Air America yesterday sought protection from its creditors under Chapter 11. biz.yahoo.com/ap/061014/a...kruptcy.html
That doesn't mean it is closing shop. It will stay on the air, and a plan will be worked out, hopefully, to pay off debt over time. If the plan falls apart, they might go Chapter 7 -- liquidation. A lot will depend on whether RealNetworks' Rob Glaser continues to supply angel financing.
Meanwhile, this right-wing bitch is laughing her ass off: michellemalkin.com/archives/005919.htm
That doesn't mean it is closing shop. It will stay on the air, and a plan will be worked out, hopefully, to pay off debt over time. If the plan falls apart, they might go Chapter 7 -- liquidation. A lot will depend on whether RealNetworks' Rob Glaser continues to supply angel financing.
Meanwhile, this right-wing bitch is laughing her ass off: michellemalkin.com/archives/005919.htm
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