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Politics : Err America: They Report, They Decide

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To: American Spirit who wrote (947)10/13/2006 10:51:01 AM
From: Glenn Petersen  Read Replies (4) of 1513
 
AP: Air America Radio Files Chapter 11

Friday October 13, 10:37 am ET

Liberal Talk Radio Network Air America Files for Chapter 11 Bankruptcy Protection

NEW YORK (AP) -- Air America Radio, a liberal talk and news radio network, has filed for Chapter 11 bankruptcy protection, a network official told the AP.

The network had denied rumors just a month ago that it would file for bankruptcy, but on Friday Air America said negotiations with a creditor from the company's early days had broken down.

The network will stay on the air while it resolves issues with its creditors, spokeswoman Jaime Horn told the Associated Press. A formal announcement was expected to be made later Friday.

biz.yahoo.com
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