In article ,
lsmyer wrote:
This headline made it sound like Air Amerika had gotten some type of public
funding, but it was just more money being pumped in by its investors.

Hmmm.... I thought commercial radio was supposed to be funded by
commercials. Or maybe that's only when it produces a commercially viable
product.

http://channels.netscape.com/ns/news...&w=RTR&coview=




"suposed to" ?

Huh ?

There's private companies and public companies. The owners of a
private companies get to keep all the profits and don't have to listen
to grumbling stockholders at the annual public meeting, or report lots
of stuff to the SEC. There are reasons why companes go public, but in
general they wish they didn't have to. (stock speculation is a whole
other discussion.)

It took several years for Fox Cable to need private funding.

They seem to be doing fine, about 40 stations, plus XM, Serius,
and internet streaming.


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