The Radio Equalizer: Brian Maloney

07 September 2006

Doug Kreeger, Air America, Piquant LLC Board Of Directors


Kreeger Apparently Frustrated With AAR

*** Exclusive To The Radio Equalizer ***

A key board member of Air America Radio's parent company has suddenly resigned, apparently out of frustration with the network's missteps, the Radio Equalizer has learned exclusively.

"Progressive" activist Doug Kreeger, who has been with the liberal talk radio outfit since its earliest days, exited Piquant LLC's board several days ago, according to an internal source.

Considered truly committed to the liberal cause, Kreeger also served as Air America's CEO at an earlier point in the troubled network's history. In addition, he has been a major investor in the company and likely still holds at least two million common and preferred units, as well as warrants. In a much smaller quantity, his wife Wendy has also held company shares.

At this point, however, these units could at best be described as illiquid assets, with little or no realistic cash value.

In addition, at key points where Air America saw a particularly urgent need for ready cash, Kreeger was there to help with further investment commitments.

Kreeger's ideological compatibility with Air America's leftist slant is certainly made clear in this 2005 opinion piece published by AlterNet:

If Roosevelt created the New Deal, then it is clear that Bush, in the wake of Katrina, has come up with the "Raw Deal."

In true religious fashion, Bush will take from Peter to pay Paul. From the start, we all just sat waiting for Bush to figure out how to respond, because it was clear that the likes of Karl Rove and Grover Norquist had to figure out a plan to take full political advantage of the crisis. What Iraq was for 9/11, Katrina is for the other two agendas of this administration: tax cuts and the faith-based initiative.

In his speech at New Orleans' St. Louis Cathedral, Bush used the "bully pulpit" not to bring people together, but to lecture his congregation, like a preacher. In the days after the tragedy he made biblical references; he talked about faith as if the Bible was the point of reference in a country built on laws guaranteed by our constitution. This President once again showed that he and his cronies are unable to think -- ever -- about the collective good of this nation.

In the days that followed, it became clear that this administration was going for broke on all their key issues. The answer to rebuilding is not to raise taxes, or defer enactment of the next round of tax cuts, or implementation of the estate tax changes, but merely to shift spending.

So who pays for this crisis in New Orleans? Simple. As the tax cuts continue, our grandchildren -- and perhaps their children -- will pay for the cleanup, while our national debt escalates.

When a major investor jumps ship in this way, it's a likely sign that the person has given up on the company. With so much invested in Air America Radio, that couldn't have been an easy decision for Doug Kreeger to make.

Meanwhile, the sometimes bizarre campaign to reinstate late- night fringe talker Mike Malloy continues, with additional video clips of his extremist rantings appearing on YouTube.

Contributed by "Stop Corporate Whores", here's another Malloy gem:

Thanks for your continued and vital Radio Equalizer support, via Amazon orders that begin with clicks here, regardless of what you ultimately order!

Losing image: David A Lunde

Technorati tags:


  • Phillip:

    Air America's failure really does have you angry, that's obvious between here and all of the other places where you spend lots of time trashing this website.

    One problem: you're one of the only people still defending it. Even the insiders have given up. Now there's just poor Phillip.

    It's been a suspect outfit from day one, but because you agree with their political opinions, they're saints. Instead of outrage over their diversion of non-profit grants into their own account, your anger is with those who dared to report it. How healthy is that?

    You know as well as anybody by now that the company has always refused to speak with the Radio Equalizer. Yet the reports always turn out to be correct. Why is that?

    It's over for Air America, Phillip, time to admit defeat, or in your case, make excuses like all the others in your camp.

    By Blogger Brian Maloney, at 07 September, 2006 17:41  

  • Brian,

    Your reports do not always turn out to be correct. Why? Because you've been predicting for over a year that AAR is about to die. In fact, your comment did so again. I'll certainly admit that it is a network beset with troubles (many of its own making), but it remains on the air. In certain markets, it even gets a decent share.
    How long must AAR survive until you acknowledge you were too quick in predicting death? After all, I can write with certainty that you and I will both die. It's the timing that matters, and you've been off on AAR's.

    By Blogger Justin, at 07 September, 2006 17:50  

  • Yes, Justin, they do turn out to be correct, based on the information available at the time.

    The wild card has been the money from Rob Glaser, which has unexpectedly bailed them out on a number of occasions. This time, however, it looks like the ATM is out of ca$h.

    By Blogger Brian Maloney, at 07 September, 2006 18:08  

  • No, not dead yet....

    But soon, my little ones... sooooon

    By Blogger Lokki, at 07 September, 2006 19:07  

  • You people are lucky that I'm in the mood today for sparring with the angry libs.

    Cspank, this is a politics and media website. I report what I obtain from my sources. None of it is gossip, it's always backed by documentation, which can't be published for legal reasons.

    If these reports were wrong, the network would say so. They're among the Radio Equalizer's most loyal readers, they never miss a day, and yet they say NOTHING. That's because the reports are true.

    It's obvious that the three of you don't work for AAR, because nobody in there is defending it anymore. Many have let me know that. They haven't in many months.

    Another thing I've noticed from the peanut gallery here is that you never have real information to refute my reporting. Have you thought about contacting the network for information on Doug Kreeger's board resignation? No, you'd rather engage in childish name calling.

    Watching Air America fail has got to be tough for you "progressives" (what a phony, loaded term if there ever was one), but there's no gloating on this end. I know these people well and some of them deserve this fate and others frankly don't. There are a number of innocent people that have been screwed.

    But I don't think you are capable of seeing anything except through a partisan lens. That's what motivates you to continue to attack the messengers, instead of focusing on why your ideas are so unpopular.

    By Blogger Brian Maloney, at 07 September, 2006 19:38  

  • So what?

    Randi and Sam will sooner or later be knocked off by the element that currently has the upper hand there, and the best we can hope for is that Malloy shall be hired by Sirius, the other two will be picked up shortly thereafter, and we'll be able to turn our backs on terrestrial radio completely, until the enemy is defeated.

    In retrospect, we should have anticipated such events, the minute the moneychangers got their hooks in the whole setup.

    I am completely uninterested in having fleshy union with the right-wing....this is all pointless and will set us up for an equally useless form of parasitic weasels with Che T-shirts and sellable interests (by all means, let THEM tend to the born-again freaks and Zionazis.....we have work to do, dealing with our true enemy.

    The hour will soon be nigh....

    By Blogger hashfanatic, at 07 September, 2006 20:47  

  • Talker-virtually EVERY single ad heard on the new station is targeted exclusively to a black clientele.

    By Blogger hashfanatic, at 07 September, 2006 20:49  

  • For those of you interested in hearing Mr. Malloy completely alert, incisive, and candidly direct, speaking about HIS situation, check out his interview with Guy James at head on radio and have an end to silliness and argument.

    By Blogger hashfanatic, at 07 September, 2006 20:53  

  • Having "consulted" with AAR, I bet I can name within two employees who is passing the dope to Maloney. My first guesstimate would be a so called exec who spent more time talking about how he voted for Bush than trying to make things work.

    As for the viability of AAR, since Randi is signed, I wouldn't bet againstt them. That said, don't bet that it will be the present configuration as a network.

    Watch Randy Michaels, Clear Channel and other organizations that want to get certain products on the cheap.

    By Blogger Nattarg, at 08 September, 2006 00:23  

  • cspank, it is on the verge of death, that would not be disputed by many on the inside at this point.

    That they've survived only because of last-minute cash infusions by Rob Glaser and George Soros is also highly relevant: it simply isn't a viable business and that's been my primary point all along.

    By Blogger Brian Maloney, at 08 September, 2006 00:49  

  • I would respectfully argue that it was never PERMITTED to be a thriving enterprise from day one.

    I can confirm that, yes, there is a definite schism within the "ranks" of AAR leadership....but that's by design...why not lay the blame for that on neocon desperation before the midterms, where it belongs? There are a few committed individuals still involved, like Randi, Sam, and even Rachel Maddow, who share Sheldon's founding vision of a voice of dissent among the darkening storm clouds of conservative radio's stranglehold on the AM dial, but the moneychangers and their minions were brought in, by design, to subvert whatever progress could be made.

    I'm not sure they even HAVE a business model anymore. It's about damage control more than viability to the element that controls the purse strings.

    Let it ride for now, let it ride.

    It'll all come out, when it is most effective and telling for it to do so.

    By Blogger hashfanatic, at 08 September, 2006 08:16  

  • As evidenced by the ABC fake blame Clinton for 9-11 movie, A.A is needed more than EVER, as my little internet talk show, their is a rise of fascism and propaganda in America. Air America is a good thing Brian, us "liberals" are trying to save America from a fascist like dictatorship, this is not a game

    By Blogger Minister of Propaganda, at 08 September, 2006 09:57  

  • "What I do doubt is your charge that AAR is folding. As long as I've been reading your blog, this has been your central thesis and is yet to be backed by anything substantive. "

    "A.A is needed more than EVER, as my little internet talk show..."

    Having watched the great Daewoo Automobile empire collapse, I find both of these statements amusing.

    Right up to the last, the true believers refused to believe that the financial vultures circling were anything but bluebirds of happiness.

    They insisted that people needed Daewoo automobiles because they were great cars at great prices.

    Kids - I hate to break it to you but Air America IS dying.

    A large ship just takes longer to sink, and people are willing to put more money into trying to save it than if it were a small one.

    To continue the analogy - Air America is literally being kept afloat by other people's money. There was never any doubt (in my mind) that it will survive until after the November elections.

    The whole political purpose of the exercise (to excite current and create new Democratic voters) is pointlessly wasted if they don't stay around that long.

    However, on 3 November the decision becomes whether to keep them alive for two more years in hopes of influencing the 2008 elections. My guess is that the loaners (donors?) won't be willing to stay the course.

    I was wrong about when Daewoo would fold. They stayed alive longer than I ever expected before dying (Korean Government money at one point) but die they did.

    So will Air America, and if you can't see the signs, you need either more or less medication.

    By Blogger Lokki, at 08 September, 2006 13:14  

  • Ah.... but the earth does move, Phillip.

    By Blogger Lokki, at 10 September, 2006 12:17  

Post a Comment

<< Home

Page Rank Checker

Powered by Blogger