Air America Radio investor Terry Kelly of Madison, Wisconsin - already on the hook for at least $460,000 in loans to AAR - is doubling-down, chasing good money after bad, and engaging in other activities related to signing a letter of intent to buy AAR out of bankruptcy, sources say.
The investor group he leads includes "a new strategic media partner he declined to name", according to the NYT. (George Soros? Time-Warner-AOL-Disney-Sun Microsystems? DreamWorks? Ted Turner? Adnan Khashoggi?)
In addition to watching his hometown's affiliate WXXM (FM 92.1) switch to Fox Sports, he can also watch as Boston's WKOX (AM 1200) and WXKS (AM 1430) switch to "La Nueva Rumba".
Posted in Meta at December 20, 2006 01:36 PM
Hey, that's progress. We can be happy that we have mindless music rather than some political discourse. I didn't agree with the voices on this station very often, but at least they provided a counterpart to the competely right wing Boston radio scene.
Posted by: John at December 22, 2006 08:23 PM
Monitoring Air America Radio [TM] so you don't have to.