This is socialism at its best! The radio show can't make a profit and has only been running because a few millionaires are funding it. They have $4 million in assets and owe $20 million. Maybe some of the liberals should have studied business in college instead of protesting.
Air America Radio filed for bankruptcy reorganization Friday, in the latest patch of turbulence to befall the liberal talk radio network that launched two years ago headlined by the comedian and author Al Franken.
The network will continue to operate with funding from its investor group, led by RealNetworks Inc. CEO Robert Glaser, who owns 36.7 percent of the company, and two other former board members.
Court documents showed that MultiCultural Radio Broadcasting Inc., a creditor with whom the network had tussled in its early days, had Air America's bank accounts frozen.
Air America has struggled financially since its inception. Court documents show the company lost $9.1 million in 2004, $19.6 million in 2005 and $13.1 million so far in 2006.
It couldn't have happened to a better person. I can't stand Al Franken who considers hate speech freedom of speech.
I also find it funny that a liberal radio show has to pay to be on the air as they can't find anyone to advertise on it. Go socialism!
10-14-2006, 07:30 AM
Linear Mode
