Air America Gets Another Week for Sale

MSN Money Central ^ | 20 Nov, 2006 | AP

[Hillarys Gate Cult]

America Radio, the liberal news and talk radio network headlined by the comedian Al Franken, has another week to find a buyer.

A lawyer for the network, Tracy Klestadt, told a bankruptcy hearing Monday that the company was in "advanced negotiations with a few parties" about a sale, and expected to have more definitive news on a deal in a week.

Under its financing agreement, the network had faced a deadline of this Wednesday to have a deal in place for a buyer, but Klestadt said the network's lender had informally agreed to extend the deadline by about a week.

The network, which went on the air two years ago, filed for bankruptcy reorganization on Oct. 13 after discussions with one of its creditors reached an impasse.

It is continuing to operate in the meantime as it searches for a buyer. Klestadt declined to say who the potential buyers are.

[Hillarys Gate Cult]

LOL. Didn't expect anything different.

[Hillarys Gate Cult]

Sorry about the keywords. I momentarily forgot that liberals and communists were the same thing.

[catfish1957]

I thought this turd had already been flushed.

[SquirrelKing]

If it's cheap, I'll buy it. The youth group needs somthing to paint sins on and hit with sledgehammers for the Fall Festival.

[JHBowden]

With Air Anti-America going down the tubes, I guess liberals will have to go back to relying on CNN, MSDNC, CBS, NBC, ABC, PBS, the New York Times, the Washington Post, the LA Times and so forth.

Oh dear, how will they ever survive?

[TexGuy]

I'll start the bidding at $1.25 ...

[Billthedrill]

I'll kick in. (Rummaging in pockets) Gotta old quarter and some pocket lint here...

[Enosh]

advanced negotiations with a few parties

LOL!

A wise man once said: "There's a sucker born every minute."

[atomicpossum]

[Tanniker Smith]

Put it on eBay.

I bet I'll get more for a PS 3.

[Doctor Raoul]

Not good, how many more poor kids could Franken financially bugger in a week? probably a lot.

[WinOne4TheGipper]

It'd be funny if some conservative bought it.:)

[Hillarys Gate Cult]

That wise man was named David Hannum, one of P.T. Barnum's competitors.

http://www.historybuff.com/library/refbarnum.html

[PhillyRepublican]

Has it been listed on e-bay yet?

[Hillarys Gate Cult]

Who would buy 20 million in liabilities with next to no real assets?

[TexGuy]

I raise your quarter and pocket lint with ... some dried mud stuck to the bottom of my shoe.

[Enosh]

Hey, that was really good! :)

[verum ago]

I hear they're actually trying to sell a hard copy of their content...

[FlingWingFlyer]

I find it odd that the buffoons in the Congress aren't screeching for "a probe" into this freak show.

[GSlob]

Well, I could not imagine seeing this "air America" as a profitable investment, even at fire sale price. Say, [strictly hypothetically] I got a leather chair from their assets in a bankruptcy sale. But since Al Franken had been sitting in it, nobody would buy it from me, and disinfecting it would cost me more money and ruin the leather. And were I to try selling it while concealing its provenance, I might incur legal penalties on par with asbestos people.