AP: Air America Radio Files Chapter 11
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Friday, October 13, 2006
(10-13) 07:51 PDT NEW YORK, (AP) --
Air America Radio, a liberal talk and news radio network, has filed for Chapter 11 bankruptcy protection, a network official told the AP.
The network had denied rumors just a month ago that it would file for bankruptcy, but on Friday Air America said negotiations with a creditor from the company's early days had broken down.
The network will stay on the air while it resolves issues with its creditors, spokeswoman Jaime Horn told the Associated Press. A formal announcement was expected to be made later Friday.
URL: http://sfgate.com/cgi-bin/article.cg...f073745D72.DTL
-
Friday, October 13, 2006
(10-13) 07:51 PDT NEW YORK, (AP) --
Air America Radio, a liberal talk and news radio network, has filed for Chapter 11 bankruptcy protection, a network official told the AP.
The network had denied rumors just a month ago that it would file for bankruptcy, but on Friday Air America said negotiations with a creditor from the company's early days had broken down.
The network will stay on the air while it resolves issues with its creditors, spokeswoman Jaime Horn told the Associated Press. A formal announcement was expected to be made later Friday.
URL: http://sfgate.com/cgi-bin/article.cg...f073745D72.DTL
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