Sheldon bombshell: egos, crony capitalism foiled Air America

All 1000 remaining Air America Radio listeners were shocked and saddened to read AAR co-founder Sheldon Drobny's exclusive, behind-the-scenes take on the downfall of that network: "AIR AMERICA RADIO: AN EXAMPLE OF EGO AND CRONY CAPITALISM" (that title will soon be converted to regular case by one of Arianna's minions).

I am not an accountant, but as near as I can figure it out the major investors elbowed out the minor investors, and even wanted to declare bankruptcy as early as September 1, 2006.

Like a shining knight, Sheldon and his wife rushed forward with a $2.5 million buyout plan, but were rebuffed:

But, the 3 people now responsible for running AAR post bankruptcy have a deal in the works and the old investors have been successfully eliminated despite their belief in the project.

Like martyrs throughout history, Shelly pledges to bravely soldier on:

As you may know, we have been doing our own syndicating with our company Nova M Radio and our first talk host, Mike Malloy is now in several cities and Sirius Satellite. We have other programming which will be quite compelling and help carry on the trend to break out of the beachhead established by AAR. And, we plan to take Nova M Radio public within the next 3 months to make the investment one that can be supported by the grass roots majority of this nation. Joe Trippe is working with us to help make that happen. Nova M Radio will have as its investors people that can legally invest in a public company for $50 or $5M. And they will have the pride of ownership of a radio network that will represent the shareholders and the general public and possibly change the face of media that was our dream in the spring of 2001.

Posted in Sheldon Drobny at December 23, 2006 12:35 PM

Comments

Nova Radio M is Air America part 2. Who the heck wants to listen to a moonbat like Malloy.

Posted by: GregD at December 23, 2006 02:41 PM

Oh no gregy; Im sure the republican parasites would like to keep inhaling Hannity & O'Liars B.S.as they keep sitting on their fat asses watching troops get thrown into the meat grinder for "Man or Monkeys" insane actions! FOR WHAT?

Posted by: Ozy at December 23, 2006 04:48 PM

There is something wrong with Sheldon Drobney... He refuses to face FACTS!!!!! Has his brain petrified?? Is he a pathological liar?? What is his major malfunction.....

Posted by: David Rogers at December 24, 2006 09:24 AM

Ozy...I am going to pretend you make sense. It shows how much you know what is really going on. Have you read any of history of Jihad? I doubt you have.

I don't remember AAR Dallas ratings. So, I am going to guess....0. Second, Greggie is how it is spelled. Merry Christmas, if your lucky someone will get you one Steve Emerson's books or a tin foil hat so Moonbat Malloy sounds better.

Posted by: GregD at December 24, 2006 04:43 PM