Air America: A Sinking Ship?
For those of us who haven’t been following news on Air America, Megan McArdle provides an update on the liberal radio network’s financial troubles and other structural problems. Among some of the indications of financial instability are reports of employees not receiving reimbursement for costs to attend a swanky $70,000 Manhattan party celebrating Air America’s founding, and a fight over Al Franken’s $1 million contract. Worst of all, Air America has claimed to have raised $30 million when in fact the network has raised only $6 million.
The WSJ article is subscriber only, but I found an AP/WSJ article at MLive.com
UPDATE: The MLive.com article is down now so I guess you’ll have to find yourself a copy of Monday’s WSJ, but I found a story about Air America ratings over at Rupert Murdoch’s New York Post, which isn’t a great source but it’s still an interesting read.
