Nine months after Air America Radio's birth, venture capitalist Sheldon Drobny remains bullish on the liberal talk network he helped launch.
"I would not have invested in it unless I believed that it was a good business model," Drobny tells Inside TV & Radio, predicting it will start turning a profit in a year.
Is there irony that Clear Channel has been picking up the format for quite a few of their stations?
"I don't find it to be ironic," says Drobny, who has written a book, "Road to Air America" (Select Books, $19.95). "I find it to be a testimonial to our product. The profit system is the greatest enhancement to anything successful."
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Tuesday, December 21, 2004
Sheldon Drobny predicts profitablility for Air America
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