Bulldogcakes
10-13-2006, 04:49 PM
<p><a href="http://www.breitbart.com/news/2006/10/13/D8KNVB6O0.html" target="_self" title="Air America Radio Files for Chapter 11"><font>Air America Radio Files for Chapter 11</font></a></p><p><font>
<a title="You can also highlight word(s) and then shift-click to search." href="http://search.breitbart.com/q?s=%22Air+America%22&sid=breitbart.com">Air America</a>
Radio filed for bankruptcy reorganization Friday, in the latest patch
of turbulence to befall the liberal talk radio network that launched
two years ago headlined by the comedian and author Al Franken. </font></p><p><font>
The network will continue to operate with funding from its investor
group, led by RealNetworks Inc. CEO Robert Glaser, who owns 36.7
percent of the company, and two other former board members.</font></p><p> </p><p><font> </font></p><p><font> Court
documents showed that MultiCultural Radio Broadcasting Inc., a creditor
with whom the network had tussled in its early days, had Air America's
bank accounts frozen. </font></p><p> </p><p><font> </font></p><p><font> Horn said
Glaser and Franken were unavailable for comment Friday, but she said
Franken would discuss the issue on his show Monday. Air America owes
Franken $360,750 in wages and other payments, according to the court
documents. </font></p><p><font> Air America has
struggled financially since its inception. Court documents show the
company lost $9.1 million in 2004, $19.6 million in 2005 and $13.1
million so far in 2006. </font></p><p> </p><p> </p><a href="http://www.breitbart.com/news/2006/10/13/D8KNVB6O0.html" target="_self" title="Air America Radio Files for Chapter 11"><font /></a>
<a title="You can also highlight word(s) and then shift-click to search." href="http://search.breitbart.com/q?s=%22Air+America%22&sid=breitbart.com">Air America</a>
Radio filed for bankruptcy reorganization Friday, in the latest patch
of turbulence to befall the liberal talk radio network that launched
two years ago headlined by the comedian and author Al Franken. </font></p><p><font>
The network will continue to operate with funding from its investor
group, led by RealNetworks Inc. CEO Robert Glaser, who owns 36.7
percent of the company, and two other former board members.</font></p><p> </p><p><font> </font></p><p><font> Court
documents showed that MultiCultural Radio Broadcasting Inc., a creditor
with whom the network had tussled in its early days, had Air America's
bank accounts frozen. </font></p><p> </p><p><font> </font></p><p><font> Horn said
Glaser and Franken were unavailable for comment Friday, but she said
Franken would discuss the issue on his show Monday. Air America owes
Franken $360,750 in wages and other payments, according to the court
documents. </font></p><p><font> Air America has
struggled financially since its inception. Court documents show the
company lost $9.1 million in 2004, $19.6 million in 2005 and $13.1
million so far in 2006. </font></p><p> </p><p> </p><a href="http://www.breitbart.com/news/2006/10/13/D8KNVB6O0.html" target="_self" title="Air America Radio Files for Chapter 11"><font /></a>