All-liberal, all-the-time Air America is denying intense rumors that the ratings-challenged radio network will declare bankruptcy this week and attempt to reorganize to stay on the air for the November elections.From Karnick on Culture.
A high-level source told The Post that Rob Glaser, the Real Networks founder who rescued the 2-year-old network from its first financial crisis, "walked away last week" and took his moneybags with him.
Earlier this week, as first reported in The Post, Air America laid off six people and shuffled its on-air lineup - including deleting Jerry Springer and returning him to independent syndication.
Radio Equalizer, a blog that closely monitors Air America, claims the lefty net hasn't been able to pay its Associated Press bill and that staffers "have been bracing for the worst possible news."
Late yesterday, Air America spokeswoman Jaime Horn denied rumors of doom.
"If Air America had filed for bankruptcy every time someone rumored it to be doing so, we would have ceased to exist long ago," Horn told The Post. "No decision has been taken to make any filing of any kind."
Thursday, September 14, 2006
Get Your Red Meat Before the Store Closes. . . .
The rumors are flying, that the left-wing radio network Air America is about to shut down. The New York Post reports: