Thursday, February 23, 2006

Air America Radio: Money Pit

For Air America, it has finally come to this: secure a bailout or begin to wind down operations. As a business entity, the liberal network just isn't cutting it.
Profit? That's a theoretical concept...

Given Air America's infamous ability to burn through cash, however, would $8 million allow the network to reach November? While that alone is only enough to fund operations for three to four months, combined with other revenue sources, it may be enough.