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| Home Front: Culture Wars |
| Air America - Desperately Seeking |
| 2004-05-21 |
| The Schadenfreude Express keeps rolling... Air America Desperately Seeking $8 Million Air America Radio, the new leftwing syndicated radio network, is desperate for a cash infusion, Reuters reported Thursday evening. So desperate that sources close to the company say that "Democratic heavyweights as Sen. Hillary Clinton, her husband, former President Bill Clinton and billionaire investor George Soros have been appraised of the money-raising efforts." "Please, pretty please, we need Mo’ Money!" The network has been floundering almost from the get-go, with the business hemorrhaging cash and debts growing. Translation - no advertising revenue, coupled with the fact they’re paying radio stations to carry them = stunning, but predictable, market failure. I can see the keel of this landlocked version of the Kursk all the way from here! Air America’s woes became evident just weeks ago when CEO Evan Cohen was ousted. "This venture is not dead and it’s not going to die," Mike Papantonio, a backer of Air America who also co-hosts a talk show with Robert F. Kennedy Jr., told Reuters. "I am a businessman and I see this as a great business opportunity." "Tis but a flesh wound!" The wire service reported that the backers include trial attorney Papantonio, Chicago businessman Sheldon Drobny, and Rob Glaser, chairman of RealNetworks Inc. -- all of whom have promised to invest more funds to keep the company afloat. Uh, guys? Remember that quote from Will Rogers: "I’m not so much interested in the return on my investment as I am the return of my investment." The company says its business plan calls for $8 million in new capital and that fundraising is underway. Fundraising sounds different from investing, doesn’t it? I read it as a tacit admission that this $8 million, if they manage to get it, is going to be pissed away as well. Air America shows include Question - are you still a comedian if you’ve stopped being funny ten years ago? As for their financial woes, company insiders won’t blame bad management or lack of market interest. It’s not ’bad management or lack of market interest’. It’s ’bad management and lack of market interest’! Instead they have a right-wing conspiracy right in their roost. Classic leftists - blame everyone but your own piss-poor decisions. Like I’m surprised... Reuters reported: "Papantonio and others attributed the company’s troubles thus far to mismanagement by Cohen, a former Republican political operative in Guam. Sorry, I’m out of time right now to check on Evan Cohen’s background. Any diggers that can give me an assist out there? |
| Posted by:Raj |
| #21 If Soros ponies up, how quick do you think that Al and Jeanie can smoke all that $8M with their 98 friends? They suck up cash fast. Is the UN involved in this? |
| Posted by: Super Hose 2004-05-22 3:43:42 AM |
| #20 They're blaming this on a guy who worked with the GOP in...GUAM?! Did I read that right, or did a coconut bonk me on the noggin? |
| Posted by: Edward 2004-05-21 11:43:19 PM |
| #19 So in the span of ?four? months they have de-evolved into PBS? Next ehy will DEMAND public funding! |
| Posted by: Cyber Sarge 2004-05-21 10:42:29 PM |
| #18 Air America forgot to put the wings on. You can't fly without wings. Also, they forgot the engines, propellers, and most important, the pilot. Their pilot, Al Frankendj, washed out. |
| Posted by: Deacon Blues 2004-05-21 9:03:11 PM |
| #17 Beach Towel Design $19.95 plus S&H |
| Posted by: BigEd 2004-05-21 7:46:49 PM |
| #16 Hey Muck!: Just got an authentic Janeane Garafalo beach towel and thong.... they're covered in red ink! |
| Posted by: Frank G 2004-05-21 7:40:21 PM |
| #15 Great job! Let's let these folks manage the U.S. economy. :-) |
| Posted by: A Jackson 2004-05-21 7:34:11 PM |
| #14 As Robot #5 cried out in the movie "Short Circuit" MORE INPUT MORE INPUT {and don't sit on the Janeane Garofalo towel. mucky would be upset!} |
| Posted by: BigEd 2004-05-21 6:53:07 PM |
| #13 Air America Radio, the new leftwing syndicated radio network, is desperate for a cash infusion I'll drink to that! |
| Posted by: Rex Mundi 2004-05-21 6:49:44 PM |
| #12 Probably Air American was relying on a subsidy from the UN Oil for Food program. |
| Posted by: mhw 2004-05-21 6:32:00 PM |
| #11 I would hesitate to compare this trainwreck to the Kursk. After all, the sailors on the Kursk were loyal |
| Posted by: Frank G 2004-05-21 6:28:53 PM |
| #10 Ms. Jen - I have the same problem sometimes : Can't tell the Media Jackasses without a scorecard |
| Posted by: BigEd 2004-05-21 6:15:47 PM |
| #9 So desperate that sources close to the company say that "Democratic heavyweights as Sen. Hillary Clinton, her husband, former President Bill Clinton and billionaire investor George Soros have been appraised of the money-raising efforts." have "been appraised" LOL! In other words, they asked them for money but they said NO! |
| Posted by: B 2004-05-21 6:14:26 PM |
| #8 Ed, I get my DemonRAT stoolies mixed up--it may be David Broder doing the website. Same thing, different names. |
| Posted by: Jen 2004-05-21 5:48:30 PM |
| #7 First, why did they hire a Republican operative to run a left wing radio network . . Brock turned : He wrote a book, "Blinded by the Right" Converts to Dem are more dedicated than Dem by birth. |
| Posted by: BigEd 2004-05-21 5:45:53 PM |
| #6 First, why did they hire a Republican operative to run a left wing radio network in the first place? If true they are dumber than I thought. Second, the $8 Million is because they need donut money to entice Michael Moore to be a guest. |
| Posted by: ruprecht 2004-05-21 5:36:24 PM |
| #5 Whoa! How'd the tab get up to $8 million?!? (Is that for primo pot and snacks?) And to think some Lib supposedly gave David Brock $2 million to waste on a Dim Lib website! |
| Posted by: Jen 2004-05-21 5:33:48 PM |
| #4 On Evan Cohen from a Guam Pacific Daily News article about AAR: Montvel-Cohen, who also worked as chief of staff for former Republican Sen. Tommy Tanaka, has been involved in several political issues on Guam, according to Pacific Daily News files. In 1999, he testified in Superior Court during the legal challenge to the 1998 gubernatorial election. Montvel-Cohen had been hired by attorney Randall Cunliffe to dig deeper into a list of alleged illegal voters that had been presented as evidence by attorneys for losing candidate Joseph Ada. A year later, Montvel-Cohen was chairman of "Concerned Citizens for Honesty and Integrity in Government," which collected and spent nearly $15,000 for several negative television and print ads about Democratic Sen. Ben Pangelinan and several Republican candidates. |
| Posted by: Mr. Davis 2004-05-21 5:29:39 PM |
| #3 hey! dont be dis janeane! money a litle tite right now but things picking up they telling us. i have suggest several time we have fund raising festival and i say i volunteer make some bead jewlry help raise cash for the cause. merchandise shuld help. im also hear cohen actualy part of conspiracy trying to make this endeavor fail from the get go. they lots of publicans in guam. |
| Posted by: muck4doo 2004-05-21 5:20:10 PM |
| #2 They also apparently love featherbedding. My understanding is that this "network" has 100 employees! My radio friends tell me that this is an incredible number of people for the programming they offer. No wonder they're burning cash so fast. |
| Posted by: Anonymous4955 2004-05-21 4:57:23 PM |
| #1 Great thinkers have produced lengthy essays on "Why LLL's Hate Capitalism", but I think we have the answer right here: They hate it because they can't do it very well. |
| Posted by: BH 2004-05-21 4:53:25 PM |