Air America: It's like National Public Radio, but suckier, leftwing kook-fringier, and with commercials.
Finally bankrupt financially, long after moral bankruptcy set in (on day one). If you have a strong stomach for reading whiney commentary about why they failed, go read the reasons they give on the linked announcement.
I would say "Good" except that now we will have to stave off a new push toward the Fairness Doctrine. Obviously the market is institutionally unfair, if Fox News is having such a gangbusters year, when AA falls flat on its face, being close-chased by the other alphabet networks. It couldn't be that nobody wants to listen to their progressive message.
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