The Air America Fiasco Continues

Stereotypes are that liberal types cannot manage business' and are profligate with other people's money. Imagine my shock reading this passage from a NYT article recounting the ineptitude and botchery that lead to Air America's bankruptcy;

Some people at Air America assert that, under Mr. Glaser and the team he put in place, the network was top-heavy with management, inept at selling ads, unwilling to make program compromises that veered from the liberal message and overstaffed with more than 100 employees when two dozen would have sufficed.

What they did for $45 million they could have done for $10 million, said Sheldon Drobny, an investor with a contentious relationship with the network.

No wonder conservatives don't feel that they can trust liberals to regulate business and industry. Overstuffed administration, wasteful spending, and paralyzed by dogma. Thanks for not reinforcing any of those stereotypes, guys. Perhaps the most telling passage was this,

As for the bankruptcy filing, which came after a creditor, MultiCultural Radio Broadcasting, sought to freeze company accounts, Mr. Klestadt said the board decided a Chapter 11 proceeding would be the best way to maximize the value of the assets.

When a business feels that bankruptcy improves its value, you're in trouble. The truth is, nobody was listening to Air America except Liberal True Believers. When I listened I heard programming long on emotion and short on persuasion. Insulting conservatives is what passed for "spreading the message." For what its worth, calling someone a dumbshit isn't likely to make them receptive to your philosophy.
While the current and former staff of Air America might like to shake their own hands and say how they changed the elections, it just isn't true. Those who listened to Air America were never going to vote any other way. Yet another money quote:

Saying that Air America reaches millions of listeners and "clearly had an impact on the 2006 elections..." (Terence F. Kelly, potential buyer of Air America)

What complete bullshit. Air America couldn't even find an audience in Madison, Wisconsin. Berkeley of the Midwest and all that. Terence Kelly's hometown by the way. The Madison Air America station will be a Fox Sports Radio station. Oh, sweet irony, your nectar is too tart for most but I will partake of thee.
I'm going to make a not-so-bold prediction; Air America will never succeed except as a vanity project funded by some charitable limousine liberal attempting to woo some vacuous hollywood Mc-Starlet.
Why on earth would anyone need Air America, anyway? We already have the NYT, the LAT, Time Magazine, Ted Turner, ABC, CBS, NBC, NPR, and Hollywood.