Report: Air America Struggling to Pay Bills

Brian Maloney at Radio Equalizer has reported exclusively that Air America "is apparently so broke that it is now struggling just to pay for basic news services"!Reports Maloney:

Air America Radio is apparently so broke that it is now struggling just to pay for basic news services, the Radio Equalizer has exclusively learned.
Locked into a contract for Associated Press wire services until next year, the much- hyped but floundering liberal talk radio network has recently attempted to negotiate for revised terms, including temporarily disconnecting certain elements of its AP coverage until it can theoretically resume full payments in 2007.
The AP did not respond to a Radio Equalizer press inquiry on the status of Air America's contract.

Yesterday, we learned that Air America has fired host Mike Malloy, apparently for financial reasons. What is going on at Air America?Adds Maloney,

The other big question raised by this news is what has become of the money from George Soros, Rob Glaser and others.
Have Franken and Rhodes really sucked it all up so soon?

Stay tuned, folks.