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.
And then there is this sentence:
In this climate, our painstaking search for new investors has come close several times right up into this week, but ultimately fell short of success.
What happened this week that was so bad for liberals?
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