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
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…….
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: 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
Technorati Tags: AirAmerica, GloriaWiseBoys&GirlsClub, CharlesRosen, RandiRhodes
5 Comments
Daniel K.
So, doesn’t this put a final nail in the coffin of the concept of liberal media bias? I mean if there is no market for liberal views then why hasn’t the public abandoned everything aside from Fox News?
Flap
The point is that Air America was founded to combat the RIGHT’s dominance of talk radio. And the LEFT has failed because there is no market for this type of programming.
Maybe they are all listening to NPR? or CBS?
But, certainly the LEFT has been unable to beat Rush Limbaugh and Salem Communications.
Daniel K.
I choose to differ with your conclusion, that poor ratings resulted in the bankruptcy. The ratings were steadily climbing — it’s really bad business management that put them in Chapter 11.
del
It is not hard to understand. They were unable to work out a deal with creditors because they couldn’t demonstrate an acceptable business model. In radio that means advertising revenues were insufficient and that is directly related to listenship. ‘Growing’ from 10,000 to 15,000 listeners looks great on percentage points, but is a joke in the mass market.
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