Air America Radio files for Chapter 11 bankruptcy
Updated Fri. Oct. 13 2006 2:03 PM ET
Associated Press
NEW YORK -- Air America Radio, the liberal talk and news radio network that features the comedian Al Franken, has filed for Chapter 11 bankruptcy protection, a network official told The Associated Press.
The network had denied rumors just a month ago that it would file for bankruptcy protection. On Friday, Air America spokeswoman Jaime Horn told the AP that the filing became necessary only recently after negotiations with a creditor from the privately held company's early days broke down.
Horn declined to name the creditor with which talks had reached a logjam. The company will operate in the interim with funding from its current investor group, Horn said.
In addition to Franken, the network also features shows from liberal talk show host Randi Rhodes and syndicates shows from Jerry Springer and Portland, Ore.-based talk show host Thom Hartmann.
According to documents filed with U.S. Bankruptcy Court for the Southern District of New York, Air America owes Franken $360,750 and $9.8 million to RealNetworks Inc. CEO Robert Glaser, who owns 36.7 percent of the company and had previously served as its chairman.
Tracy Klestadt of Klestadt & Winters LLP, an attorney for Air America's parent company, Piquant LLC, said Rob Glaser had resigned as a director as of Friday morning. Glaser, along with two others, is providing new financing through Piquant investor group Democracy Allies LLC.
An Internet Fisherman who uses barbless hooks and this one dimensional world as a way of releasing the frustrations of daily life. This is my pond. You are welcome only if you are civil and contribute something to the ambiance. I reserve the right to ignore/publish/reject anon comments.
Saturday, October 14, 2006
Do You Want This Type Of Ineptness Running Your Country
Just another example of leftists not being able run anything effectively. They preach they have a just cause and they want to promote it but they expect others to put up the money. At least in this case Franken is going to take a personal hit and this I applaud. You saw this fiscal ineffectiveness during the 13 years of liberal rule....they stole money from the taxpayers by cutting back on transfer payments to the provinces. The City of Toronto is going farther and farther into debt and Miller and his leftist cohorts refuse to cut back on spending. McGinty is spending money like a drunken sailor, with some of this money coming from a tax that he promised he wouldn't raise, and we see teachers getting "rich" while students face cuts.
Subscribe to:
Post Comments (Atom)
About Me
- Unhypentated Canadian
- I lean to the right but I still have a heart and if I have a mission it is to respond to attacks on people not available to protect themselves and to point out the hypocrisy of the left at every opportunity.MY MAJOR GOAL IS HIGHLIGHT THE HYPOCRISY AND STUPIDITY OF THE LEFTISTS ON TORONTO CITY COUNCIL. Last word: In the final analysis this blog is a relief valve for my rants/raves.
Blog Archive
-
▼
2006
(914)
-
▼
October
(209)
- Boot Camps Might Not Be A Total Solution
- You Have To Take A Stand On Groups Like ACLU
- The People Have Spoken-Is Mayor Miller Listening
- Sue-Ann Update On Our Future
- Goldstein Versus Mercer
- More Jobs For Toronto
- Isn't It The Truth
- Daylight Saving Time Is Over
- Fantino Knows When To Kick Ass
- More For The Working Poor-Less For Bums
- Our Prayers Are With Premier McGuinty & Family
- Miller/Blair's Safety Plan At Work
- A Valuable Lesson In Tipping
- Before Deciding On Halloween Costume Read This...
- Hey Bloggers! It Is A Free Service
- Random Followups
- Another Example Of Two Solitudes
- Mutiny On The Good Ship Jack Layton?
- Putting Yourself In The Same Boat As OCRAP
- Maybe IT IS Time For Party Politics At City Hall
- Doesn't Say Much For The Voters Of Toronto
- Who You Friends Are Says A Lot About You
- Rosie Demanno Puts Things In Perspective
- Island Squatters Don't Understand Competition
- Teflon Mayor Plays It Safe
- Kopeto's Attire Appropriate
- Have Politicians Nothing Better To Do
- Did Peter Call Her A Dog-Definitly An Insult
- Is Anyone Really Surprised At The Action Of Fiberals
- I Wish We Could Get Off The Caledonia Issue
- I Appreciate Tor Pol Annoyance
- Enough Is Enough Is Right On The Money
- Let's See What Ann Is Up To.......
- Moscoe Is At It Again
- Where Does The Education Dollar Go?
- Will The Mayor Be There?
- Is Anyone Surprised
- Sad Day In Law Enforcement
- Tory World Needs Garth?
- Sanity In Politics In Kazakhstan
- Interesting Stats But Do We Have More Nurses
- Indians Don't Have To Take Back Seat To Islamicfas...
- Another Example Of Who Actually Runs City Hall
- Get Out Of The Way Or Risk Being Stomped
- Minimum Wage Is Not The Answer
- Don't Have A Medical Emergency This Week
- Add To Miller's/Blair's File On Street Safety
- What Is Your Definition Of Clean
- On The Election Trail
- I Like Maverick Politicians....
- You Want To Reduce Crime
- I Don't Care If We Reduce Crime
- What A Novel Idea...Totally Foreign To Leftists
- Give Your Head A Shake Howard
- When You Are Making A Decision About Voting
- Once Bitten Twice Shy
- Miller Made The Same Promise Jane
- A Pretty Accurate Assessment
- Leftist Lesson In Tolerance
- My Solution To The Two Solitudes
- A Late Entry Into The Race.......
- If You Can't Win Let's Change The Rules
- Leave It Up To Stephen Harper
- Is Goldstein Giving Miller Too Much Credit
- "mad as hell, won't take it anymore"
- Add To Miller/Blair File On Law & Order
- I Will Support eMail Voting
- The Black Hole Called Indian Affairs
- McGinty's Law & Order Iniatives Are Continuing
- Where Else Would You Rather Be
- Rumors Of Wrong Doing Won't Put a Dent in Miller C...
- Another Example Of Judicial Bias By Politcos
- A Question For Linda
- Harper Is Not Only Decisive But Has A Sense Of Humour
- Much Ado About Nothing
- The Faces Of Michael Ignatieff
- Sue Ann's Perfect Mayor
- My Experience With Public Transit
- Hey Miller, This Is Two Blocks From My Home
- No Surprise Who Is Opposed To Law & Order
- Let's Respect A Mother's Concern & Love
- Pittfield On Crime & Other Issues
- Desertions From Liberal Ship Prove Harper Right
- Province Did Not Consult With Hells Angels Either
- More Proof McGinty Has Done The Right Thing
- Where Is The Meat & Potatoes In Miller's Campaign
- Rally In Caledonia
- Do You Want This Type Of Ineptness Running Your Co...
- Do You Want This Type Of Ineptness Running Your Co...
- General Comments
- Power Broker Re-Alignment
- Obviously Not A Fan Of Madonnas
- George Is Homeless
- Christopher Hume Zeros In On Who To Blame
- The Star Is Still On Fantino's Case
- Immigrants Have A Voice
- Let's Support Porter Airlines
- Donato Is Way Off Base & Corrigan Has Drifted Left
- Better Late Than Never
- I Wouldn't Go To That Extreme
-
▼
October
(209)
No comments:
Post a Comment