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| Air America to File Chapter 11? |
| 2006-09-13 |
| Air America Radio will announce a major restructuring on Friday, which is expected to include a bankruptcy filing, three independent sources have told ThinkProgress. Air America could remain on the air under the deal, but significant personnel changes are already in the works. Sources say five Air America employees were laid off yesterday and were told there would be no severance without capital infusion or bankruptcy. Also, Air America has ended its relationship with host Jerry Springer. I miss them already |
| Posted by:badanov |
| #11 #10 - iirc, Kroc's widow gave them an endowment that will basically keep them going without government money. Which is something that should have kicked in immediately. |
| Posted by: Unomomble Thins6414 2006-09-13 20:33 |
| #10 Couldn't compete with the government funded ultra-liberal NPR. |
| Posted by: DMFD 2006-09-13 19:40 |
| #9 6 - blog whore |
| Posted by: Frank G 2006-09-13 19:06 |
| #8 We need Air America to continue in order to protect the rest of talk radio from censorship/shut down under the guise of the 'fairness doctrine' (the predecessor to McCain-Feingold in 'repealing' the Second Amendment.) |
| Posted by: Glenmore 2006-09-13 18:20 |
| #7 I didn't know Air America had anything of value. nevermind rong blog. |
| Posted by: 6 2006-09-13 17:48 |
| #6 I didn't know Air America had anything of value. Al |
| Posted by: frozen al 2006-09-13 17:22 |
| #5 Now they want to start an all womens (liberal) radio network. Guess they just can't get enough. |
| Posted by: Uluger Fleregum4337 2006-09-13 16:38 |
| #4 Heh-heh-heh. Is there anybody who didn't see this coming? |
| Posted by: The Doctor 2006-09-13 15:53 |
| #3 In scoundrel corporations, Chapter 11 (reorganization) is done solely for time for the board to loot anything left of value that would otherwise go to investors and creditors. Then, after a time, they move to Chapter 7 (liquidation), which allows their creditors to attempt division by zero. This would mean that Seattle's Rob Glaser of RealNetworks is trying to steal back every dime he foolishly invested in AA. |
| Posted by: Anonymoose 2006-09-13 14:46 |
| #2 Advice to the Boys Club of Brooklyn. Watch your wallets... |
| Posted by: tu3031 2006-09-13 14:38 |
| #1 Air who? |
| Posted by: BrerRabbit 2006-09-13 14:37 |