Air America Files for Bankruptcy

Well, I don’t know anyone that listened to Air America, but at least, if for nothing else, if begat America both Senator Al Franken and MSNBC’s Rachel Maddow.  “Charlie Kireker, one of Air America’s principal owners and its chairman, said in a memo to employees Thursday that the company was done in by “a perfect storm” of plunging ad revenues, intense competition, high debt and poor prospects for new financing. A search for new investors, he said, has been fruitless. The company declined further comment.”

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