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Get a load of this headline over at Think Progress:

Air America To Declare Bankruptcy, But Progressive Radio Remains Strong

Here is the, um, reasoning:

The right wing is sure to seize on Air America's financial woes as a sign that progressive talk radio is unpopular. In fact, Air America succeeded at creating something that didn't exist: the progressive talk radio format. That format is now established and strong and will continue with or without Air America. Indeed, many of the country's most successful and widely-syndicated progressive talk hosts - Ed Schultz and Stephanie Miller, for instance - aren't even associated with Air America.

Problem is, Air America is pretty much the elephant in the pup tent. To say that progressive radio remains strong despite the demise of Air America is like saying that the Roman Empire is still strong despite the sacking of Rome.