Tonight, that sound is the air going out of Air America.
Now to be fair, the economy has sucked despite that stimulus plan last year.
Huh. Who does Air America blame for that?
The very difficult economic environment has had a significant impact on Air America's business. This past year has seen a "perfect storm" in the media industry generally. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry's long-time trade publication Radio and Records have signaled that these are very difficult and rapidly changing times.
But... I thought it was great when corporations fail?
Wasn't that pretty much Air America's theme song?
Anyway... the company that spawned Rachel Maddow, and sent her to another failing broadcast company, has finally gone under. Let's hope that Rachel can continue her magic where she currently resides.
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