Radio Moves and Media Quick Takes

Deion Sanders is expected to accept the head football coaching job at Colorado following today's SWAC championship game featuring his Jackson State Tigers and Southern University. With that move a number of players are expected to transfer from the HBCU school including his son, quarterback Shedeur. The University of Colorado will reportedly pay Sanders a base salary of $5 million per year.

Roland Martin tweets: If Deion Sanders chooses to take the @CUBuffsFootball head coaching job, be prepared for a lot of social media slander calling him a sellout and turning his back on Black people. And ALL OF IT will be BS.

Angela Yee broadcasts her last show on The Breakfast Club on Friday. She's now set to host her own syndicated morning show in January. >Read more...

98.7 ESPN Radio New York shakes up their lineup with more local programming. The Michael Kay Show with Hot 97's Rosenberg of Ebro in the Morning remains in place. Bart & Hahn will leave the national ESPN Radio lineup. In January they will be heard exclusively on 98.7 FM discussing New York sports from 12-3pm. ESPN New York trails Sport Radio WFAN in ratings across the board as these programming changes were expected. >Read more...

Charlotte's Adult R&B station WBAV-FM V101.9 is ranked first with a 7.0 share of the audience 6+ while Radio One owned all sports station "Sports 92.7 WFNZ-FM" is gaining traction in the marketplace with a 3.1 share...

Radio One Cleveland R&B station 93.1 WZAK is the number one ranked station with a 9.4 share of the audience 6+...



July 28, 2011

Legendary Urban Radio and Pioneering Black Radio Company, Inner City Broadcasting bought by Yucaipa Companies

Inner City Broadcasting (I.C.B.C.) Holdings, founded by now deceased chairman Percy Sutton, include: WBLS and WLIB in New York; KBLX in the SF Bay Area, and "The Big DM 101" WWDM in Columbia, S.C.

Source: Target News (July 28, 2011) The industry newsletter, Inside Radio, is reporting that Inner City Broadcasting, one of the largest black-owned chain of radio stations, is in the process of being acquired by two privately-held investment firms. The new largest shareholder will be Yucaipa Companies, a private equity firm owned by billionaire Ron Burkle.

Yucaipa had earlier acquired Inner City's long standing debt from its creditors. The other owner is Fortress Capital, which received its shares from acquiring the debt of GE Capital.

Burkle has teamed up with Earvin "Magic" Johnson most recently to acquire minority media companies. Most recently, they bought majority stakes in Vibe Holdings, which included Vibe and Uptown magazines, and rights to the Soul Train TV show, its name and archives.

Inside Radio reports that Pierre "Pepe" Sutton, ICBC chairman and son of founder Percy Sutton, will remain on the payroll in an unspecified capacity. Inner City owns 18 radio stations in seven markets, including its flagships, WBLS-FM and WLIB in New York.

Pictured here is the legendary disc jockey and program director Frankie Crocker, who vaulted WBLS to the #1 rated station in New York City in the mid 1970's after Sutton's purchase of the station in 1972.

1 comment:

  1. WGIV in charlotte needs the Warren Ballentine show like right now. Its the best thing going. I have to listen online. Travis you can e mail me at Partybususa@yahoo.com


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