Progressive Soap Box, Air America, to File Bankruptcy and Cease Programming
This memo at airamerica.com closes the chapter on a liberal talk radio outlet. The memo basically blames the economy. While economics (specifically supply and demand) are in-play, the economy is not why they lasted only 4 1/2 years.
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.
Just like Obama blames G.W. Bush for everything including the failed Coakley campaign, this liberal mouthpiece fails to understand that liberals already know everything and don’t need an informational show with them in mind.