Liberal Radio Stations Silenced (Chi Trib)

<snip>

Air America and Multicultural had entered into a time brokerage agreement in which the network was essentially renting Multicultural's airtime, Liu said.

"They bounced a check today," Liu said. "It's a default. They have paid only a very small portion of what they owe us." Liu declined to say how much Multicultural is owed, but did say he is holding $1 million in checks that Air America has asked the company not to cash. "They've been saying, 'We're going to get you the money' for the past two months," Liu said, referring to a security deposit that he said Air America was supposed to have prepaid in advance of its launch. "They're not honoring our agreement."

"That is an outright lie," said Evan Cohen, Air America's chairman, in a statement. "Multicultural Radio Broadcasting's conduct in this matter has been disgraceful.... t is a clear violation of their contractual obligations."

Air America filed a complaint today in New York state Supreme Court charging Multicultural with breaching their contract and seeking an injunction to force Multicultural to restore the Air America broadcast on both stations.

<snip>

Link: http://www.chicagotribune.com/news/nationworld/chi-040414airamerica,1,1031586.story?coll=chi-news-hed

In case you guys hadn't seen this yet...

:grr:

It takes a while to get the cash flow cycle going....Gheeze....I know this and I'm a financial dummy.......

without ad revenue. I read this on another thread, but I have heard Randi say several times that they went into this with their own money.

This is fishy, fishy, fishy. And it is libelous.

Liu got paid a bundle to screw these folks over by someone. GE is in the ownership pyramid somewhere on the Multicultural side.

People ought to know better...We're liberals, responsible for the 5 trillion $ surplus. We BALANCE budgets. Republicans, responsible for the 5 trillion & deficit, are the ones who borrow, spend and steal.

:kick:

Let's stoke the media PR fires. Meet here at the actvist forumn:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=106x6980



Images of the March 21 protest in Los Angeles here:
http://ediablo.com/LAprotest3-21-04.html