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Air America Finds A Buyer

Law360 (January 29, 2007, 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, announced Monday that it will sell its assets to Stephen L. Green, the chairman of SL Green Realty Corp.

Green, the brother of former New York City mayoral candidate Mark Green, said he is planning on turning the station into a profitable entity.

“To assure that AAR survives and thrives, we’ll do three things,” Stephen Green said. “First, we’ll stabilize its finances. Second, we’ll build...
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