Business News - Report: TV owner may buy Air America

ArcaMax Publishing > Business News

Your email address is safe with us. View our Privacy policy.

Free Financial Tools:

Start planning your financial future with our free financial tools & calculators.

The Funnies:

Get free jokes, comics, and more! See them all on
our funnies page

Games:

Fun online games, quizzes, hangman and more on the games page

Report: TV owner may buy Air America

NEW YORK (UPI) -- A suburban New York TV station owner is negotiating to buy bankrupt Air America Radio, the politically liberal radio network, a published report says.

Dick French, owner of news-talk WRNN-TV in Kingston, N.Y., is leading a group of investors who may buy Air America parent Piquant LLC out of bankruptcy, The Journal News reported Friday.

There is no guarantee the talks will result in a deal, the newspaper said, citing a source close to the talks.

Any deal would have to be approved by a bankruptcy judge.

French's son Richard, a former director of the state Democratic Party, hosts a nightly show called "Richard French Live."

Piquant of New York filed for Chapter 11 protection from creditors in October. It listed $7.8 million in assets and nearly $20 million in short-term liabilities. It listed a 2006 loss of $13 million and a 2005 loss of $19.6 million.

WRNN and Air America spokesmen declined to comment.

Air America is heard on 92 affiliates, reaching 58 percent of the country, as well as XM satellite radio.

Copyright 2007 by United Press International

This news arrived on: 01/26/2007

Share this Story