‘Magic’ Making Moves On Inner City Broadcasting

According to published reports, basketball Hall of Famer, Earvin “Magic” Johnson, is quietly making moves that could result in acquiring controlling interest in Inner City Broadcasting Corp. and its flagship radio stations in New York, WBLS-FM and WLIB-AM. Thedeal.com reported that ICBC’s debt of over $230 million currently held by Goldman Sachs and GE Capital…