From the NYT:
Read it here.
Air America, the progressive talk radio network, said Thursday that it would cease broadcasting immediately, bowing to what it called a “very difficult economic environment.”
“It is with the greatest regret, on behalf of our board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding down of the business,” the chairman of Air America Media, Charlie Kireker, said in a memorandum....
The headwinds were enormous, he said, adding, “Radio is a dying industry.”
"Dying industry"? I wonder what Rush Limbaugh will say about that.