Rumor Mill: Jay Z to Purchase Hot 97

Jay Z hot 97

Jay Z is reportedly in negotiations to purchase New York’s radio station, Hot 97.

MediaTakeOut.com was the first to dish this information following Funkmaster Flex’s surprise rant about a beef he had with Beyonce’s hubby and his Life & Times website. And according to MTO’s “rock solid source” the beef was probably ignited after Flex heard of the new merger his job and Jay are gearing towards.

According to MTO:

“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.”

WQHT Hot 97 is currently owned by Emmis Communications and is one of its flagship radio properties.

Stay tuned to get further confirmation in regards to this


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Blex

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