Air America Files Bankruptcy

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The AP is reporting that liberal talk radio network Air America has finally filed bankruptcy. Most people who have been watching this have no idea how they avoided doing it earlier.

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.

My prediction: They will not emerge from bankruptcy. They have been a money pit since they went on the air.

UPDATE: The Smoking Gun has the bankruptcy filing. This is what you would call a financial disaster. About 5:1 debt to asset ratio.

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2 Responses to Air America Files Bankruptcy

  1. daveinboca says:

    Air America was a projectile-vomit spew of Randy Roads and Al Franken undigested stomach-pump junk food for the left-wing mind [pardon the oxymoron].

    I listened only a few times, and between the vulgarities, the obscenities, and the inanities, there was nothing but idle chatter about the weather. Otherwise just chewing gum for the left-wing mind [again, pardon the oxymoron].

    But I watched an ultra-left professor at the U. of Minnesota-Duluth last night on The Factor and this obese idiot claimed Bush was behind the 9/11 disaster and had it staged with thousands of accomplices. Just like the loon-lake UWis-Madison adjunct creep who forces students to buy a book he edited.

    Franken just moved to Minnesota, to be closer to his mental colleagues, who elected Ventura, the wrestler. Something in the water, I guess. He’s running for Senator in ’08 and will get lots of ultra-left cash from loons far away. By the way, Minnesota and Wisconsin lakes are where the loon is found more than anywhere else. Coincidence?

  2. Black Jack says:

    We have quite a few loons in California too, and a good many of our professors are just as blind, ignorant, and overweight as any of those upstart wackos back in fly-over country, heck, we even have a whole city named Ventura.

    So, don’t go trying to lord it over the rest of us that folks in Minnesota and Wisconsin are any better at swallowing left-wing hate mongering, after all we got Hollywood baby, and that includes some really high octane, far-out, heavyweights. We got big name numb skulls who make the likes of your puny pea-brained profs actually seem employable.

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