THINK PROGRESS: Air America To Declare Bankruptcy

Is Air America Radio on the Ropes? Think Progress tells us:

Air America Radio will announce a major restructuring on Friday, which is expected to include a bankruptcy filing, three independent sources have told ThinkProgress.

Air America could remain on the air under the deal, but significant
personnel changes are already in the works. Sources say five Air
America employees were laid off yesterday and were told there would be
no severance without capital infusion or bankruptcy. Also, Air America
has ended its relationship with host Jerry Springer.

source

I could do without Springer, myself. let's hope AA stays on the air.

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