Air America Is Changing Ownership

[LTR]

Source: The Huffington Post

Air America, one of the country's more powerful radio networks and a major progressive megaphone, is switching ownership.

Charlie Kireker, a former political official and creator of Pendulum Media will succeed Stephen L. Green, the New York real estate CEO who helped lift the company out of bankruptcy, as chair of the board. The move will be finalized in mid March. Mark Green, Stephen's brother and Democrat activist, will remain as Air America's president.

"We look at what Steve and Mark Green have done as the transition role of saving and stabilizing the business and now we think it is a good opportunity to expand upon that," Kireker told the Huffington Post. "The company has made a lot of progress, we have consolidated operations, and streamlined things to be more efficient. We are yet to profitability but we are heading there."

(snip)

Both Green and Kireker said that the ownership change would have no effect on the network's editorial content. "There are no programming changes at this time," said Kireker.

Read more: http://www.huffingtonpost.com/2008/02/21/air-america-is-changing-o_n_87765.html

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I'll post more about it on my own blog:

http://ltradio.blogspot.com/2008/02/air-america-gets-new-owner.html