‘Bankrupt! — Not Us’ States Air America
Now, how bad can it get? Just because a few big corporates have filed for bankruptcy, most other big companies are suspect. If there is so much as a rumor about one of them having cash flow problems, it doesn’t take too long for the bankruptcy rumor to do the rounds. The latest rumor going around is that Air America was set to declare bankruptcy and that the network was cutting Jerry Springer loose.
While neither statement was true, it is true that Al Franken recently said on the air that his paychecks had stopped. He is reportedly paid $2 million. In a recent interview with Associated Press, Franken acknowledged the network has "a cash flow problem." Air America spokespersons were quite emphatic in their denial of the bankruptcy rumors. Nj.com reports:
According to Air America spokeswoman Jaime Horn, "If Air America had filed for bankruptcy every time someone rumored it to be doing so, we would have ceased to exist long ago; it may be frustrating to some that this hasn’t happened. No decision has been taken to make any filing of any kind, we are not sure of the source of these rumors and frankly can not respond to every rumor in the marketplace."
Read more: Air America refutes bankruptcy rumor
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