Air America ---old news but interesting!

The Chicago Tribune | June 19 2004 | John Cook

[generationfixit]

The purpose of the transaction is twofold: to eliminate [Evan Cohen] and his partner Rex Sorensen's shares in the company, and to insulate the cash-strapped network from any debt or other obligation that Cohen may have incurred.

[generationfixit]

This is the cut line in an article published on Jun 19th 2004 in the Chicago Tribune. It is referencing why Air America is under a new name. I find it interesting that the " company" knew then that it needed to shield itself from Cohen's activities

Since it is still the same owners.....would it be safe to say that they have alot of shady loans that they are protecting themselves from? And I also want to know who was advising them.

[Boundless]

> And I also want to know who was advising them.

That we may never learn. But given the ineptness of it,
it was more likely Gore than Soros.

Here's the list of penetrating questions:
http://michellemalkin.com/archives/003179.htm

Some links of blog following the story, since
the Legacy Media refuse to:
http://radioequalizer.blogspot.com/
http://michellemalkin.com/index.htm
http://www.captainsquartersblog.com/mt/
http://powerlineblog.com/

[generationfixit]

Could not have been Gore or Soros...Soros would just bail them out and Gore ...this stuff is above his head.

Now check this....from The Chicago Tribune date May 22nd 2004.

"Drobny stressed that [Doug Kreeger]'s appointment was temporary, and that he will serve "until the board of directors takes care of all the old business left behind by Evan Cohen." Cohen, an investor and former chairman of the network, was ousted early this month. Sources said Cohen left after expected additional funding failed to materialize."

Was the addition funding another loan from the boy's and girls club?

It appears that John Cook is the reporter tapped by the Tribune to cover Air America....most stories have his by-line.

[Boundless]

> ... and Gore ...this stuff is above his head.

That hasn't stopped him from buying a sat TV network.

Where did he get the money?
Who is funding the daily ops?

[Wally_Kalbacken]

All I can say is - as this situation explodes and gets some real scrutiny from Elliot Spitzer - I hope the end result is to make an explicit mockery of campaign finance law. If Air America is nothing else - it is effectively an unlimited campaign contribution from leftist sources to a permanent, loss incurring bullhorn of anti-Bush, anti-GOP diatribes. I'm perfectly happy with the right of anyone to blow millions any way they want to - including forming a train wreck like Air America. It just doesn't make sense to have a cumbersome legal regulation "campaigns", PACs, and 527's, when they are functionally indistinguishable from this radio venture - but for the lack of a named candidate.

I hope this leads to a serious effort to end the regulation of political speech in the form of campaign finance regulation - and the replacement of the current regime with unlimited contributions from citizens to candidates - run through a clearing house which simultaneously posts the cash to the campaign and discloses it via the Internet. Full, instantaneous disclosure, and no limits.

[generationfixit]

I agree about the finance reform part. I just love the irony. It is so thick you could not cut it with a chain saw.

I mean...a touted liberal organization that plans to give a challange to that mean old nasty Rush Limbaugh....lies to it's investors, tanks in the ratings even though it gets HUGE press coverage...and then to top it off they get busted for taking money from little kids and old people.....oh my.......LMAO...and then change the company name ( although it is the same owners) so they would not have to pay the money back......oh...man...my back hurts!!!!

[Fido969]

Read the entire article here:

http://forums.therandirhodesshow.com/lofiversion/index.php/t9837.html

[generationfixit]

I read that one...how bout this.

This is a snippet from Feb 25 2005 in the Chicago Tribune. Danny Goldberg is the author.

"Air America has been on an upswing, compared with the near- disaster that struck just two weeks after it launched. It was bounced off stations in Chicago and Los Angeles after a billing dispute and failed to meet payroll. But after ousting Chairman Evan Cohen in May and accusing him of vastly overstating the initial investment in the firm, Air America now reaches 48 markets ..."

So it seems that Cohen did quite the damage. But rather than fix it they tried to cover it up and pretend it did not happen. This has such political ramifications it is amazing.

[Tread Lightly]

I listen to A.A. all the time. It's like having Comedy Central on the radio.

[generationfixit]

"I listen to A.A. all the time. It's like having Comedy Central on the radio."

I tried to get through a couple shows of Al Franken's.....OMG...I just about fell asleep. He has a side kick by the name of Katherine and she is from MPR ( Minnesota Public Radio) and without her I think the producers would fall asleep on the mixing board. Franken is such a mumbling idiot..sounds like he always has a mouth full of mush. And he is a horrible interviewer. Every guest he has on contradicts his foolish statements.

[backhoe]

Air America Scandal-- Click the picture-