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Air America Files for Bankruptcy

Franken

As rumored, Air America has filed for Chapter 11 protection in U.S. Bankruptcy Court for the Southern District of New York.

The network, which offers 19 hours of programming daily with Al Franken as headliner, has said that the filing will allow it to continue operations while it deals with creditors, according to Radio Ink.

Air America changed its flagship station from WLIB to WWRL-AM owned by Access 1 in New York in September. The network has now had its assets seized by a creditor, which forced the network to file.

The network debuted two years ago without owning any stations for distribution. Still, it has managed to clear more than 90 affiliates and both satellite radio services, the article points out.

Related topics: Planning, Demographics, Radio...   

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