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BREAKING NEWS: AAR Has Just Declared Chapter 11 - Staying On Air-Will Reorganize

Just kind of retorting to the "conservatives don't really know how Ch. 11 works" comment.

(tune: Neil Diamond, "America")
Everywhere around the world
They laugh at Air America
Listened to Franken and I hurled
He's still on Air America

Where the libs are so angry
They're all on Air America
But now they're facing bankruptcy
Bad day for Air America
Bad day for Air America
Bad day for Air America, today!
 
It's nice that you have Sean to tell you what to think.

AAR never said never; they did not say they would never file for bankruptcy protection. They said they did not plan to do so a month ago. They were negotiating a buy out offer. It fell though. So they filed for Chapter 11. How is that "lame?" If they had gotten the cash buy-out, they wouldn't need bankruptcy protection.

Try reading and thinking for yourself instead of listening to Sean (or worse, Maloney) grind their axes for you.

And why is this topic even posted here. This is not a local radio issue. CBS owns KPTK and half their weekday programming comes from someplace other than the AAR network feed.
 
"They told the truth a few weeks ago when they said they were not declaring bankruptcy at the time. It sounded like they were in talks to get a cash infusion and there was no need to declare bankruptcy. But as those have now apparently fallen through, it's a new day."


Classic ;D


In second the hypocrat, yes hypocrat, who is crying about someone making a cheap shot when he did it first. Can we define liberalism any better than these two?

Did you really think they would apologize for calling people liars who as it turns out were telling the truth?

As for progressive radio, pacifica does it best, they sound like the average leftist democrat.
 
This will give them "breathing room."
They should dump the TOH news, which is rip and read anyway.
Dump the network concept and market the programming on a show by show basis, just like ABC, WW1,
TRN, etc., do with their talkers.
action central
 
 
FMFreq, welcome back! where have ya been, supporting discrimination somewhere else? we've miss ya.
 
raccoonradio said:
Maybe we'll have the government pay off AAR's debt...just like how they subsidize NPR.
Click to expand...

They can't afford it, they're already in debt 300 million dollars thanks to Dubya
 
Okay, it's my turn to weigh in. I said in a post about a month ago that there was no need for a company like AAR anymore. Now that lib talk is a secure format on dozens of talk radio stations, mostly owned by industry giant Clear Channel -- what's the need for "network" like AAR. What's the need for all the baggage, overpaid "stars" like Franken, a floor of offices on Sixth Avenue in New York, a bloated staff of "production, pr, and programming people, and a new CEO every month. Lib Talk is here to stay and AAR and more importantly Sheldon Drobny will get the credit they deserve for starting it. But it is now time to move on. Jones will be the big winner in this one. There will probably be a new another syndication company -- somehow I think Premiere (Clear Channel) will also be involved. -- maybe Randy Michaels. The good news is that talent will determine who survives and who fails now in Lib Talk.
 
I don't give the network too long. Randi Rhodes will get a traditional syndication deal someowhere, Franken will be gone, and more than likely the rest will go by the wayside.
 
RadioAndRecords had a piece on this, including a quote from AAR saying that during the reorganization they'll be "fully committed to broadcasting our popular programs". Popular programs? If they were popular the money would be rolling in and they wouldn't be in this fine mess!
 
>>Clever song parody.

Thanks and yes, have done other song parodies, like "Have Yourself a Kerry Little Christmas" and "Massachusetts" on Free
Republic. The "bridge" of "Kerry Little Christmas": "Ketchup heiress has lots of dough/Lots and lots of
dough, to spend/It won't buy you the White House though/For the voters know, my friend..."

Cheap shot? I only use expensive shots, sir! ::)
 
Have NPR/PRI, etc. live on contributions from "listeners like you" or get the FCC to allow them to go commercial.
"Whad Ya Know" will be right back after these messages!
 
Will landlord WWRL 1600 evict tenant Air America Radio after a little more than a month?
Click to expand...

One would think (or hope) that WWRL was smart enough to get a bunch of cash up front before blowing off their other programming for Air America.
 
raccoonradio said:
Smoking Gun
http://www.thesmokinggun.com/archive/1013062airamerica1.html

Liberal network lists $20.2 million in debts, assets of $4.3 million

(They owe Al Franken $360,000. Rob Glaser of Real Networks is owed nearly $10 million.)
Click to expand...

The copy of the court filing is a shocker. It looks like they have not been paying their bills for some time - maybe since Day 1. They still owe money to ICBC (WLIB's landlord) and to Multi-cultural Broadcasting (the owner of stations in LA and Chicago who pulled the plug on AAR two weeks after it launched). They also have outstanding debts to several affiliates (could this be pay to play money?). Also major bank debts (loans and credit card debts). Some of the creditors have secured claims (Franken is entitled to collect $10,000 of the $360,000 owed him). They owe Mike Malloy $115,000 and he can collect $10,000. Others have unsecured claims and may could nothing. Gloria Wise is lucky to have gotten their money back; others are not so lucky.

Even I did not think it was this much of a mess.

barooosk said:
Okay, it's my turn to weigh in. I said in a post about a month ago that there was no need for a company like AAR anymore. Now that lib talk is a secure format on dozens of talk radio stations, mostly owned by industry giant Clear Channel -- what's the need for "network" like AAR. What's the need for all the baggage, overpaid "stars" like Franken, a floor of offices on Sixth Avenue in New York, a bloated staff of "production, pr, and programming people, and a new CEO every month. Lib Talk is here to stay and AAR and more importantly Sheldon Drobny will get the credit they deserve for starting it. But it is now time to move on. Jones will be the big winner in this one. There will probably be a new another syndication company -- somehow I think Premiere (Clear Channel) will also be involved. -- maybe Randy Michaels. The good news is that talent will determine who survives and who fails now in Lib Talk.
Click to expand...

Amen.
 
fred flintstone said:
Maloney is reporting today that talks between AAR and Sheldon Drobny for a buy-out of AAR broke down and Drobny walked away from the table. Maloney claims both parties were "moments" from a deal. Maloney also speculates the walk-out could be Drobny's ploy to get a better deal out of AAR. If so, AAR may have called his bluff with the chapter 11 filing.
Click to expand...


Note these reports come -after- the announcement. I speculated about the same thing, but when I do it I say I am guessing... I don't say "sources said" or "exclusive." His "exclusives" consist of regurgitating bits from the bankruptcy papers. What was especially ironic is that on Thursday, he was telling his readers he was never at fault for the incorrect speculation that Air America was imminently declaring bankruptcy (although he spent the last month reporting it).

It's hysterical. His entire "inside" report today is 100% guesswork... again!
 
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