According to MediaTakeOut.com Jay Z is currently in negotiations to buy Hot 97 radio station
After the recent rants from NYC’s top DJ Funkmaster Flex calling out Hip Hop mogul Jay Z, the atmosphere in the Big Apple is heavy, in anticipation for the response from Jay Z’s camp. Well it has officially been reported, by a MediaTakeOut.com exclusive, that Jay Z is in negotiations to buy one of NYC’s #1 radio stations Hot 97.
According to MediaTakeOut.com:
According to a ROCK SOLID SOURCE – Shawn “Jay Z” Carter along with a group of investors that includes NY Knicks star Carmelo Anthony are currently NEGOTIATING TO BUY Hot 97 radio station. Talks are still early, but we’re told that both sides have HIRED LAWYERS and INVESTMENT BANKERS – and are serious in getting a deal done.
Could these negotiations be the real catalyst for Funkmaster Flex‘s rants, or did the beef over the Dipset reunion prompt the purchase of “New York’s #1 station for Hip Hop & RnB”?
[Update: Emmis Says No]
According to Emmis Communications, the company which owns Hot 97, Hov is not trying to purchase the NY radio station. HipHopWired reached out to Emmis, and with one short sentence they knocked down the rumors from the not-so-reliable MediaTakeOut. “That story is false,” said an Emmis rep.
We’ll update you if anything changes.
