Err America

[DoubleU]

They found a new backer, and now that overpaid fool will be off their salary, Air America still has a chance to make it.

[thumbelina]

Air America Fire Sale

Documents: Bankrupt liberal radio network to sell for $4.25 million

FEBRUARY 7--Bankrupt and about to lose Al Franken, its marquee star, Air America Radio is set to change hands for the bargain price of $4.25 million, according to new court documents. The sales figure was disclosed in a purchase agreement filed yesterday in U.S. Bankruptcy Court in New York. According to the agreement, the deal between Air America's owner, Piquant LLC, and a firm controlled by Stephen L. Green, a New York realtor, calls for Green's firm to repay up to $3.25 million in loans provided to Air America after the liberal radio network filed for Chapter 11 protection last October (the company listed debts of $20.2 million). Green's company will also give Piquant LLC $500,000 and pay off up to $500,000 in network debts (the bulk of which, $349,000, is owed to the network's Manhattan landlord). Green's bid topped by more than $1.25 million the nearest offer received by Air America, according to a motion filed along with the purchase agreement. An excerpt from that motion can be found below. Court documents do not specify how many bids were received for the network, though a filing notes that "more than ten interested parties" signed nondisclosure agreements and were allowed to review confidential network financial and corporate records. While Green controls the corporation purchasing Air America, two of the firms that were pre-bankruptcy investors in the radio network will "collectively own a minority interest" in the Green company. The Air America purchase is expected to be finalized at a court hearing in the next week. Franken, who is planning to run next year for a U.S. Senate seat from Minnesota, is scheduled to do his final Air America show on February 14.

[DoubleU]

I heard about this and then I checked the Bloom Countycomic page. The comic started was following the new lib talk radio station, and "today's" comic was:
http://www.gocomics.com/bloomcounty/1994/12/18/


"Somebody's got to keep the flame alive!"

[Spirit of Ronald Reagan]

"Somebody's got to keep the flame alive!"

Would it be considered rude to fart on their flame??

[newshutr]

No matter what, Berkley Breathed is funny as hell...

I wish he'd bring back Billy and the Boingers...

[DoubleU]

I am sure he is a Conservative, check out this comic.

[newshutr]

I still think one of the funniest was when he rhymed Caspar Weinberger's name in a poem!!

And the other, when the old couple was sitting on the front porch and all of a sudden they start shaking and vibrating. After it stopped, the old man turns to his wife and says, "That's it...the country just shifted to the right.."

[txradioguy]

Documents: Bankrupt liberal radio network to sell for $4.25 million


FEBRUARY 7--Bankrupt and about to lose Al Franken, its marquee star, Air America Radio is set to change hands for the bargain price of $4.25 million, according to new court documents. The sales figure was disclosed in a purchase agreement filed yesterday in U.S. Bankruptcy Court in New York. According to the agreement, the deal between Air America's owner, Piquant LLC, and a firm controlled by Stephen L. Green, a New York realtor, calls for Green's firm to repay up to $3.25 million in loans provided to Air America after the liberal radio network filed for Chapter 11 protection last October (the company listed debts of $20.2 million). Green's company will also give Piquant LLC $500,000 and pay off up to $500,000 in network debts (the bulk of which, $349,000, is owed to the network's Manhattan landlord). Green's bid topped by more than $1.25 million the nearest offer received by Air America, according to a motion filed along with the purchase agreement. An excerpt from that motion can be found below. Court documents do not specify how many bids were received for the network, though a filing notes that "more than ten interested parties" signed nondisclosure agreements and were allowed to review confidential network financial and corporate records. While Green controls the corporation purchasing Air America, two of the firms that were pre-bankruptcy investors in the radio network will "collectively own a minority interest" in the Green company. The Air America purchase is expected to be finalized at a court hearing in the next week. Franken, who is planning to run next year for a U.S. Senate seat from Minnesota, is scheduled to do his final Air America show on February 14.

http://www.thesmokinggun.com/archive...ramerica1.html

[thumbelina]

Documents: Bankrupt liberal radio network to sell for $4.25 million

http://www.thesmokinggun.com/archive...ramerica1.html

http://mightyrighty.com/forum/showpo...&postcount=102

[Isis]

Air America to relaunch with A-listers

Air America is scheduling a high-profile lineup of presidential candidates, political players and celebrities for next week as part of the liberal talk network's "relaunch" after suffering financial woes.

Democratic candidates Hillary Rodham Clinton, Barack Obama and John Edwards, along with luminaries like Robert Redford, Paul Newman and Gloria Steinem, are among the more than 30 guests scheduled, the network announced Thursday.