SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LindyBill who wrote (133688)8/22/2005 10:43:45 AM
From: paret   of 793837
 
Clinton, Gore Tried to Fund Air America

NewsMax ^ | August22, 2005 | Carl Limbacher

Ex-president Clinton and former vice president Al Gore personally tried to raise funds for the troubled Air America Radio network, the network's founder said Sunday.

Asked about the help Clinton and Gore provided, Chicago venture capitalist Sheldon Drobny told C-Span's "Sunday Morning Journal": "They helped us."

"How the helped us was to make introductions to a lot of good people," Drobny said. "Especially Al Gore, who introduced me to Al Franken. . . . He was my dream franchise player when we first conceived of the [radio] idea. And Vice President Gore was very helpful in making the introductions."

Ultimately, fundraising efforts by former White House duo went bust, Drobny said, insisting, "They didn't bring any major funding to the table."

Drobny chalked-up the Clinton-Gore failure to the trouble he had convincing investors that there was a market for liberal talk radio. "I mean, we really had to work hard to make believers out of even liberals," he claimed.

Asked about the financial scandal currently plaguing the network - New York City's Department of Investigation is probing a suspicious loan to Air America by a local Boys & Girls Club - Drobny said he couldn't discuss the matter.

"That particular transaction occurred with the previous ownership," he told C-Span. "And I cannot legally talk about it although I'd love to. But that was not our loan, it was a loan to the previous owners."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext