Air America radio, launched six years ago as a liberal voice to counter conservative talk radio, is shutting down and filing for bankruptcy. "This past year has seen a 'perfect storm' in the media industry generally," Air America said in a statement on Thursday announcing its closure. "National and local advertising revenues have fallen drastically, causing many media companies nationwide ...

NEW YORK (Reuters) - Air America, a politically liberal talk-radio network, said on Thursday it would cease operations and file for Chapter 7 bankruptcy protection to begin an orderly wind down of its business. The radio network was launched in 2004 by comedian Al Franken, now a U.S. Senator and has helped launch other careers such as that of liberal ...

Air America Radio, a radio network that was launched in 2004 as a liberal alternative to Rush Limbaugh and other conservative commentators, on Thursday shut down abruptly due to financial woes. The network once boasted hosts such as Al Franken and Rachel Maddow, but struggled from the outset ...

Another personality who first made a name in traditional media is putting the final touches on an ambitious online destination. Carlos Watson, an MSNBC anchor who also hosts a weekend show on talk radio network Air America, and a small band of staffers are readying The Stimulist, a news and opinion site slated to go live on May 12.