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Air America Sold For Peanuts

red states rule

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A few years ago, the left was giddy over the debut of the liberal radio network Air America

The NY Times gave glowing coverage before the network went on the air saying finally the left has their answer to Rush Limbaugh and Sean Hannity

Well, there was one tiny problem. The network had no listeners and no sponsors. Last year the netowrk went bankrupt and now Air America has been sold for only $4.25 million


Air America Fire Sale
Documents: Bankrupt liberal radio network to sell for $4.25 million
FEBRUARY 7--Bankrupt and about to lose Al Franken, its marquee star, Air America Radio is set to change hands for the bargain price of $4.25 million, according to new court documents. The sales figure was disclosed in a purchase agreement filed yesterday in U.S. Bankruptcy Court in New York. According to the agreement, the deal between Air America's owner, Piquant LLC, and a firm controlled by Stephen L. Green, a New York realtor, calls for Green's firm to repay up to $3.25 million in loans provided to Air America after the liberal radio network filed for Chapter 11 protection last October (the company listed debts of $20.2 million). Green's company will also give Piquant LLC $500,000 and pay off up to $500,000 in network debts (the bulk of which, $349,000, is owed to the network's Manhattan landlord). Green's bid topped by more than $1.25 million the nearest offer received by Air America, according to a motion filed along with the purchase agreement. An excerpt from that motion can be found below. Court documents do not specify how many bids were received for the network, though a filing notes that "more than ten interested parties" signed nondisclosure agreements and were allowed to review confidential network financial and corporate records. While Green controls the corporation purchasing Air America, two of the firms that were pre-bankruptcy investors in the radio network will "collectively own a minority interest" in the Green company. The Air America purchase is expected to be finalized at a court hearing in the next week. Franken, who is planning to run next year for a U.S. Senate seat from Minnesota, is scheduled to do his final Air America show on February
http://www.thesmokinggun.com/archive/years/2007/0207071airamerica1.html
 

CTRLALTDEL

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LOL!!!!! Proof that political radio only works for people who can't think for themselves. :razz:
 

Avatar4321

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LOL!!!!! Proof that political radio only works for people who can't think for themselves. :razz:

wouldnt people who think for themselves know how to make money off what they are saying and get an audience?
 

CTRLALTDEL

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wouldnt people who think for themselves know how to make money off what they are saying and get an audience?

If your audience is people who think for themselves and have thier own political views, who's gonna listen to you? I certainly don't need Al Franken to tell me what to think. I never listened to Air America and I don't listen to Rush either (well sometimes just for laughs).
 

T-Bor

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Red States ALL YOU DO IS BITCH AND WHINE AND COMPLAIN ABOUT THE LEFT !!! For Christ sake man give it a rest. Go look at everyone of your posts. You act like the Republicans are the cure and left is some kind of disease. You are just so brainwashed its disturbing. Within the first sentence of almost all of your posts you say The left does this or the Left does that. Dems believe this and that. But you never ever ever say anything wrong about the republicans. Like they are freaking saints or something. Like they never do anything wrong. Like Everything they decide is right. You are the most delusional person on this board and it is sad.
 
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Red States ALL YOU DO IS BITCH AND WHINE AND COMPLAIN ABOUT THE LEFT !!! For Christ sake man give it a rest. Go look at everyone of your posts. You act like the Republicans are the cure and left is some kind of disease. You are just so brainwashed its disturbing. Within the first sentence of almost all of your posts you say The left does this or the Left does that. Dems believe this and that. But you never ever ever say anything wrong about the republicans. Like they are freaking saints or something. Like they never do anything wrong. Like Everything they decide is right. You are the most delusional person on this board and it is sad.

:rofl: Something tells me I need to save this post for future reference...hee hee hee...
 
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If your audience is people who think for themselves and have thier own political views, who's gonna listen to you? I certainly don't need Al Franken to tell me what to think. I never listened to Air America and I don't listen to Rush either (well sometimes just for laughs).

I don't know why everybody's so freaked out about Rush. His show is BORING! The fact that he and I usually agree means nothing...If it doesn't entertain me and keep me thinking, I don't listen....yawwwwwn.......
 

Avatar4321

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If your audience is people who think for themselves and have thier own political views, who's gonna listen to you? I certainly don't need Al Franken to tell me what to think. I never listened to Air America and I don't listen to Rush either (well sometimes just for laughs).

Isnt it funny that those who claim to think for themselves all sound the same?
 
OP
red states rule

red states rule

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Red States ALL YOU DO IS BITCH AND WHINE AND COMPLAIN ABOUT THE LEFT !!! For Christ sake man give it a rest. Go look at everyone of your posts. You act like the Republicans are the cure and left is some kind of disease. You are just so brainwashed its disturbing. Within the first sentence of almost all of your posts you say The left does this or the Left does that. Dems believe this and that. But you never ever ever say anything wrong about the republicans. Like they are freaking saints or something. Like they never do anything wrong. Like Everything they decide is right. You are the most delusional person on this board and it is sad.

It seems the truth freaks out libs

I remember you from Perspectives and you have not calmed down at all. All I am doing it pointing out yet ANOTHER liberal failure in talk radio, and you do not like it

Libs on talk radio and on cable news networks have the worst ratings, while conservatives are at the top. This may be the reason Space Cadet Dennis Kucinich wants to bring back the Fairness Doctrine.

Since the people are to stupid to listen to liberal radio and TV, he deems to force them to by removing the conservatives from the airwaves

I have several disagrement with Pres Bush and I have posted on this board, Republicans lost the last election because they walked away from Reagan conservatism
 

eots

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air America like all mainstream news media is a sell out same on the right its all a clown show if they want to keep a audience and compete with the huge growth in independent media they all need to put spin a side for real and strive to be journalist and not party cheer leaders
 

Adam's Apple

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"Air America Sold for Peanuts" -- And that was way too much! :razz:
 
OP
red states rule

red states rule

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air America like all mainstream news media is a sell out same on the right its all a clown show if they want to keep a audience and compete with the huge growth in independent media they all need to put spin a side for real and strive to be journalist and not party cheer leaders

Problem for Dead Air America, is they had NO audience

or sponsors

or revenue coming in
 
OP
red states rule

red states rule

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What ever happened to that money that the "borrowed" from that children's charity to pay their own high salaries?

Still being checked out by SEC

Should be a good point to ask Al Freakin as he runs for the US Senate
 

CTRLALTDEL

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Liberal radio talk show will fail because no mindless drones will listen to it. Conservative talk show.......well that has a LOT of listeners. LOL!!!!!!:razz:
 

Annie

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Liberal radio talk show will fail because no mindless drones will listen to it. Conservative talk show.......well that has a LOT of listeners. LOL!!!!!!:razz:

Including you, 'for laughs'. That is the difference, entertainment.
 

CTRLALTDEL

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Republicans politicians are all the ENTERTAINMENT we need.
 

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