AIR AMERICA, DEAD: "It is with the greatest regret, on behalf of our Board, that we must announce that Air America Media is ceasing its live programming operations as of this afternoon, and that the Company will file soon under Chapter 7 of the Bankruptcy Code to carry out an orderly winding-down of the business." What a day for the Progressive Movement! Health care reform's ~15 minutes from getting its plug pulled forever, the Supreme Court decided that corporations should be able to purchase politicians in the open market, and now... some radio station is dead. Should make for sunny open threads on Daily Kos. [Air America]