http://stoptheaclu.com/archives/2006/09/13/air-america-to-file-for-bankruptcy/
Think Progress is reporting that Air America radio will announce filing for bankruptcy protection on Friday according to three independent sources. The company has experienced financial difficulties throughout its tenure, continuing to request infusions of capital and suffering the loss of several high-profile hosts. Five employees were laid off Tuesday without severance.
The radio has had several controversies in its brief tenure including a funding scandal involving Evan Cohen. Air America Radio was funneled $875,000 dollars from Gloria Wise Boys and Girls Club, a not-for-profit, in the form of a “loan” to fund its operations. Due to of the less-than-ethical funding arrangement, Gloria Wise Boys and Girls Club has been disbanded.
In another incident, The Randi Rhodes Show aired a skit that could have been interpreted as advocating the execution of the President George W. Bush. Several of the shows have been accused as fostering bigotry against Christians, Catholics in particular, and have been seen as lowering the dignity of political debate.
Think Progress is reporting that Air America radio will announce filing for bankruptcy protection on Friday according to three independent sources. The company has experienced financial difficulties throughout its tenure, continuing to request infusions of capital and suffering the loss of several high-profile hosts. Five employees were laid off Tuesday without severance.
The radio has had several controversies in its brief tenure including a funding scandal involving Evan Cohen. Air America Radio was funneled $875,000 dollars from Gloria Wise Boys and Girls Club, a not-for-profit, in the form of a “loan” to fund its operations. Due to of the less-than-ethical funding arrangement, Gloria Wise Boys and Girls Club has been disbanded.
In another incident, The Randi Rhodes Show aired a skit that could have been interpreted as advocating the execution of the President George W. Bush. Several of the shows have been accused as fostering bigotry against Christians, Catholics in particular, and have been seen as lowering the dignity of political debate.