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August 29, 2005

Fortune doesn't seem to buy Air America's ownership change

The Fortune Magazine article "Air America's Long, Odd Summer" discusses the scandal, and it contains many of the points that you're probably already familiar with:

...It was a bizarre story, but the new management's public response is proving to be even stranger. Following word of the investigations (Eliot Spitzer's state gumshoes have since joined in), Air America, whose CEO is now former record executive Danny Goldberg, retreated into opaque legalism. An official statement in late July explained that a new entity now controls Air America and that it "had absolutely no involvement" with the Boys & Girls Club. That was technically true, but it left out the fact that the new entity consisted of the same asset—Air America—and many of the same investors, including heavyweights such as RealNetwork’s Rob Glaser. In other words, the new entity looked suspiciously like the old entity.

Emphasis added. The article also mentions this site! Or at least, that's what I think:

...The network's strange behavior has been fodder for conservative bloggers...

It goes on to discuss the Multicultural suit.



Posted in Meta at August 29, 2005 04:21 PM

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