Radio Air America nears sale to group led by the French family Air America radio's parent company may have found a new rescuer: the French family of Westchester County, N.Y., which owns New York City- area television concern WRNN. A consortium of investors led by the French family is on the verge of signing a deal to purchase the assets of Piquant LLC, which filed for Chapter 11 bankruptcy protection in New York in October, according to people familiar with the situation. Any agreement would need to be approved by the bankruptcy court. If the deal doesn't go through, it increases the likelihood that Piquant could face imminent liquidation. Source: Sarah McBride. The Wall Street Journal Online