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Keyword: financiallybankrupt

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  • Air America: No Plans for Bankruptcy

    09/14/2006 10:23:06 AM PDT · by SmithL · 51 replies · 1,491+ views
    AP ^ | 9/14/6 | LARRY McSHANE
    Financially strapped Air America Radio, after star commentator Al Franken said his paycheck had stopped coming, acknowledged Thursday that it had laid off a few employees but insisted it has no plans to declare bankruptcy. "If Air America had filed for bankruptcy every time someone rumored it to be doing so, we would have ceased to exist long ago," Jaime Horn, a spokeswoman for the liberal talk show network, said in a statement. "It may be frustrating to some that it hasn't happened." Horn, without getting specific, said there were "a handful of layoffs" that followed a move of the...