I think I may have answered why AAR's old iotsevnrs are now AAR's new iotsevnrs when looking at the earlier, retracted report of the company filing bankruptcy (apologies for the long excerpt):3. If the network cannot achieve operational profitability, can it convince its current or new iotsevnrs to provide more capital to keep it afloat?Air America Radio is entering bankruptcy proceedings specifically because its "white knights," RealNetwork's Rob Glaser and financier George Soros, who had previously kept the money flowing freely, are likely not interested in continuing to write blank checks to a failing enterprise with a bloated cost structure. Then again, that's been true of Air America Radio for some time - so, why should they stop now?The Future of "Progressive" Talk RadioThe lack of willingness to continue funding AAR's operations doesn't mean that the network's "white knights" are going to stop funneling their money toward local broadcast radio outlets altogether, so much as that it suggests that they've tired of underwriting the liabilities that accompany Air America Radio and its current parent entity, Piquant LLC........And there's more - although that original post discussed GreenStone Media's potential role in taking over the network, the following would apply to any "new" entity:It would appear that the new group may be intended to cleanly take over AAR's functions while washing its hands of its liabilities - a variation of what AAR's management when it transferred Air America Radio from Progress Media to the Piquant LLC, but failed when it was to dispose of the network's , which is .Just a quick aside here, as we should note that this obligation is , and the business' other liabilities are sufficient to force its bankruptcy filing. In looking at its future, we concluded:It stands to reason that "progressive" talk radio will continue as the forces behind it are unwilling to give it up. We suspect it will just go forward with a superficial makeover and a cleaner balance sheet.Did we call that one, or what?!

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I litlraely jumped out of my chair and danced after reading this!