Randi Rhodes Is On Her Own and Nova M Files for Bankruptcy. It comes to light now that the sticking point between Randi Rhodes and Nova M was her belief that her contract included helping her with legal costs which it did not. She is now rumored to be seeking a local radio gig and many believe she’s trying to get back to her old station – WJNO, West Palm Beach. As for Nova M, it was losing a lot of moolah — $100,000 per month. The founders and corporate officers — Sheldon and Anita Drobny — are filing for Chapter 7 bankruptcy liquidation for the company. Some of Nova M’s other talent — Mike Malloy, Nancy Skinner — continue in syndication as another person involved with Nova M from the beginning, Dr. Mike Newcomb, is reorganizing the network as On Second Thought Radio Network.
The radio business is in a tailspin right now, and Randi has had a lot of legal bills stemming from the lawsuit filed against her by Iraq contractor CACI. It's a big loss for the South Florida talk radio market, which frankly, wasn't that good to begin with. That say, let's all say a prayer for Thom Hartmann (number 10 on the Talkers "Heavy 100" and the number one non-winger show.) If he goes, I'm going to go back to listening to jazz CDs in the car.
Cross-posted at Reidblog.
