It’s not worth an extended article, but I felt compelled to toss out a few thoughts:
 The filing is Chapter 11, a reorganization, not Chapter 13 where a company is dead for real. Since the new laws passed last year make Chapter 7 a cast-iron bitch for a company which doesn’t want the world to know all the details – and ‘Air America’ seems to have incredibly poor records on hand – that option was never in the cards. This means that the ‘Air America’ people really do plan to be on the air again, though likely in a regional operation instead of a national venue, unless some very rich and stupid benefactor steps forward. It also means that Air America has to come up with some sort of payment schedule for their debts which a judge will find reasonable. And bankruptcy judges are not known for a strong sense of humor.
 I have read a number of articles from liberals suggesting that the bankruptcy filing by Air America is unfortunate, in that it wrongly gives the impression that there is no viable market for Liberal Talk Radio. I almost considered that a reasonable argument, except that I cannot for the life of me recall a single successful national radio talk show with a pro-Liberal political theme/ Anyone? Anyone? Bueller? Anyone?
 Democrats, as we know from the Left’s Foley outrage shtick, know their timing. Shewt, Gore grabbed the Popular Vote plurality in 2000 by timing a below-the-belt DUI story about Bush to run less than a week before the election. So, for Air America to file now can only mean they had run out of ways to stall, and things may actually be much worse for that company than we are hearing. If more news burbles up before November, it shouldn’t affect the vote but could not help the Donks.
 Air America, it seems, never drew up a business plan. Here’s the numbers – 75% of companies which draw up a functional business plan stay solvent; 87% of those which do not create a business plan go out of business within five years.