When the news of an impending bankruptcy for Air America hit the blogosphere, AA issued a sort-of denial. Spokesperson Jaime Horn said, “No decision has been taken to make any filing of any kind.” At the time, I noted that this begged the question. They may not have made a decision, but they didn’t answer the question of whether or not they were considering it.

Apparently, they were.

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.

This won’t take AA off the air. It just highlights how much artificial life support is required to prop up a talk show network that people just aren’t interested in listening to. And since this is a creditor “from the company’s early days”, this has been an issue from the very beginning. Other conservative talk shows that have been around just a long as Al Franken’s have grown substantially in that time period.

It’s not a case of big-money backers; AA most certainly has its share. It’s a case of the lack of a market in the marketplace of ideas.

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