I know the subject line reads like bad news, but after reading the article I have higher hopes for left leaning Radio and Air America Radio. Jeez, AAR have more lives then a black Cat.......LOL
"In its search for a new chief executive this past summer, Air America Radio interviewed seasoned media executives in an effort to revive the faltering network. One interview took a bizarre turn, however, when the executive got into a political argument with Randi Rhodes, one of the network’s on-air hosts.
“I laughed and said, ‘You sound like Republican talking points,’ ” Ms. Rhodes recalled.
At Air America, business and politics always mixed, and that was the problem, critics contend. Begun with an onslaught of publicity in spring 2004 as an alternative to right-wing talk radio, the network is given some of the credit by its supporters for having helped achieve the Democrats’ Congressional election victory in November.
Detractors label the liberal network’s programming as combative, one-note and emotional. At least its business dealings seem to fit that last description. Even before Air America and its corporate parent, Piquant L.L.C., sought bankruptcy protection on Oct. 13, its management was engulfed in a series of financial crises. The search for new investors and managers has been marred by infighting among those who want the network to succeed, according to people in the organization."
http://www.nytimes.com/2006/12/18/business/media/18air.html?ex=1324098000&en=45e004064f38630e&ei=5090&partner=rssuserland&emc=rss