Air America Radio filed for bankruptcy today, according to breaking news reports (HT: InstaPundit). The go-to source for the inside story continues to be Brian Mulroney's Radio Equalizer (click the last link for new posts.)
In the meantime, this move doesn't come as much of a surprise - we've been anticipating it for quite some time here at Political Calculations. Here's a brief history of our analysis of AAR's business situation:
- The Future of Air America
We kicked off our series of posts analyzing Air America Radio viability as a business with this post. We really didn't think it would go much further than this!
- Air America, Again
We found that AAR doesn't just have competition from the right - it has it on the left as well....
- The Financing of Air America Radio
A throw-away post that let us fill space with some information on where AAR got its financing that we had come across in our previous analysis.
- Time to Harvest or Divest
As AAR appeared to be running into significant turbulence, we updated our original strategic business analysis, finding that what AAR's management needed to do was to find "white knight" financing or to start making moves to significantly cut its costs.
- A Top Ten Countdown
We couldn't resist applying a list a bankruptcy lawyer came up with for a failing company to AAR's known problems - lucky thing AAR has benefitted from the generosity of multi-millionaires with deep pockets.
- Profiles in Semi-Obscurity
Another space-filler post where we just unloaded background information about various members of AAR's Board of Directors that we had come across in previous analysis.
- Air America's Ratings in the Top 100 Radio Markets
Our look at AAR's ratings through Arbitron's Winter 2006 period.
- A Bigger Footprint
An intrepid e-mailer let us know that AAR's flagship affiliate WLIB had a bigger footprint than just the New York City market - plus, we find that roughly half of AAR's audience is in just five cities.
- Profiling a Handful of AAR's Local Affiliates
Once again, we unload information we collected in other analysis. This time, we estimate just how many local AAR affiliates there are by determining where they're not.
- Air America's Spring 2006 Ratings
Here, we found that ratings weren't growing, at all, for the troubled radio network.
- The Clock Ticks Toward Bankruptcy
A premature report that Air America Radio's parent company would be declaring bankruptcy prompted this post, which still held up after the liberal blog that reported it retracted their story.
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