Rusted Sky

Air America Fire Sale - February 7, 2007

FEBRUARY 7--Bankrupt and about to lose Al Franken, its marquee star, Air America Radio is set to change hands for the bargain price of $4.25 million, according to new court documents. The sales figure was disclosed in a purchase agreement filed yesterday in U.S. Bankruptcy Court in New York. According to the agreement, the deal between Air America's owner, Piquant LLC, and a firm controlled by Stephen L. Green, a New York realtor, calls for Green's firm to repay up to $3.25 million in loans provided to Air America after the liberal radio network filed for Chapter 11 protection last October (the company listed debts of $20.2 million). Green's company will also give Piquant LLC $500,000 and pay off up to $500,000 in network debts (the bulk of which, $349,000, is owed to the network's Manhattan landlord). Green's bid topped by more than $1.25 million the nearest offer received by Air America, according to a motion filed along with the purchase agreement. An excerpt from that motion can be found below.

You know, for all the popularity (well, supposed popularity) of the left-leaning causes, you'd have thought Air America would be rolling in the dough. They certainly got enough press coverage - yet they couldn't make it. Admittedly, the two times I listened to them I turned it off - you want to talk about frothing hate, I couldn't stand the rants about the right and Bush. Guess it goes to show, you've got a limited audience for real hate speech, which is far from the disagreement you get from the right about leftist desires.

Hate's a hard sell, unless your audience is a crowd of KKK-emulating leftists, looking to string an owl-eating SUV driver up from the nearest old-growth tree. And for all their self-congratulatory speechmaking about how they were really the majority in this country, it looks like the only ones they were fooling were themselves.

J.