Air America is going silent.
The progressive (READ: Socialist) talk radio network will cease live broadcasts immediately, a victim of an uncertain economy, a fragmented audience and dwindling advertising revenues in a crowded media marketplace.
“It is with the greatest regret, on behalf of our Board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business,” said Air America Media chairman Charlie Kireker in a memo to staffers on Thursday.
The network will switch to “encore programming” of previous shows until ending their on-air presence at 9 p.m. Monday.
Mr. Kireker blamed the network’s woes on the “perfect storm” of financial and marketing challenges facing the news industry in general, citing the recent bankruptcies of Citadel Broadcasting and the trade publication Radio & Records as prime examples.
……The network was launched with much ballyhoo in 2004, and included then-comedian and political commentator Al Franken and Rachel Maddow among its stable of talent. Jerry Springer, Arianna Huffington and Randi Rhodes were also regulars.
It couldn’t happen to a better “media”. No one listened to the frothing nutroots on that network, anyway. Now, it’s just as bankrupt monetarily as it was intellectually. Note to Al Franken: It really sucks when free market enterprise and public opinion run their course.