Posted on 10/13/2006 7:44:13 AM PDT by milwguy
Edited on 10/13/2006 10:43:47 AM PDT by Admin Moderator. [history]
AP: Air America Radio Files Chapter 11 Friday October 13, 10:37 am ET Liberal Talk Radio Network Air America Files for Chapter 11 Bankruptcy Protection
NEW YORK (AP) -- 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.
I predict this will go Ch 7.
Ch 11 is just an effort to buy time for investors to go in AND it keeps them on the air at least through Nov 7.
as bankrupt as their ideas
thanks!
You know this is why the Liberals HATE free markets right? They can't compete, so they have to "FORCE" the system to allow them to succeed. Oops, we are still a free market and the consumer has SPOKEN! LMAO
Take that Liberals! (/smirk)
forgot to mention.
Bankrupcy is a breach of the contract clauses are now valid under the Bankruptcy Reform Act.
I wonder if radio stations will petition for immediate relief to demand cash in advance for airtime thus leaving arearages for the bankruptcy.
There is still a chance to save Airhead America. They need to hire a few conservative talkers to bolster their linuep. Tht might actually draw in some listeners and with listeners, they might actually get some ad revenue.
Thank God!
Libs aren't satisfied unless they're batting 1.000, so they want to compete in conservative-dominated talk radio. In a forum that has actual competition and debate, the libs get their butts handed to them every time.
BWA HA HA HA....... the very image of cluelessness!! Al Frankenstein is the dumbest sack of rocks in a long line of leftist rocks.....
Q: What happens when Al Frankenstein and Randi Rhodes mate?? Would the spawn of that nightmarish couple be the antichrist?
Before they go off the air, we need to get everyone we can to listen to Randy Rhoads at least once. Especially moderates.
That is too funny!
You could prob google or yahoo it and find quite a bit of info on it. There was some kind of investigation and they, I believe, had to pay some, most, all of it back. If I am correct when they raised concerns about it, instead of giving it back they put the $ in an escrow account until the investigation was over. Then again, its all for the children, right. And I'm sure that money could serve the children better by going to Air America than to the Boys and Girls club. Their hypocrisy is sickening among lots of other things they do.
You never told me you had "experts"...
News Break - Hate Radio Commits Suicide.
Mine has lived up to the day.
As I was leaving the school parking lot, someboday was illegally parked. It is really tight in the dorm parking lot sometimes, and very difficult to get out.
Well, I thought I had the clearance. I didn't. Boom.
It has been an awful day since.
"Chapter 11? Like there is any chance these goofs will be in business in 2 years."
Yeah, but when I saw Chapter 11 (reorganization, not breakup), my eyes glazed over with tears of Joy! This means the financial whirlpool will continue to soak up liberal dollars for even longer than we could have wished for! This is like an early Christmas present!
I admitted watching a Josh Groban concert a couple weeks ago on PBS...but that is about the only good music they have had.
Other than that, it is normally very boring stuff.
They're really just trainees.
Being a rabid female lib, she must be dumb as a post for not working the system already. All she has to do is get knocked-up by some guy she met at the bar. Then all she has to do is sit on her butt at home watching Couric and Oprah while the welfare checks roll in and she enjoys tons of free benefits.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.