Update (10:56 a.m.): Think Progress, the leftist site that broke the bankruptcy news, updates with a statement from Air America:
“If Air America had filed for bankruptcy every time someone rumored it to be doing so, we would have ceased to exist long ago; it may be frustrating to some that this hasn’t happened. No decision has been taken to make any filing of any kind, we are not sure of the source of these rumors and frankly can not respond to every rumor in the marketplace.”
Note the careful language. By “No decision has been taken,” the network means it probably will file for bankruptcy but hasn’t done so yet. At any rate, the $875,000 is still outstanding.
More from Radar Online.
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Last year when I was still chasing blogosphere scandal waves, it came to my attention that Air America had stolen money from poor black kids in New York. I joined the swarm. I think I’ll join this one, too.
The liberal radio network hemmed and hawed about “transferring” $875,000 from the Gloria Wise Boys & Girls Club to help their failing radio network. Wikipedia documents the scandal.
Meanwhile, Gloria Wise Boys & Girls Club was investigated by the City of New York(PDF) and faced the possibility of being shut down. The national Boys & Girls Club revoked its charter. Air America issued a faux righteous press release, but so far, it hasn’t paid back its “loan” in full.
Well, it looks like those poor black kids in New York won’t get any money from the liberal radio network (oxymoronic!). Air America has filed for bankruptcy. [It's a rumor, says AA.]
Bloggers Brian Maloney and Michelle Malkin covered the Air America scandal extensively last year, and they’ll probably be the go-to bloggers this year.
It all started a few years ago when liberals decided to make a run for talk radio. The success of conservative talk radio upset them, and they wanted to show the world that liberal gabbers could be good talkers, too. I argued that since liberals already dominated mainstream media, there was no point trying to topple Rush Limbaugh from the AM circuit. Besides, it wouldn’t work. Limbaugh built an audience the old-fashioned way. He found a market, started small, and reached a growing segment of people who were fed up with left-wing propaganda in newspapers and on TV.
But Air America marched on, building a radio network from the top down with rich liberals’ money instead of from the bottom up through “customers.” There is no market for liberal talk radio, but Al Franken and crew were determined they could compete with Limbaugh. Comical!
Pride, the Bible tells us, comes before a fall.
(Graphic by Darleen Click)
Blogger coverage: JustOneMinute, Right Wing Nation, Power Line, Decision ’08, The Moderate Voice…
