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  • Liberal La-La Land

       May 13, 2004

    It's becoming tedious to update every time Air America has another failure or does something colossally stupid, but the latest out of Lib-fantasy world is just too stupendous to pass up:

    "Air America has shut its sales offices in Los Angeles and Chicago and is recasting its business plan ... About 15 to 20 people were laid off in the closing of the sales offices ... Chairman Evan Cohen, Vice Chairman Rex Sorensen and Head of Programing David Logan have left while co-founder Mark Walsh has stepped down as chief executive ...

    Sinton said the company had moved away from its original business model, which was to lease and totally control the radio stations in which its programing ran.

    ... Sinton said Air America has found success with traditional affiliate relationships, under which it provides about 20 hours of programing per day in many cases in exchange for the ability to sell a certain number of minutes per hour of advertising.

    "The business model has changed with our on-air success. The fact that we are moving the needle so quickly with affiliates has surprised us and negated the need for us to control our own stations," Sinton said.

    "We're always looking for new financing...."

    "On air success?"
    ?


    Posted by jkhat at May 13, 2004 04:10 PM

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