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Air America Is Gone

Discussion in 'Politics, Elections & Legislation' started by MTA Tom, Jan 21, 2010.

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  1. MTA Tom

    MTA Tom Active Member

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    "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....

    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. At a critical time in our nation’s history — when dissent on issues such as the Iraq war were often denounced as “un-American” — Air America and its talented team helped millions of Americans remember the importance of compelling discussion about the most pivotal events and decisions of our generation."
     
  2. H82MIS

    H82MIS TS Member

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    Good,,,,,,,,,
     
  3. VNVET

    VNVET Member

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    Well in my opinion Franken is a joke and so is Air America. I'm wondering what Minnesota is thinking. Two in a row.....a wrestler and a comedian. The voters there must think elections are a joke and everyone has a good laugh. Elections have consequences. What's next!

    Jim
     
  4. SF SGM

    SF SGM Member

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    Darn, saw the title and thought it was good old "Scare America Airlines" that used to fly us in Laos. Figured they had been out of business a long time ago. Oh well, another senior moment!
     
  5. blkcloud

    blkcloud Active Member

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    this breaks my heart.. they should have gotten some of acorns bailout money
     
  6. Big Heap

    Big Heap TS Member

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    For Seattle's biggest-spending liberal benefactor, bankrupt Air America was a costly flyer. By Rick Anderson



    Deep-pocketed political donor Rob Glaser undertook his biggest-ever political investment in 2004 when he handed over $10 million to prop up lefty talk-show network Air America Radio, giving him 36.7 percent ownership. But while the founder and CEO of Seattle-based RealNetworks Inc. successfully helped fund the 2006 Democratic revolt in Congress, he has been bloodied attempting a similar revolution in progressive talk radio.

    The network's challenge to Rush Limbaugh and other conservative talkers for the nation's hearts, minds, and ad revenues has ended up in bankruptcy, and Glaser, chair of the Air America board the past two years, faces millions in personal losses.

    He had already surrendered his network chairmanship by the time Air America Radio (AAR) and its parent corporation, Piquant LLC—Glazer's investment group—filed for Chapter 11 bankruptcy in October hoping to stay on the air while it reorganized and worked out a deal with its creditors, the biggest of which is Glaser. According to federal court records in New York, the network has $20.2 million in liabilities and $4.3 million in assets.

    Glaser's invest- ment share is listed at $9.8 million, which he most likely will lose, in addition to $475,000 he loaned the company — albeit small change to Glaser, whose personal worth is estimated by Fortune at close to $1 billion.

    His company, RealNetworks, is also owed $85,000, and former RealNetworks exec Eileen Quigley of Seattle is owed $29,000 in back wages and compensation, according to the filings.

    But even new ownership will have a struggle to keep the network together. Aside from the financial hole it has dug—including more than $300,000 in back rent on its New York studios, according to court filings—its talk headliner, comedian and author Al Franken, is expected to resign this year and run for the U.S. Senate from Minnesota. (He's also listed in the 25 pages of network creditors as seeking more than $360,000 in back pay).

    As the network's chief moneybags, Glaser could have a more direct role in progressive politicking compared to the supporter role he'd played as campaign donor. Based on a review of public disclosure reports, Glaser has been the largest single local donor to national political campaigns and causes in recent years—$2.4 million since 2003, almost exclusively to Democrats.

    That includes $1.9 million to America Coming Together, a Democratic get-out-the-vote drive, and $250,000 to America Votes, a progressive grassroots voter effort. He gave thousands as well to presidential campaigners Ralph Nader, John Kerry, and John Edwards and to a host of Democratic U.S. senators including Patty Murray and former RealNetworks exec Maria Cantwell.

    Glaser doesn't want to discuss his Air America role. "Rob has not been conducting interviews on this topic," says RealNetworks spokesperson Bill Hankes. But Glaser, 44, is sensitive to the drawbacks of mixing politics and business: When the former Microsoft executive launched RealNetworks in 1993, he initially dubbed it Progressive Networks, planning to deliver some sort of "socially conscious" content, as he called it, over the Internet, then had second thoughts when customers became more interested in the company's technology
     
  7. halfmile

    halfmile Well-Known Member

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    Yeah, no more orphanages to steal from, no more General Motors money, ..........breaks my heart.

    Maybe if someone listened to their crap they would have had a chance.

    Or if the pukes in Washington weren't so busy with the health care hornet's nest they could have pushed the Fairness Doctrine.

    Good Riddance.

    HM
     
  8. KenC

    KenC Member

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    Tough $#!+
     
  9. MOP

    MOP Active Member

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    The times they are a-changing!
     
  10. shooterIII

    shooterIII Member

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    Franken's win in MN can be contributed to the same thing as Obama "ACORN"
     
  11. oskerspap12

    oskerspap12 Active Member

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    Its about time they took the trash out....glad to see em go!
     
  12. halfmile

    halfmile Well-Known Member

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    I wonder who would want to cut their purse strings enough to take Rush, Hannity,Beck, etc off the air.

    This situation is proof nobody listens to liberal garbage.

    HM
     
  13. bill1949

    bill1949 Well-Known Member

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    Good riddance, hope MSNBC is next...Bill
     
  14. daddiooo

    daddiooo TS Supporters TS Supporters

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    My 2010 wish list:

    Pulling the plug on Air America.....done

    Stopping Obama care....nearly done

    Cap and trade.....done

    Conservatives taking back our country....in the works

    Global warming debunked.....done

    Running John Kerry out of office.....next on the agenda

    Al Gore run over by stray iceburg....hopefully soon (how fitting)

    Obama impeached for violating oath of office or treason.....hopefully soon.

    Run 100 from the 27.....still in the works
     
  15. grnberetcj

    grnberetcj Active Member

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    Ah, the real Air America....now them boys knew how to fly!! Never had a problem getting us to where we needed to be!

    The other Air America (radio)...well, I'm not sorry to see that trash gone!

    Curt
     
  16. puablo

    puablo Well-Known Member

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    These are the next 2 guys to go.
     
  17. Grizzlyman

    Grizzlyman Member

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    So much for the left's answer to "evil" conservative talk radio!
    Nobody wanted to listen to that nonsense at all.
    Bad business decision from the beginning. The libs don't look at sustainability though.
     
  18. pyrdek

    pyrdek Well-Known Member

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    Don't grieve to long or hard for "Progressive" talk radio Air America. I have noticed ramped up efforts on another major radio media network to fill the void. This network has always been a player but was a bit more subdued. No that their cohort is silenced, they are increasing the number of pieces they air that seem to always be worded just a bit to use negatives and back-handed jabs at the Conservatives while heaping praise on Obama and his ilk.

    The name of this newly invigorated "Progressive" promoting network is


    NATIONAL PUBLIC RADIO

    Just listen with an attentive ear to the way their (supposed) news and current events coverage tend to reflect the views previously aired by Air America but in a more hidden and biased manner. I have noticed it more in their afternoon news and current event programming than their morning offerings. It seems to have become more noticable with the passing of AA.
     
  19. Clayshooter08

    Clayshooter08 Member

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    PLZ take Rachael and Keith back we don't want them...GOOD THING!!!
     
  20. recurvyarcher

    recurvyarcher Well-Known Member

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    NPR has never been unbiased.
     
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