Bismarck, ND: Current temperature is -5 degrees. You can view updates at the KFYR web cam HERE.
He made this announcement today, his last show, on the Air America radio program. Don’t get me wrong, I like Franken’s work as one of the original writers on Saturday Night Live (1975-1980 and 1985-1995). I even caught some of the banter on Air America via XM Radio for a laugh.
But, Al really helped the Air America network to bankruptcy. The network had financial trouble within days of its launch back in March 2004, when it turned out that its original chairman, Evan Cohen, did not have the backing. A few weeks later, Mr. Kelly, a former owner of Midwest radio and television stations, stepped in to take charge of the board. At the end of 2004, he ceded the chairmanship to a new investor, Rob Glaser, chief executive of RealNetworks.
In typical Glaser (ex-Microsoft exec, turned millionaire) bravado he put in place a team that was so top-heavy with management, was challenged at selling ads, unwilling to make program changes that steered away from any liberal message and overstaffed with more than 100 employees when a few dozen would have been enough. They burned through $45 million in funding…much faster than an internet startup.
All the while there was finger pointing and accusations of a nefarious plot with intentional steps taken to put the company into Chapter 11. Glaser resigned from the board along with Mr. Kelly at the time of the Chapter 11 filing. He is the network’s largest creditor with $9.8 million in claims.
Not the smartest financial decision for Glaser, a graduate of Yale University with a BA and an MA degree in Economics!