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Bankruptcy Talk Surrounds Air America
ThinkProgress.org has reported (via RadioInk) that Air America Radio is expected to announce a bankruptcy filing tomorrow.
But according to an Air America spokesperson, “No decision has been taken to make any filing of any kind. We are not sure of the source of these rumors.”
Jerry Springer is reportedly out at the network, and sources say five Air America employees were laid off yesterday and were told there would be no severance without capital infusion or bankruptcy.
This isn’t the first time Air America has been rumored to be facing financial difficulties. In March, rumors spread that it would lose its N.Y.C. flagship, WLIB/New York, and was facing financial challenges.
Those rumors were false.