Air America has posted a statement on the company's Web site that it is ceasing live programming operations as of Thursday afternoon. At the radio company's Web site, there is this notice: "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 business."
In the statement, the "very difficult economic environment" is said to have impacted Air America's business, along with the past year's "perfect storm" of falling revenues affecting media.
...Let's not forget suck a$$ politics in heapin' helpin's, low down small minded twits who prove right in front of our faces that leftist policy is the death of commerce. Bankrupt morally way before the cash ran out, lets us give thanks the small minds have got their due...