There's more in the AAR bankruptcy story. I just read this:
NEW YORK (AP) - Financially strapped Air America Radio, after star commentator Al Franken said his paycheck had stopped coming, acknowledged Thursday that it had laid off a few employees but insisted it has no plans to declare bankruptcy.
Franken, broadcasting Thursday from New York, said he was aware of the bankruptcy rumors.
"We may or may not, that's what I'm hearing," Franken said at the start of his noon broadcast. But he assured listeners that the financial problems wouldn't silence the network.
Scott, thank you for reading my posts and promoting them.
To read the original post - and for a thread already posted on this board specifically to discuss these points - go to Franken: Paychecks stopped - Bankruptcy Possible
"How late are they on the paycheck? Not very," said Franken, who claimed he was making a joke when he told Radar online reporter John Cook that he knew the network was having cash-flow problems because "there's no cash flowing to me."
The last time the network missed a paycheck to Franken (and others) was in 2004, shortly after it launched. It was discovered that then-chairman Evan Cohen hadn't raised as much money for the network as he claimed.
Franken referred questions about his company's health to Air America officials, saying, "I'm not involved on a management level."
Air America has made "no decision to make any filing of any kind," a spokeswoman said Thursday. "We continue to operate, we just announced our fall schedule and are doing everything we can to move forward." She would not comment on Franken's missing paycheck.http://www.startribune.com/217/story/678210.html