Thursday, January 21, 2010

Air America Going Dark

It's been a bad week for liberals in the United States.

The U.S. Senate seat that was held for decades by the late-Ted Kennedy was lost by the Democrats to a Republican.

House Speaker Nancy Pelosi announced there's not enough votes in the lower chamber to pass the Senate version of health reform - which had been pushed by Kennedy and President Obama.

And now, liberal radio network Air America has pulled the plug and will likely file for Chapter 7 bankruptcy protection.

"The very difficult economic environment has had a significant impact on Air America's business," the network says on its website.

"This past year has seen a 'perfect storm' in the media industry generally. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry's long-time trade publication Radio and Recorfds have signaled that these are very difficult and rapidly changing times."

Air America isn't giving its affiliates much time to scramble for new content. It's now airing encore shows until Monday night, at which time its programing will end.

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