Who says the Market isn't efficient? Air America files Chapter 7
Air America will air no more. The markets work and this is proof positive. Frankly I'm amazed it lasted as long as it did.
"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."