Air America bankrupt

It's too bad that liberal talk shows don't seem to have the money draw that the conservative ones do. But, what do you expect? Business loves the Thuglicans.

NEW YORK (AP) -- Air America Radio, a liberal talk and news radio network that features the comedian Al Franken, has filed for Chapter 11 bankruptcy protection, a network official told The AP.

The network had denied rumors just a month ago that it would file for bankruptcy. On Friday, Air America spokeswoman Jaime Horn told The Associated Press that the filing became necessary only recently after negotiations with a creditor from the company's early days broke down.