Air America Radio Bankruptcy, Network Purchase, Doug Kreeger
SAVED?
Source: Network Purchased By Kreeger's Investment Team
*** Exclusive To The Radio Equalizer ***
*** With Cincinnati Update Below ***
Just in the nick of time, has Air America Radio been saved from total collapse? For Al Franken and friends, Santa may have arrived early this year.
Or has he?
That's the as- yet unconfirmed news we're hearing this afternoon, with a source indicating that a group put together by former boardmember Doug Kreeger is purchasing what remains of the bankrupt liberal radio network.
We're also told that the investors, led by Showtime Executive Vice President of Corporate Strategy and Communications Mark Greenberg and Showtime Senior Vice President Roy Langbord, are gearing up for a January takeover and will have their own management team put in place.
Apparently, the bankruptcy court is giving Greenberg and Langbord about three weeks to finalize the deal.
Langbord has a long history of contributions to far- left causes, as seen in this report. He's said to be the largest investor in the deal, with Showtime itself playing no role whatsoever.
In addition, we don't believe that Kreeger (seen in photo) himself has contributed much, if anything, in the way of capital to the purchase.
As for programming, it's hard to know how many of the current shows will survive, particularly with Al Franken's now in such a precarious position. Also, the new regime is likely to replace at least some, if not many, of the current network staffers, we're told.
In addition, it will primarily focus on further developing the website, including the addition of video segments. The new Air America may have relatively little to do with talk radio programs.
When further details emerge, we'll be sure to report them here.
ALSO: libtalk cancelled in Cincy, according to this just- posted article in the Enquirer:
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Technorati tags: air america radio showtime networks roy langbord mark greenberg liberal talk radio air america bankruptcy democrat party liberal causes doug kreeger
Frankensanta: Pete at IHillary
Source: Network Purchased By Kreeger's Investment Team
*** Exclusive To The Radio Equalizer ***
*** With Cincinnati Update Below ***
Just in the nick of time, has Air America Radio been saved from total collapse? For Al Franken and friends, Santa may have arrived early this year.
Or has he?
That's the as- yet unconfirmed news we're hearing this afternoon, with a source indicating that a group put together by former boardmember Doug Kreeger is purchasing what remains of the bankrupt liberal radio network.We're also told that the investors, led by Showtime Executive Vice President of Corporate Strategy and Communications Mark Greenberg and Showtime Senior Vice President Roy Langbord, are gearing up for a January takeover and will have their own management team put in place.
Apparently, the bankruptcy court is giving Greenberg and Langbord about three weeks to finalize the deal.
Langbord has a long history of contributions to far- left causes, as seen in this report. He's said to be the largest investor in the deal, with Showtime itself playing no role whatsoever.In addition, we don't believe that Kreeger (seen in photo) himself has contributed much, if anything, in the way of capital to the purchase.
As for programming, it's hard to know how many of the current shows will survive, particularly with Al Franken's now in such a precarious position. Also, the new regime is likely to replace at least some, if not many, of the current network staffers, we're told.In addition, it will primarily focus on further developing the website, including the addition of video segments. The new Air America may have relatively little to do with talk radio programs.
When further details emerge, we'll be sure to report them here.
ALSO: libtalk cancelled in Cincy, according to this just- posted article in the Enquirer:
The liberal “revolution of talk radio” here is over.
Clear Channel has canceled progressive talk on WSAI-AM (1360) – a tough sell in a red state – after two years of low ratings.
“It wasn’t working. We thought it best to do something else,” says Tony Bender, program director.
The change also was prompted by Jerry Springer’s decision to quit his 9 a.m.-noon liberal talk show after today’s Friday rerun, and the uncertainty of the liberal Air America network, which declared bankruptcy in October.
The “revolution of talk radio” format was launched in January 2005 with Springer and Al Franken’s Air America show on 50,000-watt WCKY-AM (1530). It moved to weaker WSAI-AM in July.
On Monday, the station will unveil a lineup of consumer, relationship, home, car, garden and financial advice shows. Most will be tape-delayed or reruns, including old WKRC-AM broadcasts by fix-in expert Gary Sullivan, gardener Ron Wilson and auto mechanic Steve Overbeck.
Dr. Laura Schlessinger and Dr. Joy Browne also return on tape-delay after several years off local airwaves.
The station will be marketed as “1360thesource.com.”
Looking for gift ideas? Your Amazon orders that begin with clicks here, regardless of what you ultimately purchase, greatly help to support this site's efforts. Thanks again!
Also: Have a business or product to advertise? Our BlogAds Premium slot is now open! Click "Crank Up Your Own Levels" for more information.
Technorati tags: air america radio showtime networks roy langbord mark greenberg liberal talk radio air america bankruptcy democrat party liberal causes doug kreeger
Frankensanta: Pete at IHillary
published by Brian Maloney at
15:38
3 Comments:
Dr. Laura, America's premier hypocrite scold, is returning to Cincinatti? Good Lord! Hasn't that city suffered enough?
By
John, at 08 December, 2006 05:50
it will primarily focus on further developing the website, including the addition of video segments. The new Air America may have relatively little to do with talk radio programs
This comment makes sense as the 'network' may continue to exist, but it seems to be dropping stations rapidly. (See Boston, Cincinnati, et al).
A web presence costs very little, and will be about as effective as the current network. This would allow weary investors to participate with less expense than was involved during the glory days (back when ratings reached as high as 2.0 in some markets!)
A question for radio-insiders:
Don't political talk shows traditionally show a drop in ratings after the elections end?
Wouldn't this (theoretically) mean that Air America's ratings will drop farther?
Finally in Cincinatti - I can't shake the vision of Dr Laura as angry mother coming in to scold the city for having partied with the Jerry Springer. What a lecture that's going to be!
By
Lokki, at 08 December, 2006 09:02
Oy, vey.....
By
hashfanatic, at 08 December, 2006 17:21
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