Air America Response To Funding Reports: We're "Stronger Than Ever"

AIR AMERICA RADIO has responded to last week's reports by the RADIO EQUALIZER blog, featured on BILL O'REILLY's FOX NEWS CHANNEL show, that the network is receiving up to $8 million in financing from the DEMOCRACY ALLIANCE to keep it on the air, with the network's President GARY KRANTZ issuing a statement asserting that "financially, AIR AMERICA is significantly stronger than ever. As of today, our have booked and pending business for 2006 represents 83% of the entire revenue generated in 2005. We are also up to date on all of our financial obligations. Most importantly, we have a dedicated board and investors who support our business."

KRANTZ also takes shots at O'REILLY for "bad mouthing AIR AMERICA and saying it is failing for two years. It was not true before and it is not true now," adding that AL FRANKEN and RANDI RHODES beat O'REILLY in the NEW YORK ratings for adults 12+ and 25-54. The statement does not include any specifics regarding revenue figures and does not specifically address the RADIO EQUALIZER report about DEMOCRACY ALLIANCE funding but says "there is no substance whatsoever to Mr. O'REILLY's absurd claims of 'gloom and doom.'"

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