Air America Radio In Talks To Sell With Seven Suitors

Law360, New York (November 1, 2006, 12:00 AM EST) -- Less than a month after Air America Radio LLC filed for Chapter 11 protection, suitors have lined up to buy the liberal talk radio station, according to one of its lawyers.

At a bankruptcy hearing in the case on Tuesday, Air America attorney Tracey Klestadt of Klestadt & Winters LLP told the federal bankruptcy court in Manhattan that the radio network was in talks with seven different parties in regards to a possible sale, according to the Associated Press.

Klestadt said the company was “very hopeful”...
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