So, apparently there was some nudity on the television last weekend. I don’t see what the big deal is. I mean, you’ve seen one nipple, you’ve seen them all, right? Anyway…
It looks like 107.5 WBLS-FM will be sticking around for a little while longer, with some help from Magic Johnson:
US Bankruptcy Judge Shelley Chapman rejected the objection by the IRS, represented by the US Attorney in Manhattan, and approved the sale to YMF Media, which made a credit bid of $180 million. No other bidder came forward to challenge YMF’s “stalking horse” bid, so the auction set for earlier this month was canceled.
YMF Media was created by the two Yucaipa funds and two Fortress funds which own the senior debt of Inner City Radio Corporation. The “M” is believed to refer to Magic Johnson, who is already Yucaipa’s partner in three Phoenix radio stations.