Wow! A Twofer!
Air America Goes Off the Air
Air America Radio is shutting down its operations after company files for bankruptcy.
Air America Radio, a progressive radio network that once aired commentary from Al Franken and Rachel Maddow, said Thursday it is shutting down immediately.
The company founded in April 2004 said it ceased airing new programs Thursday afternoon and will soon file to be liquidated under Chapter 7 bankruptcy. It began broadcasting reruns of programs and would end those as well Monday night.
Air America said 10 consecutive quarters of declining ad revenue and the difficulty of making money on the Internet contributed to its financial woes.
"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," the company said in a statement on its Web site.
Yes. "Generally." Just ask Limbaugh!
According to a story covered by the Drudge Report, radio talk show host Rush Limbaugh has signed a record-breaking deal to keep his program on the air through 2016. The total value of the deal is said to be over $400 million, including a nine-figure signing bonus.
"This election is about the importance of not just winning, but breaking their backs and crushing their spirits."
"This isn't about winning. It's about destroying the conservative movement, and their dangerous incompetence has given us an historic opportunity to deliver a killing blow."
Encore (and up another notch):