Air America to Creditors: Drop Dead!

Air America Radio Files for Chapter 11

NEW YORK -- Air America Radio filed for bankruptcy reorganization Friday, in the latest patch of turbulence to befall the liberal talk radio network that launched two years ago headlined by the comedian and author Al Franken.

The network will continue to operate with funding from its investor group, led by RealNetworks Inc. CEO Robert Glaser, who owns 36.7 percent of the company, and two other former board members.

The company also named a new CEO Friday, Scott Elberg, a radio executive who joined the company in May 2005 following stints at the New York area radio station WKTU and other places.

Air America had dismissed rumors just one month ago that it was planning to file for bankruptcy protection. Spokeswoman Jaime Horn said Friday the filing became necessary only recently after negotiations with a creditor broke down.

Court documents showed that MultiCultural Radio Broadcasting Inc., a creditor with whom the network had tussled in its early days, had Air America's bank accounts frozen.

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How quintessentially "liberal". We owe you money? Screw you!

Fear not, Moonbats -- you still have NPR!

What is it about the Looney Left that they look to a failed comedian and a failed sports guy for opinion and analysis?

Al Franken!?! Keith Olbermann!?! You people stand on the shoulders of midgets!

These are the folks who believe they are smarter than the rest of us!