Did Guggenheim Gag AURN, Black News To Death?



The Partnership for Innovation and Empowerment (PIE) is a Washington, D.C.-based organization that describes itself as a non-profit organization focused on “encouraging innovation by empowering communities through educational and business building activities.”

One key goal is to help minority and disadvantaged communities to find equal representation. Enter Sheridan Broadcasting Corp., in the news of late for the hiring of Leroy Jones, Jr. as President of Sheridan Radio and its digital division.

Sheridan Broadcasting Corporation (SBC) is one of the nation’s oldest Black-owned broadcasters and has been in operation since 1972. With headquarters in Pittsburgh, SBC currently owns WIGO-AM in Atlanta. It is also the company that saw its 51% control in American Urban Radio Networks (AURN) and Black News go to the Chesley Maddox-Dorsey-led Access.1 Communications in May 2016.

Access.1 is controlled by Guggenheim Capital Partners. That’s the entity at the center of a “white paper” that serves as an outright attack on the financial investment firm.

Please Login to view this premium content. (Not a member? Join Today!)