A lesson in how capitalism works....

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  • il Padrino Ute
    Junior Member
    • Nov 2008
    • 19161

    #1

    A lesson in how capitalism works....

    If your product sucks, you won't stay in business:

    Air America goes belly up
    "Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy; its inherent virtue is the equal sharing of misery." - Winston Churchill


    "I only know what I hear on the news." - Dear Leader
  • NorthShoreCoug
    Junior Member
    • Mar 2009
    • 327

    #2
    I like this quote from the article.

    "Since last summer, Air America has been heard in the Washington area on WZAA (1050 AM). Its audience has been so small that Arbitron, which compiles radio ratings, was unable to detect any listeners for WZAA during several weeks in December."

    No wonder Air America is going out of business. LOL.

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    • All-American
      Right, as Usual
      • Nov 2008
      • 15680

      #3
      Actually, it was a "perfect storm" of "plunging ad revenues, intense competition, high debt and poor prospects for new financing." Who knows-- regulations may have saved it.

      Riiiiiiiiiiiiiiiight.
      τὸν ἥλιον ἀνατέλλοντα πλείονες ἢ δυόμενον προσκυνοῦσιν

      Comment

      • il Padrino Ute
        Junior Member
        • Nov 2008
        • 19161

        #4
        Originally posted by All-American View Post
        Actually, it was a "perfect storm" of "plunging ad revenues, intense competition, high debt and poor prospects for new financing." Who knows-- regulations may have saved it.

        Riiiiiiiiiiiiiiiight.
        If only those evil Republicans would support the Fairness Doctrine!
        "Socialism is a philosophy of failure, the creed of ignorance and the gospel of envy; its inherent virtue is the equal sharing of misery." - Winston Churchill


        "I only know what I hear on the news." - Dear Leader

        Comment

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