Al Dykes wrote:

In article ,
dxAce wrote:


Frank Dresser wrote:

"Mark S. Holden" wrote in message
...
Story on Drudge says Air America is strapped for cash, and had less than
they claimed when they started. Looks like maybe the check for Chicago did
bounce.

http://www.drudgereport.com/flash8.htm

Actually, the check never had a chance to bounce. Arthur Liu at
Multicultural was told the check was stopped, so he shouldn't even bother
depositing it.

Matt Drudge has been taking a pointed interest in the Air America story,
possibly because some numbnut at Air America wrote the infamous "Liu-ser"
article ridiculing Drudge and Liu.

"The WALL STREET JOURNAL reports on Monday: Several employees say they still
haven't been reimbursed for the costs of attending the New York launch."
"Many of Air America's investors and executives say they thought the network
had raised more than $30 million, based on assurances from its owners,
Guam-based entrepreneurs Evan M. Cohen and Rex Sorensen."

"In fact, Air America had raised only $6 million, Mr. Cohen concedes"

What were the investors thinking about, just before the network started up?
Were they throwing their money into the Democratic party? The "Tyco
Birthday Party"?

"On March 30, the night before Air America went on the air, the liberal
radio network threw itself a $70,000 party at Manhattan's hip Maritime
Hotel."

This story isn't new but it does add some details to the known problems Air
America's management had. They announced a possible deal with new investors
over a month ago. I have no idea how that's going.

Air America may have been started up by incompetent businessmen, but they
have shown there's a market for that kind of radio. If they can't do it
right, somebody else will.

Hardly... if there was indeed a market, then they would not be in the financial
mess they appear to be in.

They'd be raking in the dough through advertising.

But they're not, are they?

Maybe they need to take lessons from Rush, Hannity, Boortz, etc..... now those
guys are making money.

It seems that Fox was $150 million in the red for the first 2 years
of operation. You can't expect them to be turning a profit
in the first 2 months of operation.

Yes, and FOX is a totally different type of operation, is it not?

We're talking radio here...

If there were a market for that type of show the stations would be breaking down Air
America's door... and they are not.

At least at this point in time Air America is a flop, and as I stated originally,
just as predicted.

Steve
Holland, MI
Drake R7, R8 and R8B

http://www.iserv.net/~n8kdv/dxpage.htm