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Air America Radio closing, filing for bankruptcy
Yahoo/AP ^ | RYAN NAKASHIMA

Posted on 01/22/2010 9:26:33 AM PST by The Anti-One

LOS ANGELES – Air America Radio, a radio network that was launched in 2004 as a liberal alternative to Rush Limbaugh and other conservative commentators, on Thursday shut down abruptly due to financial woes.

The network once boasted hosts such as Al Franken and Rachel Maddow, but struggled from the outset, including multiple management shake-ups, a bankruptcy in 2006 and sale for $4.25 million the following year.

Air America ceased airing new programs Thursday afternoon and said it will soon file to be liquidated under Chapter 7 bankruptcy. It began broadcasting reruns of programs and would end those as well Monday night.

"The very difficult economic environment has had a significant impact on Air America's business. This past year has seen a `perfect storm' in the media industry generally," the company said in a statement on its Web site.

The New York-based network said its "painstaking search for new investors" came close to succeeding even this week, "but ultimately fell short."

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Announcements; Breaking News; Business/Economy; News/Current Events
KEYWORDS: airamerica; bankruptcy; braking; liberal; liberaltalkradio; progressive
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To: The Anti-One

Don’t forget that short little sawed-off lesbian with the glasses and two first names. Janeanne, the comedienne who wasn’t ever funny.


41 posted on 01/22/2010 11:20:26 AM PST by Thebaddog (Shakey Jake said, " The hippies will never survive!")
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To: The Anti-One

If a tree falls in the forest...


42 posted on 01/22/2010 11:34:10 AM PST by ko_kyi
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To: The Anti-One

The bad news is that they will try to push for the Fairness Doctrine


43 posted on 01/22/2010 11:41:51 AM PST by ari-freedom (Obamacare: nananana nananana hey hey hey goodbye!)
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To: JPG

In the cogent words of Jo Dee Messina:

“Nope, Sorry; My Give-A-Damn’s busted!”


44 posted on 01/22/2010 12:00:05 PM PST by Right Winged American (No matter how Cynical I get, I just can't keep up!)
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To: Springman

If they switch from Air America to something else, those PSAs will be replaced by ads. Don’t worry, the PSAs will get aired. Even on successful stations (like conservative talk ones) there are ad buy lulls, like right now, and you’ll hear more PSAs..after the big Christmas buy, advertisers back off a little bit.

On Air America the advertisers didn’t show up at all


45 posted on 01/22/2010 12:05:49 PM PST by raccoonradio
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To: The Anti-One

What the One didn’t give them a bailout? everyone else that supported him got one!


46 posted on 01/22/2010 12:13:35 PM PST by tallyhoe
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To: The Anti-One

47 posted on 01/22/2010 12:18:43 PM PST by paulycy (Demand Constitutionality.)
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To: paulycy

is that the barako bomber we’ve been hearing so much about?


48 posted on 01/22/2010 1:06:47 PM PST by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds)
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To: Thebaddog
"Janeanne, the comedienne who wasn’t ever funny."


49 posted on 01/22/2010 1:08:25 PM PST by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds)
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To: The Anti-One


“The very difficult economic environment has had a significant impact
on Air America’s business. This past year has seen a `perfect storm’
in the media industry generally,” the company said in a statement on
its Web site.

Incredible.
The UberLiberals bow to the no-nonsense marketplace.

I’m suprised that Obama and Co. didn’t engineer a taxpayer-funded bailout.


50 posted on 01/22/2010 1:14:16 PM PST by VOA
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To: chuck_the_tv_out
barako bomber

YES! THAT'S IT!

ROFL!

51 posted on 01/22/2010 1:17:41 PM PST by paulycy (Demand Constitutionality.)
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To: The Anti-One

So, did those charities they stole from ever get their money back?


52 posted on 01/22/2010 1:20:55 PM PST by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: The Anti-One

Awwww the 10 listeners have had to take second jobs


53 posted on 01/22/2010 1:41:56 PM PST by RnMomof7 (Here I stand. I can do no other. God help me. Amen.)
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To: The Anti-One
alternative to Rush Limbaugh

Huh?

54 posted on 01/22/2010 1:44:05 PM PST by MaxMax (Lets get a sense)
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To: The Anti-One
alternative to Rush Limbaugh

Huh?

55 posted on 01/22/2010 1:44:18 PM PST by MaxMax (Lets get a sense)
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To: MaxMax

Oxymoronic, innit?


56 posted on 01/22/2010 1:48:37 PM PST by thulldud (It HAS happened here!)
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To: Persevero
A little over a year ago I was interviewed by NPR. As the link will show, I loved it.

Seriously, these people are delusional in the fact that they believe they have knowledge while wading waist-deep in the waters of ignorance.

Here's a good link.

57 posted on 01/22/2010 1:56:01 PM PST by Loud Mime (Liberalism is a Socialist Disease)
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To: The Anti-One

Dang... I thought for sure that 24/7 whining would have caught on...


58 posted on 01/22/2010 2:25:48 PM PST by avacado
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To: The Anti-One

and the RATS, take another one in the..............................HA ha!!!

59 posted on 01/22/2010 2:47:22 PM PST by Chode (American Hedonist *DTOM* -ww- NO Pity for the LAZY)
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To: The Anti-One
Liberals just aren't funny or entertaining. They are just DORKS. Has always been that way.
60 posted on 01/22/2010 2:53:31 PM PST by jetson
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