Drobny is also a director of numerous portfolio companies of Paradigm Group II, LLC and was formerly a partner in the firm of Adler Drobny Fischer, LLC, Certified Public Accountants and Consultants. Drobny is a member of the NASD and the American Institute of Certified Public Accountants, the Illinois C.P.A Society and several other professional associations. Drobny is also a former IRS agent. He holds a BS degree in Accounting from Roosevelt University, 1967.
Drobny and his wife, Anita, had conceived the idea of starting a progressive talk radio network to compete with conservative talk radio. Drobny credits President Bill Clinton and Vice President Al Gore in helping Air America Radio get started. Drobny claims Gore introduced him to Al Franken, helping AAR secure Franken as talent.
In mid 2003, the Drobnys met Cohen through a meeting arranged by David Goodfriend, a former Clinton aide and Beloit College classmate of Cohen. Cohen and his partner purchased the rights to start up the new radio network. After Cohen and his partners at Progress Media, LLC ran out of operating capital, Drobny and other investors moved in through Piquant LLC and purchased the assets of the radio network.
In 2006, after failing to reacquire control of Air America Radio, Sheldon and Anita Drobny founded Nova M Radio as a competitor to Air America Radio in producing and syndicating progressive talk radio programs. Nova M Radio currently distributes programs hosted by former Air America Radio personalities, Mike Malloy and Randi Rhodes.