Air America Founders Seek Their Own Stations

AIR AMERICA FOUNDERS SEEK THEIR OWN STATIONS
[SOURCE: New York Times, AUTHOR: Lia Miller]
Anita and Sheldon Drobny, two of the founders of Air America Radio, are taking the next step to ensure that liberal programming stays on the air: obtaining radio stations. The couple has announced plans to begin buying or leasing radio stations across the United States through their new company, Nova M Radio. The Drobnys, who own a venture capital firm called the Paradigm Group based near Chicago, started the new company with Dr. Michael Newcomb, and a handful of investors. Mrs. Drobny said she and her husband were motivated in part by events that began in October in Phoenix, where a Christian broadcasting company called Communicom Broadcasting bought the station that broadcast Air America programming and subsequently changed the format to religious programming.
http://www.nytimes.com/2006/04/03/business/03air.html
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