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Air America Media, the left-leaning radio network with a political mission, told its employees Thursday (Jan. 21) that it had filed for bankruptcy and will shut down operations by Monday Jan. 25 at 9 p.m. In a letter to employees, Charlie Kireker, chair of AAM, blamed the economy.
“With radio industry ad revenues down for 10 consecutive quarters, and reportedly off 21 percent in 2009, signs of improvement have consisted of hoping things will be less bad.
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