Hey, Doug, take a deep breath. The sky IS falling:

From the LATimes

'"Air America Founders Launch Radio Network
Claire Hoffman
October 18, 2006

Days after the parent of the liberal Air America talk-radio network filed for bankruptcy protection, its co-founders launched a new network.

Longtime Democratic fundraisers Anita and Sheldon Drobny's Nova M Radio Inc. expects to air the network starting Oct. 30, broadcasting initially from stations in Phoenix and Little Rock, Ark. The Drobnys sold Air America in 2003 to a group of investors.

The Drobnys, along with Mike Newcomb, will serve as principals. The network has signed former Air America host Mike Malloy.

— Claire Hoffman'