Posted on 10/31/2006 11:44:34 AM PST by SmithL
Air America Radio is talking to several parties about a possible sale and is hopeful of reaching a deal before Thanksgiving, a lawyer for the liberal talk radio network told a bankruptcy hearing Tuesday.
Tracy Klestadt told the court that the privately-held company was in discussions with seven different parties about a sale and was "very hopeful" of reaching a deal by Nov. 22, saying there was a "significant amount of interest."
The network, which went on the air with much fanfare two years ago, filed for bankruptcy protection on Oct. 13 after discussions with one of its creditors reached an impasse.
The network carries programming from the comedian and author Al Franken and liberal talk show host Randi Rhodes. It also syndicates shows from Jerry Springer and Portland, Ore.-based talk show host Thom Hartmann.
Klestadt declined to say who the potential suitors for the company were, and a spokeswoman for Air America also declined to comment.
(Excerpt) Read more at sfgate.com ...
If you don't study hard, you end up buying Air America.
I'll start the bidding at $5.
Or you sell Air America before you buy it.
I'll buy it! Will they take a post-dated two party out of state counter check?
Hee hee! YES!
We (as in FReepers) should bid on it..... Then turn it right and into a profit.
I'll take Air America if they pay me $50 million and get their debts cleared. I will then run Kerry speeches from now through the '08 national elections.
I bid -$100.
Ok.. Holding up hand.. $5.15
We can't sell a Communist agenda? Sucks being under the power of market forces eh?
Maybe CNN will buy it.
Oh man... I think they're gonna have to pay someone more than that to take it off their hands!
"The network carries programming from the comedian and author Al Franken and liberal talk show host Randi Rhodes. It also syndicates shows from Jerry Springer and Portland, Ore.-based talk show host Thom Hartmann."
It would be worth paying $100 to buy the rights to those shows.... And then flush them down the toilet.
That's $4.50 too high!
I understand there is some active bidding going on for the Brooklyn Bridge.
And for some oceanfront property in Arizona, too.
"Rotary Phone Cartel Still Hanging In There"
"Printers Predict 'Hot Type On It's Way Back!'"
I got three marbles, one buckeye and some pocket lint.
Deal?
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