So, which is it? Contrary to what was plastered all over the blogosphere this afternoon, Air America claims that they are not going belly-up.

From NewsMax,

Air America Radio, the network that features such liberal mouthpieces as Al Franken and Randi Rhodes, is denying reports that it will declare bankruptcy.

The Web site ThinkProgress.org, citing “three independent sources,” started a buzz on the Internet by claiming that Air America is expected to file for bankruptcy on Friday.

 

The Drudge Report headlined ThinkProgress.org’s story Wednesday afternoon and word spread throughout the blogs about a possible bankruptcy at the network.

 

But just before 5 p.m. on Wednesday, Air America spokesperson Jamie Horn told Eric Deggans, media critic for the St. Petersburg (Fla.) Times, in an e-mail: “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.”

Hat Tip - Wizbang!