NEW YORK (AP) -- Air America Radio, a liberal talk radio network, said Monday that it had reached a tentative agreement to be sold to the founder of a New York area real estate company. The network also said that Al Franken, its longtime headline personality, would depart next month. The agreement with Stephen Green, the founder and chairman of SL Green Realty Corp., appears to rescue the struggling network, which has been seeking a buyer since last fall when it filed for bankruptcy reorganization after reaching an impasse with one of its creditors.
Any sale would have to be approved by the bankruptcy court. The company has signed what is called a letter of intent to sell itself to Green and expects to agree on financial terms soon, Air America spokeswoman Jaime Horn said.The network said in a statement that Franken's last day on the air would be Feb. 14, and that his noon-3pm ET time slot would be taken over by Portland, Ore.-based talk show host Thom Hartmann.
GOI: This is excellent news. Radio is the place where hearts and minds are won and where Americans get a lot of their information and liberals have been late to the party. And some are still blowing it off like Shrillary Clinton. It is critical that Air America (and others like Ed Schultz) keeps the alternative voice out there. People deserve and need to hear both sides so that they can make an informed decision.
Anyway, I never really liked Al Franken's style or his show but I really like Hartmann. Hartmann has a deep knowledge of American history and understanding of a myriad of topics. He is a brilliant, brilliant guy. His spit-fire style is always on target. I am excited that he will be a regular host and not just a fill in guy. I have long written Air America to sign him on as a regular.
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