When liberal radio network Air America filed for bankruptcy last month, it left some of its high-profile contributors, including Rachel Maddow and Ron Reagan, holding the bag as creditors.
The New York TimesMedia Decoder blog reports that the company's unsecured debts exceeded its net worth by more than $15 million at the time of bankruptcy filing, with most owed to Pendulum Media, the company run by Air America's chairman, Charlie Kireker.
"But when the lefty chatter stopped, some of the talkers had not been paid for the last of the airtime they filled," reports Media Decoder. "Ms. Maddow was due $3,952 for her services, which appeared to be about two-thirds of her monthly pay of $5,833. Mr. Reagan's company was owed $6,351, two-thirds of his monthly pay of $9,375."