Hmm…

NEW YORK - Air America Radio, a liberal talk and news radio network that features the comedian Al Franken, has filed for Chapter 11 bankruptcy protection, a network official told The AP.

The network had denied rumors just a month ago that it would file for bankruptcy. On Friday, Air America spokeswoman Jaime Horn told The Associated Press that the filing became necessary only recently after negotiations with a creditor from the company’s early days broke down.

The network will stay on the air while it resolves issues with its creditors, Horn said. In addition to Franken, the network also features shows from liberal talk show host Randi Rhodes and Jerry Springer.

Horn declined to name the creditor with which talks had reached a logjam. The company will operate in the interim with funding from its current investor group.

I’m guessing the unnamed creditor is the Gloria Wise Boys & Girls Club, which made a big loan to Air America at the behest of one of the network’s original big-wigs Evan Cohen.  Cohen left Air America shortly after that, and the company never paid back the loan.  It’s been disputed ever since.

The radio network is going to hang on, I guess, but I don’t see how.  Almost nobody seems to be listening to it.  There just isn’t a market in America for far-left, Hollywood liberal talk radio.

Which should tell us something about this country and its politics.  Or, more specifically, it should tell the Democrats something about their push to the far-left Howard Dean end of the political spectrum.