A memorandum was distributed to the staff at Air America Media this afternoon. It read in part:
“It is with the greatest regret, on behalf of our Board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the Company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business.”
The memo was signed by Charlie Kireker, the Chair of Air America Media.
Nothing yet on the future of the network’s programming line-up. Click here for the complete memorandum.