Air America SK
metavox at earthlink.net
Thu Jan 21 16:52:20 CST 2010
Somehow, Air America could not find a source of funding for their form
of programming. They lost one of their rising stars, Al Franken, to the
US Senate and perhaps this contributed to their decline.
They are filing Chapter 7. Under Chapter 7 a company closes its doors
and has no plan to make its creditors whole. Instead a trustee just
pays off what he can and everyone walks away. Lots of info on Wikipedia
about Chapter 7. See
It is interesting that Rush Limbaugh has another business model and is
able to attract advertisers even though he charges confiscatory rates.
Those of us that worked from time to time in the broadcasting business
can feel the pain of pulling the big switch on any broadcast operation.
Some people thrive and survive while others file for Chapter 7 in the
broadcasting business. This would suggest that anyone going into this
kind of business should think about business plans and how they will pay
their bills. Air America seemed to be on a mission to trash
conservatives and was shallow on facts.
for more painful details at least for now. The web site may be taken
down before the cock crows tomorrow.
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