Two recent developments have us wondering if Yucaipa Investments and Magic Johnson are winding down their YMF Media holdings.
YMF has sold their brokered Chinese 1400 KVTO Berkeley/San Francisco and brokered Vietnamese 1430 KVVN Santa Clara/San Jose to Pham Radio Communication for $6 Million.
Earlier this week Tom Taylor reported in his daily Tom Taylor Now newsletter that Larry Wilson’s L&L Broadcasting has signed a letter of intent to acquire YMF’s Columbia, SC and Jackson, MS stations. YMF owns five stations in Columbia and six in Jackson.
Those deals would leave YMF with just a pair of stations. Urban AC 107.5 WBLS and Gospel 1190 WLIB New York.
YMF Media was formed in 2011 by Ron Burkle’s Yucaipa Companies and Magic Johnson’s Johnson Capital Investment to acquire the assets of Inner City Broadcasting for $180 Million out of bankruptcy.
