In a press release issued today, Air America said "The very difficult economic environment has had a significant impact on Air America's business." Really? Who is to blame for that? Surely not the Chosen One - it must STILL be George W. Bush's fault.
Air America also stated "Those companies that remain are facing audience fragmentation as a result of new media technologies, are often saddled with crushing debt, and have generally found it difficult to obtain operating or investment capital from traditional sources of funding." I guess the bank bailouts Obama and the Democrats fought for didn't loosen the purse strings like they said it would.
Air America should have checked under the cushions of Rush Limbaugh's sofa: they would have found enough to keep going for years based on the millions he is managing to make doing the exact same job, with a different point of view. You don't think that is the difference in success, do you?
The company then stated "When Air America Radio launched in April 2004 with already-known personalities like Al Franken and then-unknown future stars like Rachel Maddow, it was the only full-time progressive voice in the mainstream broadcast media world." If you're not counting MSNBC, CBS, ABC, CNN, NBC, Oprah, and PBS.
It seems when Obama said he would "spread the wealth," he wasn't expecting all of Air America's wealth to spread into the pockets of conservative talk radio. Adios, Air America!
Source: FoxNews.com, Huffington Post