Nite Nite AIR AMERICA and Good Riddance
Via Breitbart (AP) Air America Radio Files for Chapter 11
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.
Air America had dismissed rumors just one month ago that it was planning to file for bankruptcy protection. Spokeswoman Jaime Horn said Friday the filing became necessary only recently after negotiations with a creditor broke down.
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.
The filing marked the latest setback for the liberal talk network.
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Tags: air america radio buyout progressive liberal talk talk radio democrats al franken air america al franken bankruptcy story air america bankruptcy
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