Air America Is Changing Ownership

AIR AMERICA IS CHANGING OWNERSHIP
[SOURCE: The Huffington Post, AUTHOR: Sam Stein]
[Commentary] Air America 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 Democratic activist, will remain as Air America's president. Kireker is no stranger to the network. He was a minor investor in one of the companies that rescued Air America's ownership from Chapter 11 bankruptcy last March. That year, the network -- which was purchased by Green Family Media for $4.25 million -- posted more than $13 million in losses. Sometime in 2009, Green said, he envisions that the network will be in the black. Currently Air America has 65 affiliates, an estimated audience of nearly 2 million weekly, and is set to release a new web-based format for radio listeners.
http://www.huffingtonpost.com/2008/02/21/air-america-is-changing-o_n_877...