Good Morning Bankruptcy: Air America Ends Live Programming as Company Files Chapter 7
Saturday, January 30th, 2010Another company bites the dust, as the economic downturn takes its latest–and one of few– entertainment victims.
Air America Media ended its live programming operations this week. The company touted as the “only full-time progressive voice in the mainstream broadcast world” acknowledged its Chapter 7 bankruptcy filing in its final broadcast:
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.…