Air America Ceases Radio Broadcasts

Pretty much what happens when you have no audience.

New York - Liberal talk-radio network Air America unceremoniously announced on Thursday that it would cease broadcasting immediately and file for bankruptcy. "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 company said on its website.

"The very difficult economic environment has had a significant impact on Air America's business. This past year has seen a 'perfect storm' in the media industry generally," the company added.

Tell that to Fox.