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.

Steve
Holland, MI
Drake R7, R8 and R8B