NY Times report: Fact and spoof

Some of the following is true; some is spoof. I bet you can guess which is which. If you're not sure, here's a big hint: The NYT is finally reporting about the Air America loan scandal.
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Blogger Michelle Malkin is reporting that The New York Times, America's highest circulation liberal daily, will announce in Friday's paper that a sister liberal media organization, talk-radio network Air America, is the subject of investigations by both New York City's Department of Investigation and New York State's Attorney General.

The investigations deal with bizarre loan(s) totaling $875,000.00 made by a community service organization to one of its board members, who at the time was also an executive with Air America. Some money paid for the executive's personal expenses, but investigators believe most want to Air America.

Air America talk-show host Al Franken, self-identified as a scandal victim, seems to have suffered no loss in public approval because of the scandal.

According to a poll completed just this evening by The Pew Center for Liberal Humbuggery, Franken's approval rating is statistically the same as those of America's two most popular liberal icons, Sen. Ted Kennedy and the Rev. Al Sharpton.

The Times' announcement follows by almost two weeks reports on the scandal by every other New York City daily.

Asked to comment on The Times' delay, Malkin said only, "Well, that's The Times for you, isn't it?"