I just read that Air America has announced that it's filing a Chapter 7 Bankruptcy. That's the winding- down of the business type of Bankruptcy. Meaning its over, Johnny. I always thought that liberal ideas were bankrupt, but I never knew, you know, they were LITERALLY bankrupt.
Check out this explanation from Air America on why the business failed:
The very difficult economic environment has had a significant impact on Air America's business. 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 Records have signaled that these are very difficult and rapidly changing times.
I love it. These libs, they NEVER accept the blame/responsibility for anything-even their own business failures! Lets get this straight: according to Air America, they are filing for bankruptcy because there's a "perfect storm" of events killing the media industry? What a crock. They probably think that this so-called "perfect storm" was caused by global warming. But here is the real perfect storm that hit Air America: First they hired boring, condescending, self righteous, humorless, lecturing/hectoring hopelessly liberal radio hosts that NEVER connected with ANY audience. It was historically bad radio. Listening to Air America was more painful than being water boarded. In fact, if the CIA makes GITMO terrorists listen to Air America, I want the Justice Department to prosecute those unspeakably cruel CIA agents. Next, because it had no listeners, the only advertisers Air America could attract was for NAMBLA & some windmill manufacturer in Syracuse. I guess thinking that your advertising base would come from the "green jobs" industry that would come about with the Obamainist revolution wasn't the best business plan, right?
Bye bye Air America.
PS- I just yelled out my window and was able to communicate to more people than Air America reached all week.