Proposed Liberal Radio Network Sold - New Investors Aim for Startup Early 2004

Nov 19, 2003 CHICAGO (AP) 10:51 PM - A group headed by a former adviser to the Democratic National Committee has taken over the effort to create a liberal radio network to compete with conservative talk radio. Mark Walsh, who's also a former America Online executive, said his investors' group bought the proposed network from the venture capitalists who started AnShell Media L.L.C. in February. The purchase price was not announced.

At the time, Sheldon and Anita Drobny said they had lined up $10 million and hoped to be on the air by this fall. But the Drobnys never hired any talent, purchased any stations or signed any distribution contracts.

Walsh, who once served as the DNC's chief technology adviser, said Tuesday that he expects to be broadcasting by early next year. Liberal comedian and author Al Franken said he was encouraged by the sale to Walsh's group and that he was talking with Walsh about developing a show.

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