From today’s Wall Street Journal:

The bankrupt parent of talk-radio network Air America is close to being bought by a group of investors led by a New York-area family, The Wall Street Journal reported on Monday, citing sources.

The French family of Westchester, New York, owner of New York City-area television concern WRNN, is leading a group of investors in a bid to buy the assets of Piquant LLC, the Journal reported, citing people familiar with the situation.

An agreement could be announced as early today, it said.