By SETH SUTEL, AP Business Writer 31 minutes ago NEW YORK - Air America Radio, a liberal talk and news radio network that features the comedian Al Franken, has filed for Chapter 11 bankruptcy protection, a network official told The AP.
The network had denied rumors just a month ago that it would file for bankruptcy protection. On Friday, Air America spokeswoman Jaime Horn told The Associated Press that the filing became necessary only recently after negotiations with a creditor from the privately held company's early days broke down.
13 October 2006
Air America Crashed and I've Never Been Happier
Air America the liberal talk radio show filed Chapter 11 bankruptcy protection today. The company has been steadily loosing money since it's creation and is now officially bankrupt.
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