AP is reporting — and CNN is giving top placement to — what is likely the least surprising news you'll read all week:

NEW YORK (AP) -- Air America Radio, a liberal talk and news radio network that features the comedian Al Franken, has filed for Chapter 11 bankruptcy protection, a network official told The AP.

It's like an anniversary present to Republicans, whose let's-make-it-harder-to-declare-bankruptcy bankruptcy reform went into effect a year ago next week.

Air America Radio Files Chapter 11 [CNN.com]