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Air America Radio shits the bed again

via Raw Story | thinkprogress.org | Air America To Declare Bankruptcy, But Progressive Radio Remains Strong

Air America Radio will announce a major restructuring on Friday, which is expected to include a bankruptcy filing, three independent sources have told ThinkProgress.

Air America could remain on the air under the deal, but significant personnel changes are already in the works. Sources say five Air America employees were laid off yesterday and were told there would be no severance without capital infusion or bankruptcy....

The right wing is sure to seize on Air America’s financial woes as a sign that progressive talk radio is unpopular. In fact, Air America succeeded at creating something that didn’t exist: the progressive talk radio format. That format is now established and strong and will continue with or without Air America....

Too bad. I agee with the comments that much of the network has become a mouthpiece for the Democratic Leadership Committee, and that's a bad thing. Yes, we're talking about you, Al Franken. I just hope my beloved Randi Rhodes will continue to be streamed somewhere after the collapse. Of course, they could just keep rolling along, many bankrupted businesses do.