Air America in trouble.....yet again

Lethrneck4 · 10.13.2006, 02:09 PM

well well, Air America is in trouble....again, haha

they also lied about having to file bankruptcy for the last 2 weeks, denying and lying yet again

well, anyone who saw the HBO special Left of the Dial saw this coming...it is a classic example of how NOT to run a business, they should show that special to business students to show them what not to do...they owe al franken $300,000 or so and even hes fed up now....hey! Air America...you cant run a business on just air, you need money and you NEED to pay the people who are working and running it for you...such incompetence, no wonder the democrats and liberals couldnt win an election if it was handed to them...(kinda like in 2004), haha!

my question is, where are all the liberals and democrats who swore theyd listen to Air America?? i mean, how many of you hear even listen to it??

well, thats what ya get when this man is your #1 mouthpiece...a comedian, not even a politician...hahahaa!!

so sad ....

Air America Radio Files for Chapter 11
By SETH SUTEL, AP

NEW YORK (Oct. 13) - 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.Liberal talk radio network Air America filed for bankruptcy on Friday, after denying rumors that its insolvency was imminent.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.

Horn said Franken was traveling and was unavailable for an interview on Friday. Horn said Franken would comment on the bankruptcy protection filing on Monday.

Air America also said Friday it had named Scott Elberg as its new CEO. Elberg, who had worked at WKTU and also was a former general manager of the radio station WLIB in New York, has been with the network since May 2005.

The filing and executive shuffle marked the latest turbulence at the liberal talk radio network, which went on the air two years ago. This April, Danny Goldberg stepped down as CEO and was replaced by an interim chief executive from a management consulting firm.

"Nobody likes filing for bankruptcy," Elberg said in a statement. "However, this move will enable us to concentrate on informing and entertaining our audience during the coming months."

Air America has struggled financially since its inception. Documents filed with the bankruptcy court show that the company lost $9.1 million in 2004, $19.6 million in 2005 and $13.1 million so far in 2006.Air America also disclosed in the court documents that two directors departed in the last two months, Douglas Kreeger and Tom Embrescia. Gary Krantz also departed as president in June, and executive vice president Tom Athans and chief operating officer Carl Ginsburg left in July.

AP Business Writer Vinnee Tong contributed to this story.

10/13/06 10:36 EDT

ricechex · 10.13.2006, 04:46 PM

Ah, u conservative knucklehead, where ya been? The news has been very bad for u guys. Very bad indeed. Who cares about Air America, we're talking sweeping congress and establishing LAW again, then hopefully swift impeachment proceedings and tons of ethical questions for the GOP, the Grand Ol' Perverts.

Half the GOP is being investigated, dude! Today, i.e., it was Rep. Bob Ney pleading guilty to being bribed by a lobbyist..haha. Who will it be tommorrow? hmm.. i'm sure there's more to come.

So i have a better question, where have u been during the last six years?

static-harmony · 10.13.2006, 04:48 PM

I believe in some things Liberals say, and some what the right-wing say.

Lethrneck4 · 10.14.2006, 02:18 PM

Quote:

Originally Posted by ricechex

So i have a better question, where have u been during the last six years?

ive been enjoying life.....not bitter angry and pathetic like you

cheer up !!

hahhaa!

the funniest part is dems are yet again getting thier hopes up for these coming elections, and will, yet again, be sorely disappointed and start ranting again...i cant wait!!

Trasher02 · 10.14.2006, 02:48 PM

HaydenAsche · 10.14.2006, 02:59 PM

Lethrneck,

You continue to make me love you even more.

Always,
Hayden Leroy Asche

ricechex · 10.15.2006, 12:14 AM

and.. and today it was Curt Weldon.

Savage Clone · 10.15.2006, 01:25 AM

LEROY?

Danny Himself · 10.15.2006, 06:23 AM

Quote:

Originally Posted by Savage Clone

LEROY?

10.13.2006, 02:09 PM	#1
Lethrneck4 children of satan Join Date: Mar 2006 Posts: 293	well well, Air America is in trouble....again, haha they also lied about having to file bankruptcy for the last 2 weeks, denying and lying yet again well, anyone who saw the HBO special Left of the Dial saw this coming...it is a classic example of how NOT to run a business, they should show that special to business students to show them what not to do...they owe al franken $300,000 or so and even hes fed up now....hey! Air America...you cant run a business on just air, you need money and you NEED to pay the people who are working and running it for you...such incompetence, no wonder the democrats and liberals couldnt win an election if it was handed to them...(kinda like in 2004), haha! my question is, where are all the liberals and democrats who swore theyd listen to Air America?? i mean, how many of you hear even listen to it?? well, thats what ya get when this man is your #1 mouthpiece...a comedian, not even a politician...hahahaa!! so sad .... Air America Radio Files for Chapter 11 By SETH SUTEL, AP NEW YORK (Oct. 13) - 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.Liberal talk radio network Air America filed for bankruptcy on Friday, after denying rumors that its insolvency was imminent.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. Horn said Franken was traveling and was unavailable for an interview on Friday. Horn said Franken would comment on the bankruptcy protection filing on Monday. Air America also said Friday it had named Scott Elberg as its new CEO. Elberg, who had worked at WKTU and also was a former general manager of the radio station WLIB in New York, has been with the network since May 2005. The filing and executive shuffle marked the latest turbulence at the liberal talk radio network, which went on the air two years ago. This April, Danny Goldberg stepped down as CEO and was replaced by an interim chief executive from a management consulting firm. "Nobody likes filing for bankruptcy," Elberg said in a statement. "However, this move will enable us to concentrate on informing and entertaining our audience during the coming months." Air America has struggled financially since its inception. Documents filed with the bankruptcy court show that the company lost $9.1 million in 2004, $19.6 million in 2005 and $13.1 million so far in 2006.Air America also disclosed in the court documents that two directors departed in the last two months, Douglas Kreeger and Tom Embrescia. Gary Krantz also departed as president in June, and executive vice president Tom Athans and chief operating officer Carl Ginsburg left in July. AP Business Writer Vinnee Tong contributed to this story. 10/13/06 10:36 EDT __________________ the nerve, the unmitigated gall of this asshole - atari2600 i consider you dumb, ignorant, and irrelevant perhaps more than a fly, but less than a fart. a joke - !@#$%! Death by a firing squard of ten black gay men would be too good for this shithead. - atari2600 loser retard. pothead - !@#$%! you're a real prick for acting so daft & being so disagreeable on purpose - atari2600 On the contrary, tesla69 is idiota numero uno - atari2600
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10.13.2006, 04:46 PM	#2
ricechex the destroyed room Join Date: Mar 2006 Location: Princeton, NJ Posts: 582	Ah, u conservative knucklehead, where ya been? The news has been very bad for u guys. Very bad indeed. Who cares about Air America, we're talking sweeping congress and establishing LAW again, then hopefully swift impeachment proceedings and tons of ethical questions for the GOP, the Grand Ol' Perverts. Half the GOP is being investigated, dude! Today, i.e., it was Rep. Bob Ney pleading guilty to being bribed by a lobbyist..haha. Who will it be tommorrow? hmm.. i'm sure there's more to come. So i have a better question, where have u been during the last six years? __________________
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10.13.2006, 04:48 PM	#3
static-harmony invito al cielo Join Date: Mar 2006 Location: outside L.A Posts: 5,156	I believe in some things Liberals say, and some what the right-wing say. __________________
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10.14.2006, 02:48 PM	#5
Trasher02 invito al cielo Join Date: Mar 2006 Posts: 6,356	__________________ 666
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10.14.2006, 02:59 PM	#6
HaydenAsche invito al cielo Join Date: Mar 2006 Posts: 10,755	Lethrneck, You continue to make me love you even more. Always, Hayden Leroy Asche __________________ rip
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10.15.2006, 12:14 AM	#7
ricechex the destroyed room Join Date: Mar 2006 Location: Princeton, NJ Posts: 582	and.. and today it was Curt Weldon. __________________
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10.15.2006, 01:25 AM	#8
Savage Clone invito al cielo Join Date: Mar 2006 Posts: 11,290	LEROY?
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