ARC's 1st Law: As a "progressive" online discussion grows longer, the probability of a nefarious reference to Karl Rove approaches one

Friday, August 19, 2005

Air America Enron

Michelle Malkin has a great roundup of the problems facing Air America.

It appears that in addition to stealing $875k from the mouths of poor kids and Alzheimer's patients, they tried to avoid liabilities incurred by the original company when they changed to Piquant Media.

Two questions:

  1. Why is it that the "hypocrisy-obsessed" media does not focus on this hypocrisy from the Left's most celebrated network?
  2. Why would anyone invest, buy ad time, or work for Air America?
It's a shame that Air America isn't a publicly traded company, b/c I could make some serious jack shorting them... Of course, Air America couldn't comply with all of the SEC regulations to start with, given all of the shady dealings they've had in such a short time.

On a scale of 1 - 10 (with one being little chance of going under and 10 being metaphysical certainty of a collapse), I'd give Air America an 8. The only thing that can save them is a wealthy Liberal investor who isn't too bright - and we know there are plenty of those.

***update***
At NRO Byron York covers the original Airscam, involving Gloria Wise and AA's dismal ratings, and some of the conflicting statements by AA mgmt:
Until a few weeks ago, the biggest worry for executives at Air America was what to do about the liberal radio network's alarmingly low ratings. Launched amid much hype on March 31, 2004, Air America, with Al Franken, Janeane Garofalo, Randi Rhodes, and a host of other anti-Bush personalities at the microphone, has, with the exception of a few cities, had great difficulty finding an audience. Even in New York, where the network's true-blue message should be welcome, its daily average ratings are actually lower than those of the Caribbean talk-and-music station it replaced a year and a half ago.

That would be bad enough. But now Air America finds itself fielding questions not only about its ratings but about its connection to a Bronx-based children's charity known as the Gloria Wise Boys & Girls Club. In early July, a little-noticed local online journal, the Gotham Gazette, reported that New York City's Department of Investigation (DOI) was looking into the diversion of "hundreds of thousands of dollars" from the Gloria Wise club to Air America. The first figure was around $450,000, but it now appears that $875,000 was transferred from the taxpayer-and-contribution-supported Gloria Wise club to the struggling radio network.
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Your Co-Conspirator,
ARC: St Wendeler