Air America $20 million in debt

Donald A.
Fri Oct 13 21:13:09 EDT 2006

Sound like you are talking about the "home team" with
some obvious passion.

You obviously have a dog in the fight....  ;-)


--- Donna Halper <> wrote:

> At 12:27 PM 10/13/2006, Bob Nelson wrote:
> My well-informed sources (people inside Air America
> Radio) say that a 
> large chunk of the money Al is owed is money HE lent
> Air America 
> during some times of financial crisis, just to keep
> it on the 
> air.  And one other well-informed source who is with
> a competitor 
> tells me Al is quietly shopping his show around to
> see if he can 
> place it elsewhere, in the event AAR doesn't get
> back on firm 
> financial ground.  There was a myth from Bill
> O'Lie-ly that Al was 
> being paid 500,000 a year or something-- I've seen
> some of the 
> financials, and no he wasn't paid anything close to
> that.  Like him 
> or not, Al really believes in progressive radio, and
> while AAR has 
> been run by some pretty inept people (including the
> dishonest 
> original founder, Evan Cohen, who incidentally was a
> long-time 
> Republican and supporter of Bush the Daddy... I only
> mention that 
> because some of those who are gloating on the right
> are ignoring that 
> a rightie is one of those who started this entire
> set of problems, 
> which AAR then compounded with some incredibly bad
> management decisions.)
> Interestingly, if it's "liberal talk" that is a
> failure, why are the 
> Ed Schultz Show and the Stephanie Miller Show, both
> syndicated by the 
> Jones Radio Network, either breaking even
> (Stephanie) or making a 
> profit (Ed)...  AAR's problems are more complicated
> than "oh 
> progressive talk can't work."  We've discussed this
> before, and I 
> don't wanna beat a dead horese, so I'll just remind
> everyone from the 
> right that it took Limbaugh SEVEN YEARS to become a
> successful 
> talker, and sponsors were hesitant about being on
> his show then, just 
> like many are hesitant to start off with progressive
> talk now.  But 
> when talk shows are interesting and are on stations
> where you can 
> actually hear their signal, and when there is a
> promotion budget to 
> support some outside events to bring in new cume,
> there are a number 
> of markets where progressive hosts are getting very
> good 
> numbers.  The format is just 2 years old-- let's not
> write it off 
> because AAR has never figured out how to run their
> business cost-effectively... 

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