http://www.chicagotribune.com/business/chi-0611010231nov01,0,7144294.story?coll=chi-business-hedNEW YORK -- Air America Radio is talking to several parties about a possible sale and is hopeful of reaching a deal before Thanksgiving, a lawyer for the liberal talk radio network told a bankruptcy hearing Tuesday.
Tracy Klestadt told the court that the privately held company was in discussions with seven different parties about a sale and was "very hopeful" of reaching a deal by Nov. 22, saying there was a "significant amount of interest."
The network, which went on the air with much fanfare two years ago, filed for bankruptcy protection Oct. 13 after discussions with one of its creditors reached an impasse.
Klestadt declined to say who the potential suitors for the company were, and a spokeswoman for Air America also declined to comment.
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