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Air America Files for Bankruptcy


AIR AMERICA LOGO RACHEL MADDOW X180 (FAIR USE) | ADVOCATE.COM

Progressive talk radio network Air America will cease its live programming operations as of Thursday afternoon and will soon for for Chapter 7 bankruptcy, according to an announcement by the company.

Management cited poor revenue and rising business costs for the bankruptcy, as well as the general financial landscape of traditional media versus new media.

Al Franken, who has now become U.S. senator from Minnesota, was a founding member of the network's roster. Rachel Maddow, who has since catapulted onto MSNBC with her own nightly program, is also known widely for her Air America show.

"With radio industry ad revenues down for 10 consecutive quarters, and reportedly off 21% in 2009, signs of improvement have consisted of hoping things will be less bad," read a statement on AirAmerica.com. "And though Internet/new media revenues are projected to grow, our expanding online efforts face the same monetization and profitability challenges in the short term confronting the Web operations of most media companies."

Air America was broadcast in 100 outlets across the country. It will officially end all programming January 25 at 9 p.m.

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Reader Comments
  • Name: Teddy C
    Date posted: 1/22/2010 10:25:34 AM
    Hometown: Lancaster PA

    Comment:

    Mark, your ignorance is astounding. The reason is that NO ONE LISTENS TO LIBERAL CHANNELS!!! Its not that difficult to understand. Its a fact that liberals and progressives make up a very small percentage of the American population. Limbaugh, Hannity, Beck, etc, are saying what the majority of people in the country want to hear. Again, not that difficult a concept. America is predominantly conservative. They dont like listening to the hateful insulting drivel coming from sources like Air America. Want more proof, look at Fox's ratings compared to MSNBC. Fox is destroying them. I love it.

  • Name: Jonboy
    Date posted: 1/22/2010 3:58:26 AM
    Hometown: South Dakota

    Comment:

    Oh, I don't believe that. Perhaps those folks with a liberal mentality don't have the same brain waves as the Sean Hannity, Glen Beck, O'reilly or Laura Ingram audences. Call me biasised, but I mostly hear name-calling and sarcasim coming from them. Yet, they make the same complaints of liberal hosts such as Rachael Maddow. Keith Oberman has made comments, in response in my way of thinking, that O'Reilly likes to laugh at. Perhaps the conservative minded need to be told how to think and that is why they watch more. Liberals watch to 'know thy enemy."

  • Name: John
    Date posted: 1/21/2010 10:46:54 PM
    Hometown: Brooklyn

    Comment:

    The majority of media is now liberal. There is no need of Air America.

  • Name: Mark
    Date posted: 1/21/2010 8:47:14 PM
    Hometown: Wappingers Falls

    Comment:

    Why is it that the radical religious right/Republican party has Fox News, The Christian Broadcast Network, the Catholic Channel, and Clearwater? Where's the liberal channels? Why do they always go bankrupt?



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