It is with the greatest regret, on behalf of our Board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the Company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business.
*Sniff -- Such a shame -- sooooo UNDESERVED!!
The very difficult economic environment has had a significant impact on Air America's business. This past year has seen a "perfect storm" in the media industry generally. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection.
Yes, like Hannity, Limbaugh, and Levin ... they're getting CRUSHED. Crushed with the money coming in, that is.
Those companies that remain are facing audience fragmentation as a result of new media technologies, are often saddled with crushing debt, and have generally found it difficult to obtain operating or investment capital from traditional sources of funding.
"Traditional sources of funding?" You mean like PROFIT? Leave it to libs to decry "lack of funding." Hey, dipsticks, try making a profit instead of looking for "traditional sources of funding." Whatsammatta, daddy George Soros won't cough up any money to "fund" your operations? That's what I love about you libs ... you revile the rich and vilify corporations, all the while asking for their money to be transferred to YOU ... as if somehow you DESERVE it ... disgusting, hypocritical, bags of freegan.
In this climate, our painstaking search for new investors has come close several times right up into this week, but ultimately fell short of success.
Ok, but you've been going broke since day one (2004.) You've never made a profit. What was it about the "climate" back then that made you go broke? Never mind, I forgot, the history knowledge of a lib only goes back to breakfast.
When Air America Radio launched in April, 2004 with already-known personalities like Al Franken and then-unknown future stars like Rachel Maddow, it was the only full-time progressive voice in the mainstream broadcast media world.
Huh? "The only full time progressive voice?" What about NBC, CBS, ABC, NPR? Oh ... wait ... those aren't "progressive," they're "objective." How stupid of me.
Anyway, I bid you a fond adieu adios, asshats.

1 comment:
What a great resource!
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