Rush Limbaugh's Having A Good Laugh Right About Now
Air America is bankrupt, fiscally speaking.
A lot of reasons why you shouldn't feel bullish about their future, but you should root for them anyway.
If you'd like to see just how much they owe -- and it's a lot to a lot of parties -- The Smoking Gun has the filing.
In the end, the concept of an all-liberal cum progressive talk network going 24/7 might not be a going concern. But as some posters on the New York Radio Message Board have suggested, AAR might be worth more in pieces than as a whole entity.
In other words, syndicate the most popular hosts, Al Franken, Randi Rhodes, etc., and don't tie down affiliates to carrying all the programming.
There are enough talk stations out there who would welcome some fresh voices, especially if they're shut out from carrying reactionary gabbers like Limbaugh, Savage, Hannity and Beck in their market.
Now's the time to test the waters, because the ship is sinking fast.