Author Topic: What a great week - Air America going out of business.  (Read 2395 times)

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 39387
  • Doesnt lie about lifting.
What a great week - Air America going out of business.
« on: January 21, 2010, 02:56:13 PM »
Air America Ceasing Live Programming This Afternoon
 Source: Air America


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 very difficult economic environment has had a significant impact on Air America's business. This past year has seen a "perfect storm" in the media industry generally. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry's long-time trade publication Radio and Records have signaled that these are very difficult and rapidly changing times.

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. In this climate, our painstaking search for new investors has come close several times right up into this week, but ultimately fell short of success.

With radio industry ad revenues down for 10 consecutive quarters, and reportedly off 21% in 2009, signs of improvement have consisted of hoping things will be less bad. And though Internet/new media revenues are projected to grow, our expanding online efforts face the same monetization and profitability challenges in the short term confronting the Web operations of most media companies


Read more: http://airamerica.com /

________________________ ________________________ _________________-

The left is in meltdown. 

DU is in Chernobyl mode right. 

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 39387
  • Doesnt lie about lifting.
What a great week - Air America going out of business.
« Reply #1 on: January 21, 2010, 03:00:59 PM »
Air America Ceasing Live Programming This Afternoon
 Source: Air America


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 very difficult economic environment has had a significant impact on Air America's business. This past year has seen a "perfect storm" in the media industry generally. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry's long-time trade publication Radio and Records have signaled that these are very difficult and rapidly changing times.

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. In this climate, our painstaking search for new investors has come close several times right up into this week, but ultimately fell short of success.

With radio industry ad revenues down for 10 consecutive quarters, and reportedly off 21% in 2009, signs of improvement have consisted of hoping things will be less bad. And though Internet/new media revenues are projected to grow, our expanding online efforts face the same monetization and profitability challenges in the short term confronting the Web operations of most media companies


Read more: http://airamerica.com /

________________________ ________________________ _________________-

The left is in meltdown. 

DU is in Chernobyl mode right. 

Kazan

  • Getbig V
  • *****
  • Posts: 6803
  • Sic vis pacem, parabellum
What a great week - Air America going out of business.
« Reply #2 on: January 21, 2010, 04:04:49 PM »
What do you expect I don't know anyone that wants to listen to a bunch a cry baby let wingers, who don't know shit from shinola. Guess the fairness doctrine was their only hope  ;D
ΜΟΛΩΝ ΛΑΒΕ

240 is Back

  • Getbig V
  • *****
  • Posts: 102396
  • Complete website for only $300- www.300website.com
What a great week - Air America going out of business.
« Reply #3 on: January 21, 2010, 04:07:00 PM »
Brown wins in MASS....

suddenly the Dow is down 300 points, AIG is down 6%, and now another american company declares bankruptcy.


Wake up people.  This communist regime is less than 48 hours old.

Kazan

  • Getbig V
  • *****
  • Posts: 6803
  • Sic vis pacem, parabellum
What a great week - Air America going out of business.
« Reply #4 on: January 21, 2010, 04:08:55 PM »
Brown wins in MASS....

suddenly the Dow is down 300 points, AIG is down 6%, and now another american company declares bankruptcy.


Wake up people.  This communist regime is less than 48 hours old.

Ah for the good old days when Joe McCarthy would drag those commie bastards into the light
ΜΟΛΩΝ ΛΑΒΕ

Skip8282

  • Getbig V
  • *****
  • Posts: 7004
What a great week - Air America going out of business.
« Reply #5 on: January 21, 2010, 04:10:38 PM »
Brown wins in MASS....

suddenly the Dow is down 300 points, AIG is down 6%, and now another american company declares bankruptcy.


Wake up people.  This communist regime is less than 48 hours old.



We need McTones in here to diagnose you.  I'm guessing you're silver lining, knee-padding, drunk, or just flat out sucking Barry's dick.

MCWAY

  • Getbig V
  • *****
  • Posts: 19253
  • Getbig!
What a great week - Air America going out of business.
« Reply #6 on: January 22, 2010, 05:56:24 AM »
Air America Ceasing Live Programming This Afternoon
 Source: Air America


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 very difficult economic environment has had a significant impact on Air America's business. This past year has seen a "perfect storm" in the media industry generally. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry's long-time trade publication Radio and Records have signaled that these are very difficult and rapidly changing times.

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. In this climate, our painstaking search for new investors has come close several times right up into this week, but ultimately fell short of success.

With radio industry ad revenues down for 10 consecutive quarters, and reportedly off 21% in 2009, signs of improvement have consisted of hoping things will be less bad. And though Internet/new media revenues are projected to grow, our expanding online efforts face the same monetization and profitability challenges in the short term confronting the Web operations of most media companies


Read more: http://airamerica.com /

________________________ ________________________ _________________-

The left is in meltdown. 

DU is in Chernobyl mode right. 

Awwww MAN!!! You beat me to it!!!

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 39387
  • Doesnt lie about lifting.
What a great week - Air America going out of business.
« Reply #7 on: January 22, 2010, 06:01:32 AM »
The left wing "progressives" are getting slammed.  I love it. 


Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 39387
  • Doesnt lie about lifting.
What a great week - Air America going out of business.
« Reply #8 on: January 22, 2010, 06:14:11 AM »
you guys are such fucking assholes....



Actually, I am not happy about it since I love talk radio.  I like that DU is in meltdown dont get me wrong, but talk radio outlets shutting down is never a good thing. 

MCWAY

  • Getbig V
  • *****
  • Posts: 19253
  • Getbig!
What a great week - Air America going out of business.
« Reply #9 on: January 22, 2010, 06:19:33 AM »
Actually, I am not happy about it since I love talk radio.  I like that DU is in meltdown dont get me wrong, but talk radio outlets shutting down is never a good thing. 

Well, to operate a talk radio outlet, you need cash. Air America stinks (or should I say, stunk); it can't generate a profit, due to a faulty message and/or faulty messengers.

As the saying goes, if it don't make $$$$$$, it don't make sense.

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 39387
  • Doesnt lie about lifting.
What a great week - Air America going out of business.
« Reply #10 on: January 22, 2010, 06:22:50 AM »
Well, to operate a talk radio outlet, you need cash. Air America stinks (or should I say, stunk); it can't generate a profit, due to a faulty message and/or faulty messengers.

As the saying goes, if it don't make $$$$$$, it don't make sense.

Bashing businesses and crying every day like a bitch is not a way to attract advertisers.  Who would have guessed?

BM OUT

  • Getbig V
  • *****
  • Posts: 8229
  • Getbig!
What a great week - Air America going out of business.
« Reply #11 on: January 22, 2010, 06:23:41 AM »
Brown wins in MASS....

suddenly the Dow is down 300 points, AIG is down 6%, and now another american company declares bankruptcy.


Wake up people.  This communist regime is less than 48 hours old.

Yes,right after Obama AGAIN goes after banks.

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 39387
  • Doesnt lie about lifting.
What a great week - Air America going out of business.
« Reply #12 on: January 22, 2010, 06:27:00 AM »
Yes,right after Obama AGAIN goes after banks.

240 is just trying to stir the pot. 

BM OUT

  • Getbig V
  • *****
  • Posts: 8229
  • Getbig!
What a great week - Air America going out of business.
« Reply #13 on: January 22, 2010, 07:15:27 AM »
Gee,thats to bad.Where else will be able to hear the incredible insight from such brilliant thinkers as Rachel Maddow ?You see,on most netwroks you actually have to have people listen and get advertisers to stay on the air.

Soul Crusher

  • Competitors
  • Getbig V
  • *****
  • Posts: 39387
  • Doesnt lie about lifting.
What a great week - Air America going out of business.
« Reply #14 on: January 22, 2010, 07:24:31 AM »
Liberal talk radio? No one will buy it

By Jay Severin, 3/30/2004

________________________ ________________________ ______

AFTER YEARS of contemptuously dismissing talk radio as a vast, embarrassing wasteland of doltish, bigoted, old, angry, overweight, religious white men named Chuck, liberals suddenly want a piece of the action. Coming soon to a radio near you, the Liberal Talk Network.

Well, my "progressive" pals, prepare to confront a shocking fact: Talk radio is a business. As in must make a profit. Success requires capturing a vast audience, and more. As a business enterprise, it is virtually meaningless whether your listeners agree with you politically. Your audience must attract major advertising dollars. That's right -- we're not in NPR land anymore, Toto.

Al Franken, your latest great white hope, declared your mission: "We're going to put it to Bush." You're off by one crucial letter: To win this game, you don't have to beat Bush, you have to beat Rush. He and his cohort are far more formidable than you imagine.

Is there an audience for liberal talk? Sure. Just take a look at that notorious 2000 campaign map, a schizophrenic blotch of red and blue Americans. At any given moment, half the citizenry detests George Bush, an "illegitimate" president who "stole the election." The same people zealously hold Bush personally responsible for war, poverty, pestilence, famine, spotty cellphone reception, and the common cold. Here's your audience!

Yet liberals are, quite understandably, apprehensive that liberal talk will (again) flop because of a dreadfully glum message and deadly dull messengers. Recall Alan Dershowitz and Mario Cuomo -- two undeniable brainiacs -- who were Radio Death. But with a new cast of colorful, less erudite characters, the "talent problem" could be remedied (unless they are serious about Jeanine Garafolo).

But take another look at that map. The death knell you see lurking is audience demographics (i.e. it's the economy, stupid). Red (Bush) vs. Blue (Gore) is a distinction of ideology, but it is also, as frankly we know, essentially a division of social class, race, and income. The red audience is largely suburban, college educated, professional, middle class; the blue (potential) audience more urban, less well educated, lower income. And this difference will matter infinitely more in the radio booth than the voting booth.

You are planning to lure conservative talk listeners? Dream on. You ignore -- or are delusional about -- the gross mismatch between your product and your customers.

Your ethos, mantra, unshakeable article of faith, and every utterance will derive from the smug presumption that the values and views of nonliberals are the root of evil: "selfish" because we believe our taxes too high; "haters" because we disdain racial preferences and same-sex marriage; "cruel" because we believe in strong national defense, capital punishment, and actually oppose illegal immigration; and, of course, "stupid" because we reject your benighted viewpoint.

Yes, we know you believe with utmost sincerity that we are monstrous Neanderthals, but do you really believe your left-wing/pacifist/United Nations/French worldview will win a big middle-class audience? In America?

Understand: Your success depends on us embracing the utterly fantastic notion that we are what's wrong with America; that our national, cultural, and personal woes stem from taxes too low, affirmative action too meek, defense too strong, and illegal aliens too few. People who believe such twaddle are for the most part home watching Jerry Springer reruns. Numerous they are. A commercially viable national talk radio audience they are not.

Perhaps you will have some federal judge declare unconstitutional the radio ratings system? Or mandate an "earned audience credit" for the ratings impoverished? Which, of course, explains why this new liberal talk "network" is not a genuine business enterprise but rather a fully subsidized propaganda project, funded entirely by wealthy Democrat activists.

Lucky you. Back here on earth, those of us in radio must earn our way in the rough and tumble of -- imagine this -- competition. Just hope your liberal sugar daddies' munificence is boundless, because if they tire of losing money, you will be forced to produce real ratings and profits, too. The horror! (Don't worry: there's always taxpayer money and "NPR II," right?)

Here is a lesson from the early days of automobile rebates: Volvo alone eschewed the practice, instead adopting the motto: "When you build a good car, you don't have to pay people to buy it."

And thus it is Volvo (cruel irony!) who previews the liberal talk radio epitaph: Here lies an agenda we twice tried selling by radio -- once as sermon, once as comedy. But either way, paying customers just weren't buying.

________________________ _____________________

They could have saved a lot of $ $ $ if they olny took Jay's advice.

Hugo Chavez

  • Getbig V
  • *****
  • Posts: 31866
Re: What a great week - Air America going out of business.
« Reply #15 on: January 22, 2010, 03:56:40 PM »
sorry, did not intend on locking this topic.

240 is Back

  • Getbig V
  • *****
  • Posts: 102396
  • Complete website for only $300- www.300website.com
Re: What a great week - Air America going out of business.
« Reply #16 on: January 22, 2010, 04:02:04 PM »
most liberals are out having heterosexual sex or watching american idol.

left-wing talk radio is doomed.

Kazan

  • Getbig V
  • *****
  • Posts: 6803
  • Sic vis pacem, parabellum
Re: What a great week - Air America going out of business.
« Reply #17 on: January 22, 2010, 04:12:47 PM »
The funniest part is they put out a crappy product and them wonder why no one listens.
ΜΟΛΩΝ ΛΑΒΕ