From Air America's website:
It is with the greatest regret, on behalf of our Board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the Company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business.
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. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry's long-time trade publication Radio and Records have signaled that these are very difficult and rapidly changing times.
We will strive to assist affiliates and partners in achieving a smooth transition. Starting at 6 pm EST today, we will provide our affiliates, listeners and users a selection of encore programming until 9 pm EST on Monday, January 25, at which time Air America programming will end.
Full story here
In my area, I could only listen to Air America programming online. There just aren't any stations in range, that I can get on a regular radio. In my area, the local NPR affiliate is the best talk radio available. Of COURSE we have the local station that carries Limpballs, InsHannity, Blech and others of that ilk.
Hopefully, we'll find at least some of the Air America talent being snapped up by someone else, so we can still have them, whether online or satellite radio.
(And, yes, I will get satellite one of these days!)
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