Air America Radio Files For Bankruptcy Protection
October 15th, 2006 . by joe
I guess Al Franken may need to find another place that will let him complain about Bush.
Air America Radio, the liberal talk-radio network launched two years ago with a plan to counter the dominance of conservative talk shows, filed for Chapter 11 bankruptcy protection on Friday.
In a filing to a bankruptcy court in Manhattan, Air America said it had lost $40.9m since its launch in 2004, including $13m so far this year. The station, based in New York and with 4m listeners, has been through a string of chief executives, appointing Scott Elberg to the position last week.
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