According to an inside source, Jay Z is reportedly part of a group in negotiations to purchase New York radio station Hot 97. The report was published yesterday (Monday January 19), according to a 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.”
Hot 97, home Funkmaster Flex, is considered one of Hip Hop’s legacy radio stations. Last week, Funkmaster Flex ranted against Jay Z.
“A couple years ago, I dropped that DJ Funk Flex app,” Funkmaster Flex said. “I get an email from a writer at Life + Times, the website. They want to talk to me about my digital involvement and write a story. First of all, I salute the young man who wrote the story. I appreciate the love, but bruh I’mma tell you something. I peeped back then when they was using a writer outside that did not work for the website. And that website is trash by the way. And I figured I’d say that trash so you take me serious on where I’m going. They do this interview after I drop my app. Asking me a lot of key questions about apps, building apps, how, why, how’d you launch it. But all of that didn’t get put in the story though. A lot of that information got put into that new Jay Z app.”
If the reported deal goes through, Jay would be Flex’s boss.