It is with a touch of schadenfreude to deliver this news today. Air America Radio goes bankrupt, again.
Getting yet one more chance to learn the hard way how business economics works, for a lack of advertising support, they’ve just run out of ‘investors’ to keep them afloat.
There’s one thing about Liberals on a mission to compete with radio talkers on the Right. They refuse to learn from their mistakes. Watch for a new Liberal Progressive station, LP Radio for short, on a short wave frequency near you.
“The very difficult economic environment has had a significant impact on Air America’s business. This past year has seen a `perfect storm’ in the media industry generally,” the company said in a statement on its Web site.
The New York-based network said its “painstaking search for new investors” came close to succeeding even this week, “but ultimately fell short.”