Thursday, November 02, 2006

Air America Angling for Sale

(New York) Air America Radio filed for bankruptcy on October 13. Now we hear this.

From ChicagoTribune.com:
Air America Radio is talking to several parties about a possible sale and is hopeful of reaching a deal before Thanksgiving, a lawyer for the liberal talk radio network told a bankruptcy hearing Tuesday.

Tracy Klestadt told the court that the privately held company was in discussions with seven different parties about a sale and was "very hopeful" of reaching a deal by Nov. 22, saying there was a "significant amount of interest."
Wait a minute! Does this make a lick of sense? If I were trying to sell a dying horse, I seriously doubt that there would be a "significant amount of interest" from seven different potential buyers. After all, how many glue factories are there?

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