Not exactly a surprise

Air America Radio, a liberal talk and news radio network that features the comedian Al Franken, has filed for Chapter 11 bankruptcy protection, a network official told The AP.

The network had denied rumors just a month ago that it would file for bankruptcy. On Friday, Air America spokeswoman Jaime Horn told The Associated Press that the filing became necessary only recently after negotiations with a creditor from the company’s early days broke down.

It was far too much to expect the left-wing to grasp the concept of capitalist competition. Trying to sell what is delivered for free from PBS and was already available from established newspapers and media companies was a deeply stupid idea.

Fox News, on the other hand, was designed to appeal to an underserved market, which is why it has been prison-raping CNN in the ratings for the last three years.