According to a report on Drudge posted just now, Air America has been yanked off the air in L.A. and Chicago, reportedly because of bouncing checks. The Smoking Gun has what seems to be an injunction filed by AAR against Multimedia Radio Broadcasting, owners of the stations in question. No word on whether Republican troops are demolishing liberal landmarks around the city. ;) I’m not near a radio at the moment — can anyone confirm or deny?
Update: apparently it is for real. See comments for more info.
Update 2: Sean has posted a followup to the ongoing saga.