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Air America goes Green... hallelujah
In case anyone has missed the story, NY real estate mogul Stephen Green has stepped up to make an offer to buy majority ownership in Air America Radio (AAR) and take it out of bankruptcy. (It's conceivable, but not likely, that a higher bidder could step in at the Chapter 11 Court auction this week.)
And in case any one has any doubts, or has lost faith, this is a very good thing. Having someone with deep pockets and good politics putting their money on the line, giving us a megaphone against right-wing radio dominance, is excellent news. Oh, and Green's brother is Mark Green, who will likely be involved in the network's future. That's also a Good Thing. Green would have been Mayor of NYC in 2001, if billionaire Michael Bloomberg didn't opt out of campaign spending rules, resulting in his outspending Green by an astounding 5-to-1 margin -- $73 million of his own money.
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