Report: Air America Sale Imminent, New Owner Would Give Self Nightly Show
January 22, 2007 at 5:44 AM (PT)
The WALL STREET JOURNAL is reporting that the sale of AIR AMERICA RADIO to the FRENCH family of WESTCHESTER COUNTY, NY is close to being announced. As previously reported, the family, who owns independent WRNN-TV/KINGSTON, NY, is the likely candidate to buy AAR out of Chapter 11 bankruptcy.
The paper reports that RICHARD FRENCH, a former NEW YORK STATE DEMOCRATIC PARTY official, would "likely get his own show in prime time" on the network (he hosts a nightly show on WRNN-TV) and that former AIR AMERICA host MARK MARON has been talking to the FRENCHES about returning to the network. Any deal would require bankruptcy-court approval.