This is funny to me. I remember when they launched this station. I actually tried to listen to it a couple of times. It was utterly aweful. It was hate radio. All they did was complain and criticize while offering noting in the form of alternative thinking. I'm kinda surprised it lasted this long. I guess when you have million, and billionaire's financing it, the bottom line could be considered irrelevent for a little while. Ultimately though, in business, there always is a bottom line. Just goes to show you that the Real World is alot harder than some would think. BTW, imagine what the press would have done had Rush Limbaugh had secured a no interest loan from a Boys & Girls Club? http://www.radaronline.com/exclusives/2006/09/air-america-stiffs-franken.php Air America Stiffs Al Franken THAT'S AL, FOLKS Franken wants a paycheckIs Air America Radio going belly up? The troubled left-leaning network is dismissing yesterday's report by Think Progress that it plans to file for bankruptcy on Friday. But you know things must be bad when even your top star can't get paid. "I don't know if that's true or not," Al Franken told Radar late Wednesday, when asked about the bankruptcy report. "We do know that there have been cash-flow problems. I haven't been paid in a while. Like, there's no cash flowing to me." It's not the first time Franken has gone without a salary. Air America ran out of money promptly after it launched in 2004, after disgraced former chairman Evan Cohen inflated the amount of money he had raised to fund the network. The debacle nearly killed the network in its infancy, and led to a legendary incident in which Cohen reportedly sent an executive to Franken's apartment to hand-deliver an envelope purportedly containing all of his back pay. It was empty. Since then, Air America has seen a litany of troubles, executive departures, talent shuffles, and lawsuits. Six months ago, the network was booted from its flagship station in New York City, WLIB, to a much weaker signal that doesn't cover the entire city, and it laid off five staffers on September 11, according to the New York Post. .....And then there's the matter of the $875,000 the network owes to the Gloria Wise Boys and Girls Club. As has been extensively covered on right-wing blogs, Cohen convinced the nonprofit clubĂ˘â‚¬â€ťhe sat on the boardĂ˘â‚¬â€ťto OK a massive interest-free loan to keep the network afloat in its early days. When news of the arrangement brokeĂ˘â‚¬â€ťliberal radio net steals from poor kids!Ă˘â‚¬â€ťAir America agreed to repay the loan in full, and the New York City Department of Investigation started looking into the propriety of the transaction. Air America says the money is in an escrow account controlled by its lawyers, who have been instructed by the DOI to wait until their investigation is complete before transferring it back to the Boys and Girls Club. But neither Jack Kiley, an attorney for the Boys and Girls Club, nor Emily Gest, a spokeswoman for the DOI, could confirm that the escrow account actually exists. Asked whether she was certain that Air America had indeed deposited the funds in an escrow account, Gest would only say, "The Department of Investigation expects Air America to uphold its commitments to repay the victims of this scheme." Kiley says that a small portion of the loan has been repaid, and he expects that the remainder is forthcoming.