The “On the Air” sign has been turned off for the last time at floundering libtalk network Nova M Radio.
Nova M’s employees remain unpaid for the past two weeks and the company will reportedly seek bankruptcy protection next week. Lunatic talkers Randi Rhodes and Mike Malloy had been the network’s two “big” stars. We use the term “big” advisedly, because Malloy’s program was carried by only eleven radio stations.
Nova M was founded by Anita and Sheldon Drobny, the financial wizards who previously founded Air America, another floundering libtalk radio network.
This is like the old joke. How did Sheldon Drobny make a small fortune in talk radio? He started with a large fortune.
