There’s a lot of conservative talk radio I don’t like. Savage, Hannity and Rush do not get much of my listening time. Dennis Prager and Mark Levin get most of my ear.

That said, Rush Limbaugh’s worst day is better than Air America’s best, not just because I’m more likely to agree with the content, but because it doesn’t suck.

In announcing today on its website that it is going off the air and filing bankruptcy, Air America, good liberals — excuse me, progressives —  that they are, blame their demise on everything but themselves.

The very difficult economic environment has had a significant impact on Air America’s business. This past year has seen a “perfect storm” in the media industry generally. National and local advertising revenues have fallen drastically, causing many media companies nationwide to fold or seek bankruptcy protection. From large to small, recent bankruptcies like Citadel Broadcasting and closures like that of the industry’s long-time trade publication Radio and Records have signaled that these are very difficult and rapidly changing times.

Yep, must be why all those conservative talkers are going off the air, too.

Those companies that remain are facing audience fragmentation as a result of new media technologies, are often saddled with crushing debt, and have generally found it difficult to obtain operating or investment capital from traditional sources of funding. In this climate, our painstaking search for new investors has come close several times right up into this week, but ultimately fell short of success.

Translation: investors know we suck.

With radio industry ad revenues down for 10 consecutive quarters, and reportedly off 21% in 2009, signs of improvement have consisted of hoping things will be less bad. And though Internet/new media revenues are projected to grow, our expanding online efforts face the same monetization and profitability challenges in the short term confronting the Web operations of most media companies.

Does this mean that their web operations are going down, too? Looks like it. The bankruptcy announcement is the only thing on the home page.

Through some 100 radio outlets nationwide, Air America helped build a new sense of purpose and determination among American progressives. With this revival, the progressive movement made major gains in the 2006 mid-term elections and, more recently, in the election of President Barack Obama and a strongly Democratic Congress.

Laws have changed for the better thanks to this revival…..but all the same our company cannot escape the laws of economics.

Why would they make this concession? The policies they advocate regularly assume that the whole country can avoifd the laws of economics.

(H/T: HotAir.)

UPDATES (1//21/10): Michelle Malkin:

Sen. Franken hasn’t lobbied for a bailout, as far as we know. But don’t breath a sigh of relief yet. They’re still swinging the Fairness Doctrine noose. When they can’t compete in the marketplace, the Left will use the power of government to squash their competitors.

And no on can accuse Professor Jacobson of being understated. At least not here.