From the Chicago Tribune:
The Highland Park couple that founded the precursor to Air America Radio before selling most of it to a group of investors are in negotiations to gain control of the troubled liberal talk network, sources said Thursday.
Sources familiar with the negotiations said Sheldon and Anita Drobny want to buy--with the aid of at least one major new investor--a majority stake in the company.
"A possible acquisition is imminent," said one party involved in the negotiations...
There's commentary on this development here.
Posted in Meta at May 14, 2004 10:52 AM
Monitoring Air America Radio [TM] so you don't have to.