Reports of its non-demise were greatly exaggerated:
Air America Radio, a liberal talk and news “radio network” that features comedian Al Franken, has filed for Chapter 11 bankruptcy reorganization, a network official told The Associated Press.
The network had denied rumors just a month ago that it would file for bankruptcy. On Friday, Air America spokeswoman Jaime Horn told The Associated Press that the filing became necessary only recently, after negotiations with a creditor from the company's early days broke down.
Of course they were.
As the article notes, this is not an immediate liquidation bankruptcy; “the network will stay on the air while it resolves issues with its creditors.” "Nobody likes filing for bankruptcy," said the network’s new CEO. "However, this move will enable us to concentrate on informing and entertaining our audience during the coming months." That would certainly be a refreshing change of pace. After a certain point, though, I think one has to ask what difference it makes. If the network hasn’t found an audience after… how long has it been? A couple of years?… Is there any reason to think it can change its trajectory at this late date?
I added the scare quotes around ‘radio network,” by the way, since I’m assuming their absence was an oversight by the AP. I considered adding them around “comedian” as well, but that would be piling on. Besides, the Air America saga has been a source of genuine amusement for conservatives from the beginning. Not that all is fun and games, of course. Several successful radio hosts (by which I mean conservative radio hosts) have expressed concern that the Democrats, having failed in the free market, might revert to type and seek government intervention through a reenactment of the “fairness” doctrine.
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