Yes but, the point of political advertising is not to make a profit, but to win converts or solidify your base.  You think George Soros made his millions being stupid?  One look at the first 6 month's balance sheet would have ended a ligitimate business entity.  Air America 2.0 like 1.0 is not a business entity, it's a political ad agency, a propaganda outlet.  As such this is their way around McCain Feingold by funneling millions of dollars of donations under the guise of investing in a radio network.  The IRS needs to investigate, take names and go to court.  Someone should be paying fines, like Soros.  We should all be suspicious about the time line of Air America going belly up.  They went under October 13th, just 3 weeks before the Nov 2006 election.  Coincidence????  And when will 2.0 go bankrupt?  October 2008?  Mark the date.

“The object of life is not to be on the side of the majority but to escape finding oneself in the ranks of the insane.” – Marcus Aurelius

Air America---radio for the asses, er, masses.

NEVER,NEVER trust a liberal

Dear Mass:

I see a potential for Air America in HD radio.  According to this list from the often unreliable Wikipedia, there is a station broadcasting Air America in Sheridan, Wyoming only on an HD radio sideband.

http://en.wikipedia.org/wiki/List_of_Air_America_Radio_affiliates

With the departure of Al Franken, if Air America keeps its costs down and continues to offer itself at no charge to affiliates, with the sidebands available on HD radio, stations will be able to offer it at essentially no charge to them, and they may get brownie points from liberal politicians.  Certain advertisers may think there are benefits for them for "contributing to the cause" even if there are few listeners.

So I conclude that Air America 2.x may be financially viable.  You are asking for bets, but I am not convinced Air America can keep their costs down or that enough advertisers want to contribute.

Actually, it would be interesting to know the amounts of campaign contributions Green made to the Dems for the 2006 election.  What Green is going to do here with Air America is to make his campaign contributions tax deductable by showing a business loss.  Campaign contributions aren't tax deductable, so this is a tax dodge, which makes Green no fool, but a slick operator.  Remember: Charles Rosen and Jeffrey Aulenbach, have been busted for allegedly misappropriating $1.2m in public funds, with the lion's share related to the Air America scam.

If I remember correctly, a start up business may show a loss for the first two years which allows you to use that loss as a charge against your other taxable income, after two years, you can't do that anymore under the tax code, either the business must 1. post a profit or 2. be dissolved or 3. you don't get a tax deduction.  Air America was launched March 31, 2004 and then went bankrupt Oct 6 2006.  Air America is the scandal in and of itself, as it is a transparent manipulation of the tax code for illegal tax deductions and illegal campaign contributions under McCain - Feingold. 

“The object of life is not to be on the side of the majority but to escape finding oneself in the ranks of the insane.” – Marcus Aurelius