Air America to declare bankruptcy

[raysr]

Air America To Declare Bankruptcy, But Progressive Radio Remains Strong

Air America Radio will announce a major restructuring on Friday, which is expected to include a bankruptcy filing, three independent sources have told ThinkProgress.

Air America could remain on the air under the deal, but significant personnel changes are already in the works. Sources say five Air America employees were laid off yesterday and were told there would be no severance without capital infusion or bankruptcy. Also, Air America has ended its relationship with host Jerry Springer.

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http://thinkprogress.org/2006/09/13/air-america-bankruptcy/

[Nutmegger]

1. Jezzus back and forth

Which is it?:shrug:

This looks like the announcement from before...?

[NMDemDist2]

2. AAR has denied it, keep reading TP there n/t

[Berry Cool]

3. Oh man, I knew when Randi said there was a meeting this afternoon

and kept putting off saying anything about it on air, something was up.

Can't say I'm sorry to see them dump Springer, though.

Then again, look on the bright side, folks. In the corporate world, bankruptcy is just a stumbling block on the long-term path to success.

[LSK]

4. not quite

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x2129716

[Berry Cool]

5. This whole thing is so damn confusing.

And the fact that they wouldn't clear the air right away didn't help.