What a sad time for America.
Bloomberg.com: U.S. Air America Radio Network Seeks Bankruptcy Protection, By Don Jeffrey
Oct. 13 -- Air America Radio, the liberal talk and news radio network, sought bankruptcy court protection after losing $40.9 million since May 2004.click to show/hide the rest of the post
Air America, featuring comedian Al Franken will keep broadcasting after receiving court permission to use $900,000 in financing from Democracy Allies LLC today, Tracy Klestadt, a bankruptcy lawyer for the company, said in an interview.
"I think they're not going to make it in this current form,'' said Paul Levinson, media studies chairman at Fordham University in New York. "It's a sad day because we need as much political diversity in our media as possible.''
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