Tuesday, October 25, 2005

Air America on Their Financial Health: What's Wrong with this Picture?

A friend who writes under deep background as Flora McDonald points out one very telling paragraph in a statement from AAR CEO Danny Goldberg attesting to the network's solvency:
Air America is in strong financial shape. Last week we started broadcasting from our new multi-million dollar studios. Several weeks earlier the Board of Directors of Air America's parent company accelerated re-payment of a loan from the Gloria Wise Boys and Girls Club of $875,000 two years in advance of a previously agreed upon re-payment plan.
Priorities...priorities...new studios vs. destroying a Boys and Girls club...hmmm...providing health insurance for your employees vs. simply taking the money for health insurance out of their paychecks...lying about finances and ratings vs. admitting failure and your "non-profit" status. What's a Liberal network to do..??

Read all of Goldberg's letter here. He claims Right-wing media is to blame for AAR's money troubles and points the finger at Conservatives for trying to "stifle debate."

Seems to me it's not the Right that is "stifling debate" on AAR. It's their ratings.


Blogger Scott said...

"Left of the Dial" is an HBO documentary about the origins of Air America Radio and the difficult first few weeks the network was on air. Highly recommended viewing -- extremely entertaining, especially if you think Al Franken is an arrogant blowhard.

10/26/2005 07:44:00 PM  
Blogger Bohemian Like You said...

Yes, Left of the Dial is an accidental indictment of the network. What started as a piece showing Liberal radio could be profitable, actually documented its insolvency, fraud of investors and employees, etc... Worst of all -- no talent either - just criticism without solution - the hallmark of a hack.

Check out my post on it here - from April when it originally aired.

10/26/2005 09:12:00 PM  
Anonymous insanehippie said...

We all know that Air America Radio really is just a deep CIA Front company to bankrupt the liberals.

"Off the Air America Radio"
An evil plot by conservatives to bankrupt George Soros

I used to have my tshirt website on Zazzle but as of two weeks ago, they removed my account. Apparently they don't like conservatives that call them on their pro-abortion bias.

Good post as usual! :-)

11/01/2005 03:10:00 AM  

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