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Air America Files for Chapter 11 Bankruptcy

And Air America denied this when Brian Maloney broke the story just a few weeks ago that it was bankrupt, but today AA is filing for Chapter 11 bankruptcy protection:

Air America Radio, a liberal talk and news radio network that features the comedian Al Franken, has filed for Chapter 11 bankruptcy protection, a network official told The AP.


The network had denied rumors just a month ago that it would file for bankruptcy. On Friday, Air America spokeswoman Jaime Horn told The Associated Press that the filing became necessary only recently after negotiations with a creditor from the company's early days broke down.

The network will stay on the air while it resolves issues with its creditors, Horn said. In addition to Franken, the network also features shows from liberal talk show host Randi Rhodes and Jerry Springer.

Horn declined to name the creditor with which talks had reached a logjam. The company will operate in the interim with funding from its current investor group.

Air America also said Friday it had named Scott Elberg as its new CEO. Elberg, a former general manager of the radio station WLIB in New York, has been with the network since May of last year.

The filing marked the latest turbulence at the liberal talk radio network, which went on the air two years ago. This April, Danny Goldberg stepped down as CEO and was replaced by an interim chief executive from a management consulting firm.

"Nobody likes filing for bankruptcy," Elberg said in a statement. "However, this move will enable us to concentrate on informing and entertaining our audience during the coming months."

Today Brian Maloney at Radio Equalizer reports that AA's sale to Sheldon Drobny fell through, causing today's filing.

The Smoking Gun has the list of AA's creditors.


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Comments (48)

In the words of Nelson Munt... (Below threshold)
Peter F.:

In the words of Nelson Muntz: "A-ha!"

That one guy who listened t... (Below threshold)
Heralder:

That one guy who listened to Air America is going to very sad today.

No doubt Franken will blame... (Below threshold)
hermie:

No doubt Franken will blame Bush for the failure of AA.

Of course, Al won't lose any sleep over the fact that his outfit stole money from poor kids and elderly people. After all, he feels he was entitled to it since he is so much better than anyone else.

Franken wasn't some mope who was unaware of AA's serious problems and scandals. He'll manage some way to cast himself as a 'victim', while he campaigns against Coleman.

Air America failed because ... (Below threshold)
BarneyG2000:

Air America failed because the market was saturated with left wing propaganda (MSM). AAR may stay or may go away, but we will always have ABC, NBC, CBS, CNN, MSNBC, NY Times, WaPo.....

Where are all the posters t... (Below threshold)
Scrapiron:

Where are all the posters that were denying the failure as late as last week or was it yesterday? How much longer can the antique MSM outlets stand the loss of millions of dollars per month? Say bye bye to some of the big guys soon.

As far as factual content a... (Below threshold)
muirgeo:

As far as factual content and entertainment value I'd take Air America over Rush Limbaugh or Sean Hannity anyday. Some of their host will be debating some conservatives on OCT 27 in San Francuisco. Check Quake radio for details or to download the podcast.

Yes I truly hope Air America survives because its important for all sides to be voiced. And I'm one who listens to all sides.

Bottom line there are some very good progressive and liberal talk show host on Air America that would hand Hannity or Limbaugh theirs arses in a open debate and eventually they'll find a market if not at Air America elsewhere.

Remember Foxs News took 5 years before they showed a profit.

"That one guy who listen... (Below threshold)
Lee:

"That one guy who listened to Air America is going to very sad today."

Since Al Franken has a good sense of humor I'm sure his Dad does as well. He'll get over it...

FNC lacked fawning press co... (Below threshold)
MikeSC:

FNC lacked fawning press coverage that AAR received.

And, CLEARLY, in terms of entertainment, nobody on AAR could compare to Limbaugh or even Hannity. In terms of "open debate" --- a laughable concept when it comes to the same left that bitches about FNC including both libs and conservatives on their opinion shows --- they'd still get their butts handed to them.

See, if they COULD compete, the network wouldn't be bankrupt.
-=Mike

oh, muirego...you we... (Below threshold)
Heralder:

oh, muirego...you were that one guy I was talking about in my first post. I'm sorry man, no more Randi Rhodes talking about shooting Bush on public radio anymore.

Sad.

Incidentally, I agree with you about hearing all sides. After all, it was after hearing the liberal side that made me realize I'm a conservative.

Lee:Since... (Below threshold)
Heralder:

Lee:

Since Al Franken has a good sense of humor I'm sure his Dad does as well. He'll get over it...

Ha! Good one.

Whats His dads name ? Shirl... (Below threshold)
914:

Whats His dads name ? Shirley.

Are we talking morally bank... (Below threshold)
MItchell:

Are we talking morally bankrupt, or just intellectually?

A question,Can som... (Below threshold)
John:

A question,

Can somebody on this thread give me an example of one thing that they heard on Air America that they recall, and that turned out to be false?

(I'm not suggesting infalibility, I just want to understand what you've heard there, and what you've found about the information you got there.)

John

John...Well, no - ... (Below threshold)
JLawson:

John...

Well, no - I listen to sat radio, and Air America was on Sirius for a few months. Never bothered to tune in, though I kept meaning to because I kept hearing about it... but I kept listening to Fox instead. Don't think AAR aired in the Atlanta market, or if it did it was on a low-power station.

Shrug. Well, I guess it doesn't matter much - you don't get the audience, you don't get the ratings. You don't get the ratings, you've got to pay to get on the air instead of getting paid by stations that want to carry your content.

And if you don't pay, you won't get broadcast...

Good idea, bad execution. Better luck next time.

J.

NO, NO! This story is not t... (Below threshold)
Clay:

NO, NO! This story is not true. I mean, he's Al Franken. He's smart enough, he's good enough, and dog-gone-it, people like him.

I listened to AA a few time... (Below threshold)
nikkolai:

I listened to AA a few times for laughs. But the venom and hatred and rage grew so tiring--finally, I just didn't go there any more. I guess I wasn't alone.

So JLawson is a good exampl... (Below threshold)
John:

So JLawson is a good example of the lack of intellectual curiosity of the Right. You've had AAR in Atlanta and it's also free on the Internet. You know that. You can't seem to find it. It's because you don't want to spend much time thinking about something that might disturb your world view.

And no, AAR is not on Sirius, it's on XM. So you're NEVER listened, but you're still somehow an authority.

And Nikkolai can't even give me one single quote. Another uncultured learned expert.

I would not have listened t... (Below threshold)
914:

I would not have listened to that trash if they payed Me! It has to be pretty much like Bill Maher? In other words an anti christian left arm of the democratic party. No Thanks I can get that from the MSM.

I see your angle now John.<... (Below threshold)
Heralder:

I see your angle now John.

Guess what, I don't have to eat the whole piece of shit to know it aint a crab cake.

I've heard enough through other venues to know that it is not something I would like to tune in to...not because it might "disturb" my world view, but because I find at least two of the hosts greatly annoying.

See for example Randi Rhodes interview on Larry King live. She wouldn't stop her unhinged ranting long enough for anyone to get a word of dissent in edge-wise. The other guest joked "Hi Larry, welcome to the Randi Rhodes show".

I don't want to listen to that noise. And apparently John, I'm not the only one.

Al Franken is a big fat stu... (Below threshold)
Mitchell:

Al Franken is a big fat stupid oaf. So, who you callin' an uncultured learned expert.

It's the market place of ideas, and AA's don't sell. Just like communism and socialism don't sell anymore, unless you take them to Venezuela, maybe.

So maybe you loons need to broadcast in Spanish now.

914,As a Christan,... (Below threshold)
John:

914,

As a Christan, does it bother you that the archetect of Bush's policy - Karl Rove, mocks you? Your most inflential leaders he calls "The Nuts"?

You may not trust the MSM, but David Kuo is one of yours, a self described conservative christan who has worked for Bush as second in command in the office of faith based initiatives, and earlier for John Ashcroft and Bill Bennett.

He says in his book "Tempting Faith", that Bush is just using Christians.

http://www.msnbc.msn.com/id/15228489/

Don't be a tool. Time to start reading. Time to start thinking.

As a Christian, what did Jesus say? Was his message about war? About love? Would it not be better to feed and clothe people, than to margenalize them? Or kill them?

This administration is hardly Christian.

John

The dems announced that the... (Below threshold)
Clay:

The dems announced that they have a solution: They'll require conservative radio talk shows to pay a tax to help out good ol' Air America. Share the wealth, so to speak. I mean, isn't that their solution for everything?

This administration is h... (Below threshold)
Clay:

This administration is hardly Christian.

Oh, but the left is? Now, don't you be a tool.

As a Christian, what did Jesus say? Was his message about war? About love? Would it not be better to feed and clothe people, than to margenalize them? Or kill them?

Just slightly disingenuous of you, considering that abortion on demand annually kills approximately 10,000 times the mortalities of this war.

Now, you are a tool.

The marketplace will always... (Below threshold)

The marketplace will always tell you how good your product is.
A.A: America says you suck:)

OK, send me a link to your ... (Below threshold)
John:

OK, send me a link to your facts. Johns Hopkins study indicats 650,000 deaths in Iraq that would not have occured based on our policy. That would indicate that 65,000,000,000 abortions on demand in 4 years. There are not that many people in the world, no?

Clay,I don't mean ... (Below threshold)
John:

Clay,

I don't mean to imply that anyone is a "Tool" as in "Dude, you are such a tool". I mean tool in the same sense as that rusty chisel that gets grabbed to open a paint can. It's not the right tool for the job, but it get's grabbed because it's convienient, it's cheap, it's disposable, and nobody really gives much of a damn about it anyway. When I say don't be a tool, it's not an insult. You guys need to take care of yourselves, unless you want to get used and discarded.

You really think the Republican platform has your best interest in mind? If I may ask, why? What is the GOP doing that you feel supports your best interest?

John

"I listened to AA a few ... (Below threshold)
Lee:

"I listened to AA a few times for laughs. But the venom and hatred and rage grew so tiring--finally, I just didn't go there any more. I guess I wasn't alone."

I listen to Sean Hannity and local conservative radio shows regularly. I haven't ever listened to Air America, but if it's anything like the hate and spew you hear on conservative talk radio, I get the picture.

The local stuff is much worse than Hannity, in my experience. Just outright lies and hate-filled spew. Today the locals were yakking about those crazy Democrats "outing" gay Republicans (oh the horror! they were mortified by the actions of those Dems!!) and then, unknowlingly I'm sure, the local hosts slipped right into their own hate-filled diatribe against the local gays.

After they bashed the local gays for about 30 seconds they must have gotten the "you're being an *sshat" call from the station manager, because there was a long 5 second pause, then they abruptly went to a commercial break and came back on a new subject.

Talk radio is way over the top -- not at all like the blogosphere (heh).

Can we get our money back?<... (Below threshold)
Gloria Wise:

Can we get our money back?

Can't say much as far as th... (Below threshold)
JLawson:

Can't say much as far as the Republican platform goes, but I can't say I see much from the Democrats that makes me think they'll do better. And if they won't, I'd rather stay with the devil I know. Thought Bush didn't have much of a clue in '92, believed Clinton when he said things were good and it was time for a change, voted for the man... and was a bit surprised when shortly after he took office he said that things sucked and he was going to raise taxes.

Since then, I don't trust any political party much - but I'll admit I trust the Dems a bit less.

Your mileage, of course, may vary.

Lee,No, it's nothi... (Below threshold)
John:

Lee,

No, it's nothing like the hate and spew you get on conservative talk radio.

It's OK to tune in. Really.

So far, I've gotten about a half dozen posts, but nobody has every really listened. Some guy said he heard about it, and decided not to listen. Um let's see, the conservative outlet you normaly listen to, told you not to listen, and you called that good and moved on.

It won't kill anybody. Check it out, be informed, make up your mind, and be your own pundit.

You really think the Republ... (Below threshold)
yo:

You really think the Republican platform has your best interest in mind? If I may ask, why? What is the GOP doing that you feel supports your best interest?

John

Posted by: John at October 13, 2006 06:10 PM

Topping the list: GWOT.


As for best interests, I don't think frothing at the mouth the raise my taxes is in my best interests.

Planning impeachment hearings during a time of war doesn't seem to fall into the category of "my best interests." either.

And, whereas I cannot provide a direct quote of any of the AA folk, I can paraphrase rather succintly:

"Bush sucks .. blah ... McChimpyHilterburton... blah ... Garofalo is a funny girl ... blah ..."

Granted, not every "personality" on AA is a worthless shill for the left, but the big names being touted to rope in listeners are shills, indeed.

I've seen enough of Franken, Garafolo, Rhodes and a few others, independently, to tell me that they are no better than Bill Maher as far as regurgitating the talking points of the fringe-left - and bring nothing which even remotely resembles debate to the table. It's rhetoric.

The righties have their rhetoricals, as well ..., but not to such a degree. When they disagree with the GOP, they state as such. I've never seen a fringer disagree with the DNC. Ever.


That being said, the tertiary news surrounding AA; charity scandels, bankruptcy, employees getting the shaft, shady CEO's and the like, are honestly as much as I need to hear.

Agreed, it ain't crab cakes.

Coincidentally, my opinion process is similar to that of some shrillers on the left when looking into their claims against the president. IE - Can anyone show me a quote of Bush linking Iraq to 911? Anyone ...? Buehler ... ?

Crickets.

If turnabout is fairplay, then AA is reaping what they sow.

And, when it comes right down to it, radio is business, and this AA issue proves nothing more to me than the left can't grasp business matters and shouldn't be granted unsupervised access to issues of the economy.

Just a couple of questions?... (Below threshold)
nogo postal:

Just a couple of questions?
Has any company ever recovered from Chap 11?

In this nation of equality, why should all the shills be on the right...you all listen to Rush..I listen to Franken...we hear what we want to hear...in America doesn't everyone have a right to the shill of their choice?

Speaking of the FCC..how come your local TV station can run all those half hour commercials with impunity? Does anyone really believe the "airwaves" belong to us?

when it comes down to it if United Airlines cannot compete and goes chap 11 they should just fold up their tent...after all it is clear they offered an inferior product that no one used or had need for..right?

Yo,I asked a quest... (Below threshold)
John:

Yo,

I asked a question, which you quoted at the beginning of your email, then went on to ignore. I've been asking these same questions over and over during the last three days on Whizbang, and I have never gotten one coherent answer. I get a lot of irrelevent comments about Ted Kennedy drownign young girls, Hellery, Taxes, Randi Rhodes ranting on TV, but no answers. I'm trying to understand your point of view. All I've inferred so far is that we want to give the world a really good ass kicking, but not much more than that. I've seen a lot of playing fast and loose with the facts, but no real answers. What gives?

What's so interesting about the GOP platform? Why does it energize it's base? What's it going to mean for you? What does good government look like to you? What's an ideal America?

John.

Nogo,Yes, I believ... (Below threshold)
John:

Nogo,

Yes, I believe companies have recovered from Chapter 11.

Regarding your second point, yes, the marketplace will decide which hosts will succede and which are not viable.

Regarding your third point, broadcasters are granted licenses for limited amounts of time which grant them a slice of your spectrum to serve you in the "public interest". They are free to sell their airtime it as they see fit. You are free to challenge their license when it comes up for renewal, and the hearing are public (although few broadcasters ever loose their license).

Yes, in general, if nobody want's your product, you should fold up your tent. It's a free market. When you fold up your tent, however you claim chapter 7, which is a whole different kettle of fish.

John,You wanted to... (Below threshold)
yo:

John,

You wanted to know what is the GOP doing which find agreeable to my best interests. I did answer your question: GWOT (for lack of a better term).

Implied on the other items I'd raised, I don't want my taxes jacked up, and I don't want my president to be distracted by silliness.

But, more importantly (just in case I'm not clear), the Dems can't seem to come to terms that we're actually at war, here, and the GOP does.

I can't speak for the base, but going after jihadis instead of giving lipservice to the issue energizes me.

Not shoveling money into entitlement programs, energizes me.

Everything afterwards is really just fluff, for me.


As for what a good government looks like -- def. not what we have now. I want one that is balanced: logically, ideologically and rationally.

The GOP, with all of its faults (and there are several), portrays itself as less frenetic and off-balanced as the DNC.

If you don't think I'm answering your question, it may be because we're not seeing eye-to-eye on the expectations, but not because I'm trying to be evasive.

simply addressing those who... (Below threshold)
nogo postal:

simply addressing those who minds are made up without even allowing yourself the experience of listening...and who depend on the opinions of others to decide for you..
What are you afraid of?
Those that think like that are the continuing sliding down minority who still believe that Bush through his intellect will be the same effective "decider" he has been for almost 6 years...
"It's a global world" Bush said this week..think about that phrase...
AA does not worship this intellect the way Rush Etc..
does...and apparantly I, as an Independant, do not..although I am in the minority here..

Yo,You (and nogo p... (Below threshold)
John:

Yo,

You (and nogo postal) are probably the first people in the last three days that have shown any curiosity or integrety. I'll respond, but I've been on all day, and She Who Must Be Obeyed wants a tiny bit of my time as well. Perhaps later this evening.

Be well,

John

John you just don't like th... (Below threshold)
jainphx:

John you just don't like the answers.The dems stand for nothing American,nothing.Your only platform is the repubs are evil, tax breaks for the rich, wrong war,lets impeach,same sex,late term murder,how much more of this drivel do you want me to stomach.

So far, I've gotte... (Below threshold)
OregonMuse:
So far, I've gotten about a half dozen posts, but nobody has every really listened.

Which is why AA is going bankrupt. Nobody is listening.

"you don't get the audienc... (Below threshold)
civilbehavior:

"you don't get the audience, you don't get the ratings."
This is especially true for the dumb and dumber crowd who get most of their news from the Hannity, Ingraham, Limpbough crows. You see the reason AA is not going to survive is the same reason the Divided States of America is now so hated around he world.

FOR "As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron."

It already was. All thru th... (Below threshold)
914:

It already was. All thru the 90,s

914........The pre... (Below threshold)
civil behavior:

914........

The previous democratic president was a Rhodes scholar not that it means much to republican rednecks and hicks. Likely as not for them Rhodes is where they drive their SUV's.

Today the man in the office thinks "NUCULAR" is Iraq not North Korea. Or "Fool me once , shame on, shame on you........Fool me, you can't get fooled again"

Foolish Americans.....

Just saying..........

Oh lookie here-we have us a... (Below threshold)
jhow66:

Oh lookie here-we have us a intellectual little nerd that calls himself "civil behavior". Please everyone do not question his post as he is way above "us" on the intelligence level.
Who does "john" sound like? Hmmmm-not another sox puppet surely. Hint-("pp")

Jhow66,Nothing wro... (Below threshold)
jhow66:

Jhow66,

Nothing wrong with being smart, or being educated. Or well read. Or understanding, or compassionate, or open minded.

When did ignorance become a virtue, anyway?

Civil behaviorActu... (Below threshold)
914:

Civil behavior

Actually Iraq was "Nucular" way back in 1980! Now its Iran & NKorea that are fast joining that club..

I dont think you have to be a rhodes scholar to figure this one out!

The previous democratic pre... (Below threshold)
JM:

The previous democratic president was a Rhodes scholar not that it means much to republican rednecks and hicks. Likely as not for them Rhodes is where they drive their SUV's.

Really.

And how much taxpayer money was used to negotiate (bribe) a corrupt NK to not proceed with nuclear weapons development? Which they did anyway. And how much taxpayer money went to build two nuke plants in NK? And of course they promised to be good little boys for the Dems. And now that the money isn't being extorted from the taxpayers they decide to blackmail the US for more money. This doesn't seem very clever for a Rhodes scholar. By the way, I used to work with a "Rhodes" scholar and she coulcn't find her ass cheeks if her hands were super glued to them. Zero common sense! It appears Billy Bob fits this behavoir as well. I won't even start on the technology shared with Chinese companies for campaign contribuitions. I guess you'd have to be a well brainwashed Lib to fully understand that as well. Although I'm not thrilled with Bush, I shudder to think how the country would be with the sky is falling Gore. To put it in simple terms for even Libs. Bush bought a used car. It appeared to be running good when he took it for a test ride. Once he got it home it started falling apart. So he had to fix it.

I wonder how the Lib news would have spun the economy going into a recession if Gore had won. And of course NK would be no problem since he would have just sent more money over to keep them happy. I used to be a democrat, then I opened my eyes and ears and heard the same BS like a broken record. Socialism and Communism failed. Learn history!

JM

As a Christan, does it b... (Below threshold)
MikeSC:

As a Christan, does it bother you that the archetect of Bush's policy - Karl Rove, mocks you? Your most inflential leaders he calls "The Nuts"?

As opposed to what the Dems call them? Yeah, I can see how they'd vote for Dems.

when it comes down to it if United Airlines cannot compete and goes chap 11 they should just fold up their tent...after all it is clear they offered an inferior product that no one used or had need for..right?

Actually yes. The airlines were receiving a ton of heat before 9/11 hit.

And WHY was United bailed out? Because the wife of the Dem leader in the Senate was one of their top lobbyists.

The previous democratic president was a Rhodes scholar not that it means much to republican rednecks and hicks. Likely as not for them Rhodes is where they drive their SUV's.

Bush received a Master's from the best business school in the country.

Yeah, you're so much brighter.

Mr. Clinton lacked any semblance of common sense.
-=Mike

914,You state "Act... (Below threshold)
jbunn:

914,

You state "Actually Iraq was "Nucular" way back in 1980! Now its Iran & NKorea that are fast joining that club..

I dont think you have to be a rhodes scholar to figure this one out!"

Seriously.... this shows a lack of history. Let me give you a bit of FACTS. I know you guys aren't really big on this, but look it up, and let me know if I'm mistaken....


For your education, the Nuclear Club, and their date of membership is as follows...


United States - 1945. Becomes the only country to have ever used nuclear weapons against civilians or military targets. Immediately kills 92,000 people on August 6th, then immediately kills 70,000 people on August 9th. Close to one half million people eventually die due to radiation, burns and fallout.

Russia - 1949

Brittan - 1952

France - 1960

China - 1965

India - 1974

South Africa - 1992, Never detonated, but claimed 6 weapons built in defiance of international protocols. Vowed to be willing to destroy.

Pakistan - 1998 (approximately) Claims 5 successful detonations.

Israel - Date unknown. Detonations unknown. Israel is suspected of, but has never admitted to possessing a nuclear weapon.

South Korea - 2006. Claims successful detonation.


911,

you don't have to be a Rhodes scholar to figure this out. You might want to learn how to use Google, or get a library card, or read a book or newspaper. That might help you figure it out.

John




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