Coming completely out of left field and with no indication how such a tragic day could arrive, Air America has filed bankruptcy. The Smoking Gun has the petition and details on the over $20 million the company that "created the progressive talk show format" flushed down a progressive toilet.
Lacking a meat thermometer, Air America co-founder Sheldon Drobny appears to have no idea when the goose is cooked:
We plan to continue our efforts to make liberal talk radio a success.
Short of federal funding in perpetuity, I don't see how that will ever happen.
Brian Maloney is already exposing what appears to be the next chapter in this lesson in progressive capitalism.