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Air America has signed off

From All Access this afternoon:

Rumors become reality as AIR AMERICA prepares to file for Chapter 7 and is ceasing operations.

The AIR AMERICA site reads:

"It is with the greatest regret, on behalf of our Board, that we must announce that AIR AMERICA MEDIA is ceasing its live programming operations as of this afternoon, and that the Company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business.

"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. ...

to be continued...

Answer Question
 
gdiamante

Asked by gdiamante at 5:33 PM on Jan. 21, 2010 in Politics & Current Events

Level 37 (95,167 Credits)
Answers (19)
  • cont'd:

    "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.

    "We will strive to assist affiliates and partners in achieving a smooth transition. Starting at 6p (EST) TODAY, we will provide our affiliates, listeners and users a selection of encore programming until 9p (EST) on MONDAY, JANUARY 25th, at which time AIR AMERICA programming will end.

    "We are proud that AIR AMERICA's mission lives on through the words and actions of so many former radio hosts who are active today in progressive causes and media nationwide. In the years ahead, as we look back, we should all be proud of our passionate determination to assure that our nation's progressive voice would be heard loud and clear."

    One more continuation...
    gdiamante

    Answer by gdiamante at 5:34 PM on Jan. 21, 2010

  • Through the hard work and dedication of current staff, and those who preceded you, a lasting legacy was forged which will now continue through other voices and venues."

    Thoughts?

    My own is that I don't like seeing this happen to ANY media outlet. I wouldn't want it to happen to FOX, or ANYONE. Bankrupt stations mean lost jobs.
    gdiamante

    Answer by gdiamante at 5:36 PM on Jan. 21, 2010

  • "The very difficult economic environment has had a significant impact on AIR AMERICA's business

    Businesses did not want to waste their advertising budget on something that only had three listeners.
    Carpy

    Answer by Carpy at 5:38 PM on Jan. 21, 2010

  • It's been a tough ad market for ALL programming...even the stations broadcasting Rush have had serious difficulties. I saw a lot of friends get laid off from one such station last year, even though the station was tops in ratings. Companies aren't buying, period.
    gdiamante

    Answer by gdiamante at 5:42 PM on Jan. 21, 2010

  • Finally--that thing on its death bed forever. Although for the post part I disagree with their politics, that is not what I found most objectionable about it--it was just lame--there was no entertainment value.
    Beckychr007

    Answer by Beckychr007 at 5:58 PM on Jan. 21, 2010

  • Are they blaming Bush?! :oP
    LoriKeet

    Answer by LoriKeet at 6:04 PM on Jan. 21, 2010

  • good night

    Anonymous

    Answer by Anonymous at 6:18 PM on Jan. 21, 2010

  • What ... no bailout ??
    waldorfmom

    Answer by waldorfmom at 6:47 PM on Jan. 21, 2010

  • LOL... It wasn't the economy... It was the whiny ass liberal commentators...
    grlygrlz2

    Answer by grlygrlz2 at 7:27 PM on Jan. 21, 2010

  • "Difficult economic environment?" HA!!

    More like no one wanted to advertise because no one wants to listen to what they have to say.
    Anonymous

    Answer by Anonymous at 7:54 PM on Jan. 21, 2010

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