Air America, which filed for Chapter 11 bankruptcy protection, may have a lifeline. The French family, which owns New York City-area television concern WRNN, may buy it. If the deal doesn't go
through, it increases the likelihood that Piquant could face imminent liquidation. Al Franken, Air America's most famous host, could soon leave if he decides to run for a U.S. Senate seat from
Minnesota--a move he is now evaluating.
