has announced it will end all broadcast operations and file for bankruptcy protection.
In a memorandum posted on the progressive talk radio network's Web site
Thursday, chairman Charlie Kireker said, "the very difficult economic environment has had a significant impact on Air America's business," forcing it to cease "its live programming operations as of this afternoon."
"The company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding down of the business," Krieker wrote.
Air America was founded in 2004 and filed for bankruptcy protection two years later. It managed to remain on the air but continued to struggle to find an audience and advertisers.
Two liberal MSNBC commentators, Rachel Maddow and Ed Schultz, once hosted programs on Air America. Minnesota Sen. Al Franken had his own show on the network from 2004 to 2007.
Live programming ended Thursday at 6 p.m. ET. Recorded shows will air until Monday, when the network will shut down for good.
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