Air America on its way out?

Here is an article taken from the Washington Times about the liberal radio station call Air America:

Air America Radio, the liberal talk network, which signed on the air almost 30 months ago, yesterday denied multiple reports that it is bankrupt and going off the air.
    "If Air America had filed for bankruptcy every time someone rumored it to be doing so, we would have ceased to exist long ago," spokeswoman Jaime Horn told reporter Jennifer Harper of The Washington Times. "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, and frankly cannot respond to every rumor in the marketplace."
    But the rumors were loud and clear yesterday from ThinkProgress.org, an online blog produced by the District-based Center for American Progress, which reported that the network would file for bankruptcy tomorrow, adding, "Air America could remain on the air under the deal, but significant personnel changes are already in the works."
    Sources at the New York Daily News and media watchdog blogs such as Newsbusters also have reported the Manhattan-based network was "so broke" that it could no longer pay personnel or subscribe to wire services.

One can only hope for the sake of Common Cause, this liberal radio station stays in business.