Monday, January 29, 2007

Air America finds buyer - Franken To Depart

January 29, 2007

If you have XM Satellite Radio and love Air America, there is news that will be of interest to you.

1 - Air America looks to be avoiding bankruptcy.

2. Al Frankens last day is February 14, 2007.

Associated Press

Air America Radio Reaches Deal for Sale

Air America Radio Reaches Tentative Agreement to Be Sold to Stephen Green; Al Franken to Exit

NEW YORK (AP) -- Air America Radio, a liberal talk radio network, said Monday that it had reached a tentative agreement to be sold to the founder of a New York area real estate company. The network also said that Al Franken, its longtime headline personality, would depart next month.

The agreement with Stephen Green, the founder and chairman of SL Green Realty Corp., appears to rescue the struggling network, which has been seeking a buyer since last fall when it filed for bankruptcy reorganization after reaching an impasse with one of its creditors.
No terms of the sale agreement were disclosed. Any sale would have to be approved by the bankruptcy court. ..... More HERE

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1/29/2007 12:31:00 PM

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