Jay Z In Talks To Buy Hot 97
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Meadiatakeout .... really bruh
Smh -
Damn I got 4 flags but the same story is on the AllHipHop.com homepage.
http://allhiphop.com/2015/01/18/jay-z-is-buying-hot-97/ -
Damn I got 4 flags but the same story is on the AllHipHop.com homepage.
http://allhiphop.com/2015/01/18/jay-z-is-buying-hot-97/
So what ? -
I'll believe it once a reputable site reports it or Jay himself confirms it.
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the idea that jay and melo and a group of people buying hot 97 is not crazy. wbls was sold in a package deal for 130 million and wbls is a top 5 radio station in nyc. hot 97 is not even top 10 anymore. so basically hot 97 is less than a hundred mil. this is not jay trying to get close to a billion up. him and melo alone should be able to buy hot 97
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If it's true, how's HE buying it when it's other people's money?
The heck?
According to the link they formed an investment group. It's basically the same way he bought the Nets basketball team. He'll put up 5% of the money along with a team of investors and be part owner.
An investment group can raise capital from hundreds/thousands of smaller investors who might invest $20k-$50k each. It's the investment group's job to raise the bulk of the money. Then guys like Jay Z add $10-$20 million.
You know he never bought the Nets, right?
He had less than 1% stock in it.
That's not buying a company
That aside Emmis communications various radio station and is not selling one of their biggest in the #1 market.
I thought he had 5% of the Nets but I could be wrong.
Nah, it was a 1% ownership, which basically buying stock. It mean so little that he sold it. Obviously wasn't as profitable as assumed.
Even 50 defined as owning a seat in the nets. it meant that little.
I tell people all time time Jay-z makes thing seems bigger than they are. He's good at that. And thats a good thing for hustling. -
[yr?If it's true, how's HE buying it when it's other people's money?
The heck?
According to the link they formed an investment group. It's basically the same way he bought the Nets basketball team. He'll put up 5% of the money along with a team of investors and be part owner.
An investment group can raise capital from hundreds/thousands of smaller investors who might invest $20k-$50k each. It's the investment group's job to raise the bulk of the money. Then guys like Jay Z add $10-$20 million.
You know he never bought the Nets, right?
He had less than 1% stock in it.
That's not buying a company
That aside Emmis communications various radio station and is not selling one of their biggest in the #1 market.
I thought he had 5% of the Nets but I could be wrong.
Jay had 5% initially. Yet when the nets was sold. He was brought out as well.
his 5%was reduced to less than 1%.
Alot of ppl assumed Jay talked them into keeping his 1% so that he can be the face of the move to Brooklyn. In attempt to drown out the ppl who were against the move.
Either or, Jay used his 1%,to put a rocawear store and a 40/40 club in the Barclay. -
Young Stef wrote: »Hov a living legend endorsed Mo courtesy of Pun maintains a new york to texas connection courtesy of solange. Now he buying flex spot shouldn't have bucked at Dame ? cause now he state propped up no reasonable doubt.
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The figure was minscule at best but he was able to parlay that into something more benficial.
Sometimes you gotta think long term. Jay probably learned a lot with the little share that he had and with that knowledge he opened up Roc Nation Sports. -
All told, he has achieved a remarkable feat of leverage with his tiny sliver of the team, which was reduced from one-third to one-fifteenth of a percent upon Mr. Prokhorov’s purchase of the Nets, according to people aware of the deal terms. (Mr. Carter, who declined to be interviewed for this article, retains a slightly larger sliver of the arena itself — just under a fifth of a percent.)
http://mobile.nytimes.com/2012/08/16/nyregion/with-the-nets-jay-z-rewrites-the-celebrity-investors-playbook.html?pagewanted=all&_r=0 -
Mediafakeout?
Clear Channel ain't gonna give away one of it's biggest markets like that.
Clear Channel doesn't own Hot.Hot has nothing to do w/ the other "Hot" stations .it's owned by Emmis communications.
Easy mistake to make though because most urban stations are clear channel or radio 1
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"1% of a billion more than ? ever seen/still they try and act like it's an everyday thing, clean"
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fortyacres&amule wrote: »first thing Jay should do he should put flex on the graveyard shift an.d change that bomb effect to the hadouuuuken
Maybe all the streetfighter sounds
Have flex Yelling some outlandish shot out of nowhere you just hear "spinning biiiiird Kick"
i wouldnt be mad at that at all -
Its ? up for Dip Set. They & their music gon be banned from the 40/40 & Hot 97 if this happens. Bird ? ?
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If anybody can explain why Diddy, Master P, Dr Dre, Birdman and Jay Z didn't start a multimedia conglomerate 10 years ago then you're smart enough to solve the Davinci code.
Ask Suge and them -
Roster Player #99 wrote: »"1% of a billion more than ? ever seen/still they try and act like it's an everyday thing, clean"
This.
? talking like he didnt eat well off that deal. Like the average ? would even be in a position to even have a conversation about owning 1% of an NBA team, let alone a team in NY. Come on with the ? -
wAXed_poetic wrote: »
If anybody can explain why Diddy, Master P, Dr Dre, Birdman and Jay Z didn't start a multimedia conglomerate 10 years ago then you're smart enough to solve the Davinci code.
Ask Suge and them
Slept on post..
The FEDS shut that ? down quick.. -
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Hov 97
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Young Stef wrote: »Hov a living legend endorsed Mo courtesy of Pun maintains a new york to texas connection courtesy of solange. Now he buying flex spot shouldn't have bucked at Dame ? cause now he state propped up no reasonable doubt.
Gwitty??
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Mediafakeout?
Clear Channel ain't gonna give away one of it's biggest markets like that.
Clear Channel owns WWPR 105.1-FM - Urban contemporary / Not Hot97 -
Roster Player #99 wrote: »"1% of a billion more than ? ever seen/still they try and act like it's an everyday thing, clean"
It wasn't even 1% though, first 1/3 of 1% then 15th of 1% when the big Russian destroyed the buildings. -
I just looked up Emmis Entertainment. Their stock is selling for $2.03 per share. Jay and his team have enough money to buy them out. I'm not sure how many outstanding shares they have but all he has to do is buy 51% of the company and that makes him/them majority owners.
Its not like Google or Apple where the company is selling for $600 per share.
https://www.scottrade.com/Search.html?q=EMMS -
OK, I just did a search, Emmis Entertainment is selling for $2.03 per share and they have 43.57M shares outstanding. So it would take about $88 million to buy 51% of the company.
https://research.scottrade.com/qnr/Public/Stocks/Snapshot?symbol=EMMS
Edit. Pardon my math
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wAXed_poetic wrote: »
If anybody can explain why Diddy, Master P, Dr Dre, Birdman and Jay Z didn't start a multimedia conglomerate 10 years ago then you're smart enough to solve the Davinci code.
Ask Suge and them
idk what forum suge posts on.
can anybody elaborate on this?
