NEW YORK (AP) — Air America Radio, a liberal talk and news radio network, 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, but on Friday Air America said negotiations with a creditor from the company’s early days had broken down.
The network will stay on the air while it resolves issues with its creditors, spokeswoman Jaime Horn told the Associated Press.
A formal announcement was expected to be made later Friday.
For ages I’ve watched as liberals have claimed how ‘successful’ Air America is. Heck, Think Progress, the lefty blog who posted the original rumor (which Air America initially denied) tried to spin AAR as a success. Gonna be kinda impossible to do that now, eh?
I, and so many other conservatives, have said for so long that there simply was not a market for liberal talk radio. Considering they dominate all the cable news channels and news programs (with the lone exception of Fox) they, for all intents and purposes, already had their liberal outlets: the MSM. I think, perhaps, this announcement confirms that belief.
(Thanks to ST reader Sev for the tip.)