Air America goes Bankrupt

Air America goes Bankrupt

PostBy: Richard S. On: Thu Jan 21, 2010 6:24 pm

http://airamerica.com/

It is with the greatest regret, on behalf of our Board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the Company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business.

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. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry's long-time trade publication Radio and Records have signaled that these are very difficult and rapidly changing times.



:lol: Why can the left not get any AM talk radio listeners? I mean there has to be at least some market for it.
Richard S.
 
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Re: Air America goes Bankrupt

PostBy: gaw On: Thu Jan 21, 2010 7:40 pm

Its not just the politics, you have to be at least a little bit entertaining, it is after all entertainment and just trying to be the anti-Rush is not necessarily entertainment.
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Re: Air America goes Bankrupt

PostBy: mr1precision On: Thu Jan 21, 2010 7:56 pm

Awwwww thats tooooo baaaad. :rofl:
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Re: Air America goes Bankrupt

PostBy: smokeyCityTeacher On: Thu Jan 21, 2010 8:42 pm

Who needs listeners. They can get public taxpayer funding like NPR.

This and the subsidization of mainstream news (except Fox of course) is one of left's objectives. Since the mainstream media does not have an audience for legitimate self support they are making their case that they should be subsidized - out of fairness. Conservative media have warmed up to this idea since it would mean that congress would have to create an alternate version of Hollywood where every movie made would propagate conservative messages.


Richard S. wrote:http://airamerica.com/

It is with the greatest regret, on behalf of our Board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the Company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business.

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. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry's long-time trade publication Radio and Records have signaled that these are very difficult and rapidly changing times.



:lol: Why can the left not get any AM talk radio listeners? I mean there has to be at least some market for it.
Last edited by smokeyCityTeacher on Fri Jan 22, 2010 11:48 am, edited 1 time in total.
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Re: Air America goes Bankrupt

PostBy: Hambden Bob On: Thu Jan 21, 2010 8:55 pm

I'll be Damned...........Perhaps Liberalism thrives in the moment....As opposed to Centrists and Conservatives of all types that thrive in the Life as Lived,everyday,in and out. Footnote: Family-You've got one,even if your single and/or alone. It's you!
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Re: Air America goes Bankrupt

PostBy: Cap On: Thu Jan 21, 2010 11:15 pm

The left also has Federal News Radio in DC. 1500am and 103.5 FM. I wonder if it is funded by the govt?
The slogan, "News fit to be told". I would think Federal News has otrher stations in other cities but I don't know for sure.

I listen to it for traffic when I drive DC. It's brutal otherwise.
Cap
 
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Re: Air America goes Bankrupt

PostBy: jpete On: Thu Jan 21, 2010 11:32 pm

I was surprised by this news......





....I thought they went out of business years ago. ;) :)
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Re: Air America goes Bankrupt

PostBy: brckwlt On: Thu Jan 21, 2010 11:46 pm

OOOHHHHHH NOOOOOOOOOO!!! what will Rosanne do with out air america. Well years ago i know she had a show on air america but i dont know if she still does.
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Re: Air America goes Bankrupt

PostBy: KLook On: Fri Jan 22, 2010 12:34 am

You folks celebrate to soon. Don't you know that when you are one the right side of history you are just right? This just means the ignorant masses don't realize the valuable content of the programs so we must redouble out efforts and make them see it. After all, education is the key to this. And we must educate the stupid to show how stupid they really are! It should only take a few billion, and they will listen to what we have to say. Whats a few billion? This message is essential, like the Endowment for the Arts, you know, monkey s**t thrown on canvas or maybe elephant doo. Wait, I think I see Elvis in that one!

Kevin
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Re: Air America goes Bankrupt

PostBy: smokeyCityTeacher On: Fri Jan 22, 2010 12:40 am

I propose we "pass the hat" so to speak to collect funds to keep this important station on the air.

Do we have any willing to make a donation?
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Re: Air America goes Bankrupt

PostBy: KLook On: Fri Jan 22, 2010 12:43 am

:rofl: :rofl: :rofl: :rofl: :shock:

Kevin
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Re: Air America goes Bankrupt

PostBy: mikeandgerry On: Fri Jan 22, 2010 12:45 am

Isn't this the second time they have gone bankrupt?

Gee, I wonder if Sen. Stuart Smalley (aka Al Franken) who was a big supporter of Air America will be sponsoring a bailout bill for them on the basis of "equal time"?
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