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News
Air America's Chapter 7 auction of equipment yields $169,326
A bankruptcy court filing on Friday shows that the equipment and assets such as the intellectual property were the object of spirited bidding on March 25. As this morning’s TRI Newsletter says, “There were probably bargains in the large quantities of studio and office equipment auctioned off by David R. Maltz & Company. Sony and Shure lavalier mics went for $75 apiece. Several Moseley STLs sold for $1,400 each. Some computers went for 50-75 bucks. But many pieces of office furniture were marked down as ‘no bids’ and in the end, the physical contents of Air America at 641 6th Avenue in Manhattan are now scattered among a couple of dozen buyers who don’t care what it once represented.” One large item on the auction list is the former progressive talk network’s email list, worth $46,000. Air America is in Chapter 7 bankruptcy liquidation, overseen by Gregory Messer. It debuted in the Spring of 2004, but quickly fell into controversy, though it did survive longer than many critics expected, thanks to a series of rescues. Subscribe to the free daily TRI Newsletter from Radio-Info here.
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