Air America Ceasing Live Programming This Afternoon

[bijou]

swag   (1000+ posts)           Thu Jan-21-10 09:49 PM
Original message
Air America Ceasing Live Programming This Afternoon
   

Source: Air America

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. 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.

Those companies that remain are facing audience fragmentation as a result of new media technologies, are often saddled with crushing debt, and have generally found it difficult to obtain operating or investment capital from traditional sources of funding. In this climate, our painstaking search for new investors has come close several times right up into this week, but ultimately fell short of success.

With radio industry ad revenues down for 10 consecutive quarters, and reportedly off 21% in 2009, signs of improvement have consisted of hoping things will be less bad. And though Internet/new media revenues are projected to grow, our expanding online efforts face the same monetization and profitability challenges in the short term confronting the Web operations of most media companies


Read more: http://airamerica.com /

MinneapolisMatt   (598 posts)           Thu Jan-21-10 09:50 PM
Response to Original message
1. What a shitty week.
   

Bragi   (1000+ posts)             Thu Jan-21-10 09:51 PM
Response to Original message
3. Any other bad news out there?
   
Let's make this the worst week since Nov. 2004.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4236648#4236652

[SSG Snuggle Bunny]

 

That is all.

[formerlurker]

I thought Air America went under years ago.

[DumbAss Tanker]

Just saw this in our own Breaking News, I was still smiling from that when I opened this one!

 

[dutch508]

mopinko  (1000+ posts)        Thu Jan-21-10 05:05 PM
Response to Reply #14
15. i can't believe the number of democratic candidates that DIDN'T run ads on
 aar. starting with john ****ing kerry.  

I luv that song..

[Duke Nukum]

I thought Air America went under years ago.

A radio network so bad it has to go under twice!

[The Village Idiot]

A radio network so bad it has to go under twice!

This is the 3rd time actually and its a charm. Its probably gone for good.

[USA4ME]

newtothegame

16. Let's work on this rationally.

Of course, most of the posts will be about the conspiracy against liberal radio, media conglomeration, "corporate america," etc.

I truly believe this can be a beneficial learning experience though. Our product wasn't selling. The American people were not buying what we were selling. Why? And what can we do about it?

I can tell you but you won't believe me.

The reason people weren't buying what AAR was selling was because the market is saturated with liberal news.  I could go to NBC, CBS, ABC, MSNBC, CNN, PBS, NYT, Washington Post, the LA Times, NPR, etc... and hear the same thing I got on AAR.  AAR was just another voice in the liberal main stream media, it offered nothing new.

See, told you you wouldn't believe me.

.

[Duke Nukum]

This is the 3rd time actually and its a charm. Its probably gone for good.

Ah, I never heard of the second time then.  Isn't there some adage about drowning and going down three times?

[The Village Idiot]

Ah, I never heard of the second time then.  Isn't there some adage about drowning and going down three times?

They were also bought and sold a few times. It never made financial sense. They signed the idiot Franken to a big contract, paid up front and then he skips out...

About as well run as the Coakley campaign, may poop be upon her

[sharkhawk]

This is the 3rd time actually and its a charm. Its probably gone for good.

Did they run out of childrens charities to raid?

[The Village Idiot]

Did they run out of childrens charities to raid?

Somebody ran out of money, apparently PSA's and pleas for donations didn't pay them bills.

[Odin's Hand]

Well, their existence wasn't totally in vain. One of their on-air personalities got himself elected to the U.S. Senate courtesy of the voting populace of Minnesota perhaps due to his daily, anti-American diatribes.

[The Village Idiot]

Well, their existence wasn't totally in vain. One of their on-air personalities got himself elected to the U.S. Senate courtesy of the voting populace of Minnesota perhaps due to his daily, anti-American diatribes.

and another host became superstar at MSNBC, which has ten times the audience... lol.

[kenth]

MinneapolisMatt   (598 posts)           Thu Jan-21-10 09:50 PM
Response to Original message
1. What a shitty week.

There's one day to go. Surely we can cram in one more left wing loser of a day.  

[Specbid]

and another host became superstar at MSNBC, which has ten times the audience... lol.

Who's that?

[kenth]

Somebody ran out of money, apparently PSA's and pleas for donations didn't pay them bills.

Even those awesome hemp tote bags didn't save them?


 

[Mike220]

and another host became superstar at MSNBC, which has ten times the audience... lol.

Yeah, but ten times five people is 50 people. On a good day.

[The Village Idiot]

Who's that?

Pat Madcow.

[The Village Idiot]

Even those awesome hemp tote bags didn't save them?
 

did those tote bags ever exist? Did they ever really send them out to donors?

[Specbid]

Pat Madcow.

Oh...is that where that dyke came from?

[The Village Idiot]

Even those awesome hemp tote bags didn't save them?

Those bags are all-original from Cafepress. lol.



$13.99 right now.

Probably less tomorrow... didn't they give these away for like $100 donations?

[GOBUCKS]

Well, their existence wasn't totally in vain. One of their on-air personalities got himself elected to the U.S. Senate courtesy of the voting populace of Minnesota perhaps due to his daily, anti-American diatribes.

The Minnesota moonbats are the same group of pinheads that elected Jesse Ventura as governor, deadPaul Wellstone as senator, and the only state that Ronaldus Magnus did not carry, as they voted for their favorite moonbat son in 1984. To cap it off and prove their moonbat credentials, they like ice hockey.

I really thought Air America was immune from the effects of a recession, since they never had any advertising revenues to begin with.

[The Village Idiot]

Oh...is that where that dyke came from?

I think she had been broadcasting from a mattress-lined basement in Miami before that over a microradio station or something

[tuolumnejim]

There's one day to go. Surely we can cram in one more left wing loser of a day.  

Well I'd like to see this headline on any lib fishwrapper for Friday: 

Obamas Kenyan ancestry is fact!