Air America $20 million in debt

Bob Nelson
Fri Oct 13 12:27:56 EDT 2006

The network declared Ch. 11 bankruptcy today (ability to stay on air
while they reorganize and pay off debt). The Smoking Gun has details;
they owe $20 million (assets of $4 million)
including almost $10 million to Rob Glaser of Real Networks and $360,000 to
Al Franken.

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