After nearly six years on the air, liberal radio network Air America has gone bankrupt and will cease live programming, the company told employees Thursday.
Founded in 2004 as a liberal response to conservative dominance of the radio airwaves, Air America served as a platform for a number of liberal talkers who went on to achieve prominence, including now-Sen. Al Franken (D-Minn.) and MSNBC talk-show host Rachel Maddow.
very difficult economic environment has had a significant impact on Air
America's business. This past year has seen a 'perfect storm' in the
media industry generally," Charlie Kireker, chair of Air America Media,
wrote in a letter to employees.
The network will air re-run programs until Jan. 25, at which time all programming will end.
Kireker also touted the networks political impact.
some 100 radio outlets nationwide, Air America helped build a new sense
of purpose and determination among American progressives," Kireker
"With this revival, the progressive movement made major gains in the 2006 mid-term elections and, more recently, in the election of President Barack Obama and a strongly Democratic Congress."
Read the full memo to employees here.