The Radio Equalizer: Brian Maloney

29 January 2007

Air America Radio Buyout, Stephen L Green


AAR Buyer Finally Emerges, Franken Bye-Bye

*** Also: give Maria Bartiromo a break! And: new items at SaveWRKO, and see main page for new Air America updates ***

With a deal finally
announced, the only surprise is that the "winning" bidder was a late entrant to the Air America Radio bailout race.

Who wants to waste millions more on this debacle? Apparently, several people do.

According to media sources, including the bankrupt company itself, Air America has been sold to Stephen L Green, a real estate baron and political player in New York City's lefty circles. He's also the brother of Mayor Bloomberg's most recent opponent, Mark Green.

The deal is still preliminary and must be approved by the bankruptcy court.

What isn't news is the added announcement that Al Franken will depart in mid- February, though he did remain on the air for several weeks longer than most thought he would, including us. His expected Minnesota US Senate announcement is now a certainty.

Oddly, during today's show, Franken apparently referred to both Green brothers as new owners, indicating a key role for Mark. Will he soon be added to the weekday schedule?

In its press release, Air America is still making crazy claims about having 81 affiliates and reaching 54 percent of the country:

Upon entering into the Letter of Intent, Stephen Green provided funds to Democracy Allies LLC, which has been funding Air America during the bankruptcy proceeding and which will continue to fund the company as it prepares a definitive purchase agreement for submission to the Bankruptcy Court.

Air America, which does business as Piquant, LLC and is headquartered in New York City, currently produces 19 hours of original programming a day and is heard on 81 affiliates reaching 54 percent of the country. Air America affiliates reach 1.9 million listeners per week, Mon-Sun 6am-12m.

From the Huffington Post:

Air America Radio, in Chapter 11 bankruptcy proceedings since October, will be rescued at the 11th hour by Manhattan real estate developer Stephen L. Green.

Al Franken, the best-known host of the liberal network, will announce his expected departure on his show later today, to explore a run for the U.S. Senate from Minnesota.

Green is the brother of Mark Green, the New York Democrat who served as the city's public advocate in the 90s and ran for mayor against Michael Bloomberg in 2001.

He has already signed a letter of intent, and plans to finalize a purchase agreement within the week.

Air America CEO Scott Elberg confirmed the sale. "This is a great thing, for our affiliates, the company, the audience and every employee in our organization."

Green is chairman of SL Green Realty Corp, a real estate investment trust specializing in office buildings with a market cap of $12 billion.

If Green hadn't stepped in, Air America's shutdown would have been a sure bet, as negotiations with the French family had been breaking down for over a month. But as recently as last week, the Wall Street Journal was reporting the French deal as a nearly- done deal.

As for the troubled network's future, we see no reason why its outlook would improve under this scenario. Though it's losing the huge expense of Franken and his overpriced help, he was also the top ratings- earner and best- known name in the lineup.

Even with Franken, Air America's ratings show no signs of growth and the network continues to lose affiliates, with more on the way. There's simply no business reason to keep it going.

Its biggest challenge will be to convince the public that it still exists! Some people assumed that it shut down at the time it declared bankruptcy.

In the end, what has changed is that a new guy is now in charge of moving deck chairs on the Titanic.

ELSEWHERE: updates at SaveWRKO.

The Money Pit: Pete at IHillary

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  • Well they've already done one good thing, getting rid of his molasses-dripped voice. I think they owe him $360,000, right? They signed him to a big multi-million dollar deal (just like Rush! only with one tenth of one per cent of Rush's listeners!) then overspent like crazy. $20 million in debt but the real estate guy can afford to pay
    that off, eh?

    I could laugh at the very idea of Franken getting elected
    but I come from a state whose moonbats succeed every time
    in re-electing...Kerry and Kennedy...How's the global
    warming up in Mary Richards-land, Al? Is it 20 below zero yet?

    By Blogger raccoonradio, at 29 January, 2007 13:37  

  • Whoever the Dems put forward should easily beat Norm Coleman. He was one of the Bush adminstration's biggest lapdogs and now that his seat is vulnerable he is pretending to be concerned about the "surge".

    What a petty little ankle-grabbing schmuck.

    By Blogger none, at 29 January, 2007 14:12  

  • "$20 million in debt but the real estate guy can afford to pay
    that off, eh?"

    Postal Employee Speaks Out On High Finance, Film At Eleven.....

    By Blogger hashfanatic, at 29 January, 2007 16:52  

  • To give you an idea of just how mentally ill and monomaniacal these right wing dirty tricksters like Brian are: Can you imagine a leftist forming a website just to ankle-bite the Fox News network during the early years when it lost literally billions of dollars and would have been closed were it not for Murdoch's plan to use it to tilt the American electorate to the right through deceptive broadcasting.

    Even more disturbing given the recent reports is why no one has looked into the source of an estimated $250 billion which has floated the utterly failed Washington Times newspaper, which was formed by the Chief Moonie to provide a legitimizing print venue for fantastical right wing nutjob takes on the news. Recent reports have hinted that much of this money may have come from international money laundering. Moon's Unification Church also arranges mass marriage ceremonies on the Mall for couples who have never met, and the GOP Congress recently gave him an honor they concocted similar to a British Knighthood. Moon is a convicted money launderer and constantly on the run from law.

    Stack those examples up against Air America which in struggling to tell the truth to the rightwing radio juggernaut of liars, was expected to survive on a shoestring and stand up on its own without an ideological savior, all the while with devious lying dirty tricksters working full time on blogs like this to collapse it.

    And Howard Dean says they helped swing the 06 election! You know, the one where you ultrarightists got your pasty flabby butts handed to you. The one you are so deranged that you claim you lost because you WEREN'T RIGHTIST ENOUGH!!! Get ready for 08, porkers!

    By Blogger gregrocker, at 29 January, 2007 18:30  

  • Is Stephen Green a Republican?

    By Blogger hashfanatic, at 29 January, 2007 18:49  

  • This comment has been removed by a blog administrator.

    By Blogger The Real Bob Anthony, at 29 January, 2007 18:51  

  • I guess I can get an idea as to who, if any of you (save raccoonradio), attended the pro-Iran, Hezbollah, Hamas, Al-Qaeda, Hollywood Left/Anti-War, Anti-American rally in DC--BUNCH OF LIBERAL COWARDS!


    For me, I'll get my talk radio from two sources--Jerry Doyle and Michael Savage! Hannity, Limbaugh, et al--THEY HAVE BIG EGOS!

    And I will ignore any of the leftist vitriol that you will flame my way!

    By Blogger The Real Bob Anthony, at 29 January, 2007 18:52  

  • Greg refuses to acknowledge that even though FOX News Channel lost money in it's early years, it:

    A) got increasingly better ratings as more markets came on-line

    B) sold ads

    Maybe if AAR showed even a hint of positive cash flow, you'd have a valid comparison. But they don't. For 3 years running now.

    By Blogger BF, at 29 January, 2007 20:28  

  • Lets dont forget the bogus funding that AAR received from pilfered funds of the boys club. At least Murdoch used his own money.

    By Blogger mauibob, at 29 January, 2007 20:56  

  • BF, Fox News didn't have liberals infiltrating its operation and sabotaging it, and an anti-conservative boycott driving away advertisers.

    But you may have one's harder to sell progressive radio rather than neocon programs. Neoconservative ideology, by its very nature, survives by lulling the listener into a false sense of security and patriotic fervor about themselves...and such people tend to shop with confidence, and spend money.

    With liberal radio, the truth is not comes at you, straight between the eyes. There's a natural tendency for someone to hunker down and be real careful with funds and extraneous expenses, just out of concern for your family's survival.

    Maui, are you in any way familiar with the Evan Cohen story, and exactly what went down with Gloria Wise? Are you familiar with the dynamics of Co-op City in general, or what's going on with the board up there in particular?

    I'd prefer debating the merits of the Green family, and their sudden interest in progressive media...

    I'd also love some final comments regarding Glaser and Company.

    Patriot...hasn't World Net Daily been updated yet?

    GO GET 'EM, hotdog!!

    By Blogger hashfanatic, at 29 January, 2007 21:24  

  • With liberal radio, the truth is not comes at you, straight between the eyes.

    You aren't serious, right?, you're serious. Perhaps you've been hit in the head too many times with 'the truth'...

    There's a natural tendency for someone to hunker down and be real careful with funds and extraneous expenses, just out of concern for your family's survival.

    So that's why they raided the Boys' Club funds, was it?

    By Blogger Pseudotsuga, at 30 January, 2007 00:55  

  • Stop your filthy lies about progressive talk radio not getting advertising. Here in Los Angeles, the listeners are complaining to the local hosts about the glut of commercials: Audi, 20th Century FOX, Carls Jr., BMW, Bank of America, etc, etc, ad nauseum. Some times they play seven commercials in a row!

    It is already proven that the Clear Channel Stations which were pulled after the election didn't even have advertising sales staffs. Their managers never wanted the lib format to begin with and smothered it in its crib.

    If you watch the HBO documentary Left of the Dial, you will see the reason AAR went broke. In the background workmen are converting a midtown Manhattan office suite into a network studio! This costs a fortune. And the backers never had the money they said they did. Yet, half of the Clear Channel affiliates are making money hand over fist. So it is time for good management at the national level, or bust for AAR and hello, Jones Radio!

    By Blogger gregrocker, at 30 January, 2007 07:37  

  • Hash and greg,

    You boys are in severe need of a timeout in a rubber room.

    Hash, yout drugs are really turning you into a paranoid wreck.

    By Blogger PCD, at 30 January, 2007 08:13  

  • At least Murdoch used his own money.
    No, he didn't. He used News Corp. money, which is shareholder money.

    By Blogger Justin, at 30 January, 2007 08:40  

  • Patriotworld - why are you calling liberals traitors? it just doesn't make any sense. there are no grounds for it, and you can't back it up. besides, it isn't like a bunch of liberals gathered up the Bin Laden family and Saudi royalty to safely send them back to their countries after 9/11. i'm fairly certain that was a conservative plan.

    it must be so hard for you to sleep at night, knowing that you are going to wake up and still be just as ignorant the next day. i pity you.

    By Blogger hardcore conservative genious, at 30 January, 2007 08:49  

  • With liberal radio, the truth is not comes at you, straight between the eyes. There's a natural tendency for someone to hunker down and be real careful with funds and extraneous expenses, just out of concern for your family's survival.

    We have nothing to fear but fear itself ... and LibTalk!

    If you watch the HBO documentary Left of the Dial, you will see the reason AAR went broke.

    I did. And I saw incompetent businessmen running a business incompetently. (And that included the new owners.) That, and a dearth of radio talent.

    By Blogger BF, at 30 January, 2007 09:19  

  • living in the 60's forever Pat world
    your tired rhetoric is exactly why America is leaving the Republican party in droves, by the millions

    still shrieking like an effiminatd sissy like Rudy Guilliani in drag about "Hanoi Jane'

    Schrieking like a sissy about imaginary "pro terrorists" at the rally. The only "pro terrorists" were the dirty little Freepers (all 10 of them) who tried to counter protest.

    No coward , families of Vets, and veterans are not "PRO TERRORIST". 20 CELEBRITIES were there and 200,000 patriots were there. Shut up, your propaganda tricks nobody. America rejects the right, and Michael Savage is a maniac, and anyone who listens to him is a crusty old man, who never served in Vietnam, yet still attacks the anti-war movement. I know your type, a joke. You shriek like a little pillow biter about Fonda, but you can not answer the queston, where were you in 72?
    Savage sounds like an unhinged, little girl, in the body of a man.
    America rejected you PAT WORLD.
    This country is past your stale old rhetoric
    America showed up Saturday in DC, to reject the pro-terrorist, war profiteering enemies of America, you call the Bush administration. America is angry, and they are especially angry at con cowards, who hate this country. You call yourself a "patriot", but a patriot would not call 200,000 Americans who love America and hate conservative war agenda, "Anti-American". You are the one who hates this country.
    America rejects you and rthe pillow biter Savage.
    GET IT?

    The con movement is dead in AMerica. You will remain powerless for years, and all the Savages and Levins in the world will not stop it.
    We are smarter than you think we are.
    America rejects your lies, distortions and McCarthiest bullshit


    You are a radical, on the outside looking in.
    Your own country has REJECTED YOU

    12%ers are the radicals
    They are the moonbbats
    America gets it
    Cons are on the wrong side of history, but than again they have nothing invested in Bush's filthy wars for oil, except their stock portfolio. Those at the anti-war protests have their families invested.

    Dirty, filthy, little neo-cons
    Make me want to hurl
    America is sick of your Corporatist agenda, your global war for profits and American contractors agenda.
    Pat world, you are the enemy of this country
    filthy little Corporatist enemy of AmericA


    (but than again it also gives me material for my radio show). It gives me insite into the mind of a 12%er

    dirty Corporatist war agenda is anti-American


    By Blogger Minister of Propaganda, at 30 January, 2007 09:23  

  • "...just to ankle-bite the Fox News network during the early years when it lost literally billions of dollars ...."

    Billions, Skippy? (sorry, Gregipoo, but you and that idiot MoP-ette are "Skippy" (think: Family Ties") in my book... and I seriously doubt you even KNOW what constitutes a "rocker").

    Care to cite your economical acumen? See, while Murdoch might have invested millions in starting a cable channel from scratch, he never came close to the "B" word....

    You "reality based" brothers just take it on faith it would cost ginormous amounts of bucks to rebut your brain-addled stuff

    By Blogger Unknown, at 30 January, 2007 10:14  

  • sewerboy,

    You are unhinged. Now, get yourself to a Bellevue rubber room before you hurt yourself

    Rush is right about the more libs like MoP, hash, and greg feel powerless, they crazier and unhinged they get.

    By Blogger PCD, at 30 January, 2007 10:33  

  • PCD







    By Blogger Minister of Propaganda, at 30 January, 2007 10:42  


    Your CAPS Lock says differently.

    By Blogger BF, at 30 January, 2007 11:02  

  • It really is amusing to read the lunatic ravings of someone addicted to CAPS LOCK... especially when said loon screams that he/she isn't unhinged. Funny stuff. Borderline parody. One can see the foam forming on the lips, the beads of sweat flying from the furrowed brow, the hands shaking as the keyboard is pounded into submission... most amusing. Carry on Moonbats.

    By Blogger Mr. Dart, at 30 January, 2007 11:37  

  • Why would WE feel powerless?

    Seems it's your little house of cards that's crashing down around YOU...

    AAR is still alive, despite your best efforts, and you really don't have much to say....

    By Blogger hashfanatic, at 30 January, 2007 12:07  

  • The new site is up for WAVZ , and it looks like they will be "ESPN 1300"
    (the site is only partially up and doesn't mention WAVZ except for the
    fact that when you click the "EEO Public File" link, it comes up
    "CCR (Clear Channel Radio) New Haven" ( the header says "New Haven's Sports
    Leader". (Oops, they're still working on it--"New Haven Weather" just got added) Don't
    know if the flip has happened yet but the site is being readied.

    By Blogger raccoonradio, at 30 January, 2007 12:09  

  • >>attended the pro-Iran, Hezbollah, Hamas, Al-Qaeda, Hollywood Left/Anti-War, Anti-American rally in DC--BUNCH OF LIBERAL COWARDS!

    Laura Ingraham sent two of her staffers to the rally and got
    great audio (Raging Grannies sing;
    people yelling on stage; and, when they asked "where can I sign up to join the Communist party" they were told where they could do just that.
    Then there was the guy who could
    barely speak English saying
    "Gringos out of Iraq...we have to stop the fun of war" (I think he was trying to say "funding")

    By Blogger raccoonradio, at 30 January, 2007 12:12  

  • AAR is still alive, despite your best efforts

    So is Castro (maybe), though I wouldn't want to trade places.

    By Blogger BF, at 30 January, 2007 12:29  

  • Racoon

    Laura Ingrham should be in jail for the same offense those demons in N.H tried in 2004, phone jamming.

    She isolated a few of the furthur left people out there, big deal

    did she play the clips of military families and veterans?
    of corse not

    ingram is a filthy little criminal
    who embaraswed herself nig time on election eve, so pomus, so drunk with power
    she never saw the doom comming, as she was egging on phonme jamming, her sick Republican party got destroyed.
    she is not credible

    out of 200,000 you can always fins a few fringers

    99% of those people there were patriots, deal with it racoon
    Ingram is a criminal and a drunk with power whore, who was badly deflated on November 7th
    nothing funnier that to hear her air checks on electin eve, insulting democrats, as we kicked her filthy little Bush whore ass all over America

    and if the other poster DOES NOT LIKE THE CAPS LOCK

    TO0 BAD


    take your Ingram clips
    shove um up your ass

    she has ZERO credibility, just a little Bush groupie, FLUNKE who broke the law on the radio

    she should be in jail

    america spoke Saturday

    America rejected you

    cling on to that sinking ship of neo-con failure

    The 80%ers wish this administration would disappear forever and smearing veterans against the war and military families as "communists" will not change a damm thing

    The UNITED STATES says


    america rejected you

    America wants cons removed from America
    got it??

    go back to the AM radio, the parallel universe
    Patriots are taking America back con-scum

    as far as Im concerned anyone who supports the GOP are enemy combatants and deserve to be deported to a torture jail in Syria
    (just like Bush has done to that Canadian citizen )

    By Blogger Minister of Propaganda, at 30 January, 2007 12:30  

  • I won't even bother to read your posts until you spell "raccoon" right.

    By Blogger raccoonradio, at 30 January, 2007 12:44  

  • Skippy MoP-ette?
    Is the last rant you farted one of them there "truth to power!" thingies?

    By Blogger Unknown, at 30 January, 2007 12:47  

  • Sewerboy, AKA Minister of Poop,

    YOu really are a head case. Also, in that earlier thread where you bleat that you have a Black wife, is that what matters to you that you think others will give you points for, that your wife is black??? Are you that much of a racist that the most important feature of your wife is that she is Black??/

    Sewerboy, why do you think that mentioning having a Black wife is a trumping argument on a radio blog?

    We really shouldn't poke sticks into your cage. It is akin to cruelty to zoo animals.

    Seek help.

    By Blogger PCD, at 30 January, 2007 13:07  

  • from Saint Jackass:

    It's called a brain, numbnuts. Next on the list: a clue when your friends all run away from you.

    Both, it seems, it far from your purview.

    Can you say that last word? OR DO WE NEED A MATRON?

    By Blogger Unknown, at 30 January, 2007 14:50  

  • We tried to get the last word in TC. But our comments were deleted. Glad to see Brian using some editorial discretion in filtering out the opposing viewpoints.

    By Blogger none, at 30 January, 2007 14:54  

  • I'm getting flooded with complaints about obscene comments left here.

    Some people tell me they've stopped reading the Radio Equalizer's comments section as a result.

    Please tone it down!

    By Blogger Brian Maloney, at 30 January, 2007 14:58  

  • Big surprise that you lefties think Laura Ingraham should be in jail. You think ANYONE who disagrees with you should be in jail. What good little Nazis you are. It sounds to me like you hate Laura Ingraham because she's hot, conservative, bathes & waxes regularly and would never be seen with the likes of yourself. And with a username like "hashfanatic" I question your taste in music. I mean seriously - Emmas Revolution? That's the "band" that played at that ridiculous parade of freaks in DC last Saturday. Brian et al - go to their website and listen to their crappy music. They're hilarious. They make Joan Baez sound exciting. They are the aural equivalent of one of those cheesy urban murals that you would see on the side of a building in a depressed part of town - complete with rainbows, oversized flowers and children holding hands.

    There weren't 200,000 people at your little rally. 30,000 maybe - and I surmise there were only that many because it was quite a side show of freaks. Markers for the anti-Bush signs: $5.63, Newspaper and finger paint for paper mache Dick Cheney head: $6.25, Emmas Revolution playing "Bound for Freedom" coupled with a drunken Sean Penn incoherently blathering on about ???: Priceless. I suggest we all go next time, bring some lawn chairs and watch the freaks. They're hilariously and deliriously stupid. Tim Robbins goes, "Did you all hear? Karl Rove was subpoenaed!" and they all clapped and cheered! I don't think they know what subpoenaed means. What idiots!

    By Blogger RR, at 30 January, 2007 15:16  

  • I wasn't clear. I was responding to "Minister of Propaganda" and "hashfanatic".

    By Blogger RR, at 30 January, 2007 15:20  

  • bad try, Elmo(nica),
    I never even came close to a SWEAR WORD.

    Your boys (or that wussy little Brooklyn POS, MoP), on the other hand, are dank in the sweat of crazy.

    By Blogger Unknown, at 30 January, 2007 15:21  

  • I'm happy to accept criticism here and you never fail to provide it. But this site is actually losing readers who can no longer stand the filthy nature of some of the comments.

    And yours was nothing more than a personal attack. Why not contribute to the topical conversations?

    We all know that a few of you hate me. The point has been hammered home hundreds of times. We get it, now it's time to move on.

    By Blogger Brian Maloney, at 30 January, 2007 15:21  

  • Apparantly you, Truthteller1, and all 4 of Air America's listeners are reading Brian's site.

    By Blogger RR, at 30 January, 2007 15:27  

  • First of all the only word I used that was close to being a cuss word was "naked" in reference to to people sitting around listening to their radios.

    Second, the comment was mostly in response to Raccoons criticism of the peace advocates and was directed at him and other dedicated listeners of conservative talk radio.

    Third, the phrase "pasty pudges" has been coined to refer to conservatives in general ranging from Dick Cheney to Dennis Hastert.

    By Blogger none, at 30 January, 2007 15:47  

  • Brian
    i don't hate you, i love your stupitidy and find you entertaining in that train wreck kind of way
    YOu really are a head case. Also, in that earlier thread where you bleat that you have a Black wife, is that what matters to you that you think others will give you points for, that your wife is black??? Are you that much of a racist that the most important feature of your wife is that she is Black??/

    what does my wife have to do with this thread about franken, the anti-war protest, and Laura Ingram? the most important feature on her is that she is in the army and could kick your skinny effiminated neo-con buttocks with her eyes closed.


    There were over 100,000 people at the march, deal with it. whore Ingrham broke the LAW, she encouraged phoe bank jamming, which is breaking the law. She embarassed herself on election eve acting all pompus as the GOP went down in flames and America celebrated

    T.C, As if Satan island is any better than Brooklyn, they are both sewers as far as I'm concerned. In 2 years I will be out of Brooklyn, i will be living in New Mexico, far away from knuckle dragging Bush sissies like yourself. The only thing worse than a neo-clown is a N.Y neo-clown, a rare breed indeed. I will cross the bridge when I please, the only problem is wasting $10 on my EZ pass for you is not worth the $$$.
    TC is a joke, this pillow biting effeminated Bushie actally thinks Staten Island (an arm pit as all of NYC is) is some Utopia.
    TC if you can ever make an actual argument that is clear and meaningful, maybe one day if your lucky we will have you on the ELPN. We are itching for a right winger to dare stwp into the studio and face a verbal thrashing.

    By Blogger Minister of Propaganda, at 30 January, 2007 16:36  

  • Staten Island is full of Republicans, and they all like Curtis Sliwa and think he's brilliant!!

    By Blogger hashfanatic, at 30 January, 2007 18:45  

  • MoP,

    I'd take your outrage about Ingrahm seriously if you weren't just as outraged when Franken spearheaded an effort to register non-Ohio residents in Ohio for the express purpose of voting for Kerry.

    By Blogger BF, at 30 January, 2007 20:22  

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