09-15-2006, 08:40 AM
I didn't think air america would make it. But, they probably lasted longer than I predicted. Too bad Oddball isn't around to tell us how this is no sign of danger.:
Quote:How is Air America doing these days? Not too well. In fact, it looks like Chapter 11, according to various reports. All that, plus, even star Al Franken is getting short-sheeted at payday.
"I don't know if that's true or not," Al Franken told Radar late Wednesday, when asked about the bankruptcy report. "We do know that there have been cash-flow problems. I haven't been paid in a while. Like, there's no cash flowing to me."
It's not the first time Franken has gone without a salary. Air America ran out of money promptly after it launched in 2004, after disgraced former chairman Evan Cohen inflated the amount of money he had raised to fund the network.
The debacle nearly killed the network in its infancy, and led to a legendary incident in which Cohen reportedly sent an executive to Franken's apartment to hand-deliver an envelope purportedly containing all of his back pay. It was empty.