Air America Radio Finds A Buyer

Law360, New York (December 18, 2006, 12:00 AM EST) -- Liberal talk radio station Air America Radio, which lost $41 million and went bankrupt after only two-and-a-half years on the air, is close to inking a deal for the sale of its assets, according to a spokesperson for the network.

The spokesperson, Jaime Horn, disclosed that the company has signed a letter of intent with an interested party, though she declined to identify the group in question.

Only a few weeks after Air America filed for Chapter 11 protection on Oct. 13, a lawyer for the...
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