Effective immediately, Air America Radio will be shutting down operations and filing for Chapter 7 bankruptcy. According to a statement that takes up the front page of their website:
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.
The very difficult economic environment has had a significant impact on Air America's business. This past year has seen a "perfect storm" in the media industry generally. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry's long-time trade publication Radio and Records have signaled that these are very difficult and rapidly changing times.
It's unfortunate that megastar talent like Lionel couldn't turn them around, and this site sincerely wishes them the best of luck in their future endeavors. It's sad to see that one of the few ways for liberals to get their message out has been silenced; perhaps they'll be forced to turn to mimeographed samizdat in order to counter-act the establishment's lies.
As for this site, we started the day before Air America, and we'll still be around. Will we convert this into a site containing pictures of Janeane Garofalo when she was cute? A site keeping you up-to-date on Lionel's latest thoughts? Will we monitor CSPAN at 3am to see the moment when Al Franken throws his first chair on the Senate floor? All those are under consideration. Stay tuned.
Posted in Meta at January 21, 2010 04:19 PM
Monitoring Air America Radio [TM] so you don't have to.