To Drop Bronx’s Gloria Wise Club Next Month


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