The nation’s No. 1 owner of radio stations needed to clear its recently launched African American-centric news and information network in the nation’s No. 1 market.
A broadcast property with a rich history of serving the Black community in New York City was available.
As of Sept. 10, iHeartMedia can say it has a home for BIN: Black Information Network in the Big Apple, and Kalil & Co. was the broker of record.
On Sept. 16, the price iHeart is paying for the property became known.
And, there’s a new twist: an unbuilt FM translator’s inclusion in the deal could presage a bigger deal for BIN in the Big Apple.
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