***update…watch video of Maloney/O’Reilly here***

Last year, I was privileged to work with Brian Maloney of The Radio Equalizer on an ongoing blog investigative series about beleaguered Air America radio’s finances. Brian has continued to dig and dig deep on the story.

He has a new report here and will discuss it tonight on The O’Reilly Factor.

Brian asks: “Did Al Franken’s outrageous salary demands hamper Air America’s ability to repay the Gloria Wise Boys & Girls Club in 2005?”

Excerpt:

During the same mid-to-late 2004 period when Air America parent Piquant LLC was quietly considering how to resolve the still-undisclosed scandal, Franken was demanding everything, including the kitchen sink.

A June, 2004 Wall Street Journal investigative report on Air America stated Al was making “over $1 million a year”. That was accurate, but not for long.

Despite mixed reviews, low ratings and a perpetually shaky cash outlook, Franken was handed a virtual blank check by Piquant. Even as the extent of the Gloria Wise crisis became clear to an ever-changing series of managers, Franken pushed ahead anyway with an eye-popping 2005 compensation package.

Included was a staggering base salary boost to $1,725,000, plus fringe benefits and potential bonuses, after less than a year on the air. Nor was his bloated staff left out. The result: what is quite likely talk radio’s largest-ever and most overpaid entourage, mostly from the ranks of Al’s Harvard research team.

The kicker: Franken successfully insisted the entire base sum be paid in advance, during the first week of January, 2005…

Read the whole thing.

***

Previous:

Inside Air America: Al’s pal bails…and Philly station ditches, too
Air America: Groveling for cash
Inside Air America: The loan scandal deepens
Air America scrambles
Inside Air America: Al Franken’s lying lies
Inside Air America: The Sheldon Drobny Files
Wednesday scandal updates
New York Post: The Money Pit
Inside Air America: The Lizz Winstead case
Fraudulent Conveyance 101
Multicultural Radio says Air America owes it $1.5 million
Inside Air America: An investigative blog report (Part II)
Air Enron: Morning update
Inside Air America: An investigative blog report (Part I)
Air Enron: Al Franken needs help
Air Enron updates
Air Enron: The dam bursts
Air Enron: NYTimes corrects
Air Enron: MSM errs and lags
Air Enron: The NYTimes speaks! (or rather, whispers)
Air Enron: Heads roll, victims shafted
Air Enron: No letting up
Air Enron: Franken speaks again
Air Enron: Elite media blackout contd.
Air Enron: quotes of the day
Air Enron: Spitzer steps in
Air Enron: questions, questions
Air Enron: the blame game
Air Enron: thumb-twiddling MSM
Silence of the race hustlers
Air Enron: Al Franken speaks
Air Deadbeat: the saga continues
The Air America loophole
Air America is scrambling
Air America: Don’t blame us
Air America: Stealing from poor kids?!

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