Air America Sale Talks Go Into Overtime
December 1, 2006 at 12:37 PM (PT)
ALL ACCESS hears that AIR AMERICA RADIO is deep in negotiations with a buyer and may have an announcement as soon as the middle of next week about plans to continue the network's operation.
The network has sent an e-mail to affiliates from VP/Public Relations JAIME HORN about its development of a "plan to take us into a future beyond bankruptcy... we appreciate your patience and dedication to AIR AMERICA through this difficult period, we know that we continue to exist because of your faith in our programming."
AAR had been given an extra week beyond the original court-imposed NOVEMBER 22 deadline to find a buyer, but the negotiations have gone into overtime and the network continues to receive financing while the deal is negotiated.