What is going on with Air America Radio?

[mandyky]

Heard several references to financial problems at AAR yesterday.

And why was Christy Harvey introduced as an AAR commentator? They should have put a talk show host up against that piece of crap Hugh Hewwitt! LHM!

[AdvancedProgress]

1. I may be wrong, but...

I remember reading that they were filing for bankruptcy protection. That was at least a few weeks ago. Sorry I don't have more info.

:-(

[KharmaTrain]

2. They've Filled For Bankruptcy

http://www.latimes.com/business/la-fi-airamerica14oct14,1,4062197.story?coll=la-headlines-business&ctrack=1&cset=true

Radio depressed advertising revenues along with AAR's long-running financial messes and poor marketing has landed the company in hopes of a big money bailout to keep going. So far no luck in finding that money.

Word has been circulating that AAR will be off the air by year's end.

[Armstead]

3. Clear Channel has been sold

Air America is dependent on Clear Channel as the owner of most the stations they are affiliated with.

[Atman]

5. Clear Channel sold to...hmmmm....

I heard Carlyle "Poppy Bush" Group was in on the bidding. How conveeeeeeenient. Purchase one of the largest media outlets, which controls most major markets. Hmm. What could the Bush family possible want with control of so much media coverage? Hmmmmmmmm.....

.

[Davis_X_Machina]

6. Mitt Romney's Bain Capital group...

...will be purchasing Clear Channel.

Romney is the English for 'Berlusconi'

[Atman]

7. Yeah, I just saw that in another thread.

Mitt Romney, the Carlyle Group...either way, the reasons should be pretty obvious.

.

[mandyky]

4. Thanks, thought it might just be the RWers

and sour grapes over the Midterm. Sorry to hear AAR is in a bad way financially!