Liberal Talk and News Radio Network Air America Files for Bankruptcy
Fox News
Air America, the liberal talk and news radio network today filed for Chapter 11 bankruptcy protection after negotiations with one of the company's creditors broke down. The filing, made in U.S. District Court in Manhattan listed liabilities in excess of $20 million and assets of only 4 million.
Air America was launched back in March 2004 with programming to counter-balance politically conservative talk radio. It reportedly owes outspoken on-air personality Al Franken over $300,000. The company plans to keep operating while it reorganizes.
Air America, the liberal talk and news radio network today filed for Chapter 11 bankruptcy protection after negotiations with one of the company's creditors broke down. The filing, made in U.S. District Court in Manhattan listed liabilities in excess of $20 million and assets of only 4 million.
Air America was launched back in March 2004 with programming to counter-balance politically conservative talk radio. It reportedly owes outspoken on-air personality Al Franken over $300,000. The company plans to keep operating while it reorganizes.
posted by Andy W. Rogers | 10:15 AM
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