Reply #3: Thanks for posting that...this helps alot [View All]

OK...letsee if this makes a little sense.

Radio Unica...a Spanish broadcasting company that owned the Chicago & LA stations that air Air America went bankrupt. The properties were sold, including two to Multi-Cultural Brodcasting (MBCI), who either were going to lease their airtime on both stations or sell them outright (I've heard both) to Air America.

Looks like the Liu family, the money behind MBCI...the company that is buying the stations that are leasing the time right now to Air America, messed up with the financing through GE Capital. This is not uncommon these days in broadcast sales thanks to extremely high property or license values and low advertising revenues...banks aren't too happy to jump in...especially to a small, untested company such as MBCI.

In a nutshell: MBCI's "check bounced", not Air America. This isn't some black helicopter/GE conspiracy...just business. Someone didn't make a payment on time and the banks aren't sitting still these days.