Comes now word of Air America’s ongoing financial troubles. Seems the investors thought the lib network had lined up $30 million in financing before it launched in March. It turns out the smooth-talking principals had only secured $6 million, which is already gone.
Creditors are reportedly lined up to negotiate payment, and the network is off the air in Chicago and L.A.
I think I’ve figured out their problem. David Goodfriend, the acting COO, and Evan Cohen, one of the two principals, attended Beloit College together.
Well, I went to Knox, and we used to kick Beloit’s butt on a regular basis! Go Siwash!