October 16, 2006

Something’s Rotten in Frankenland

Filed under: Business Moves,Corporate Outrage — Tom @ 7:51 am

Bankrupt Air America Radio is being kept on the air by a newly incorporated entity whose major officials include some of its current investors.

I’ve seen situations before where the same management forms a new company and walks away from the old company — and its debts. Is that what’s happening here? The unhappiness of this guy supports that notion.

As would be expected, Brian Maloney at Radio Equalizer has the details (HT Michelle Malkin).

Share

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.