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The magic man, Ervin “Magic” Johnson is reportedly moving towards a controlling interest in broadcaster Inner City Broadcasting Corp. According to, Inner City’s debt will be sold to Magic Johnson Enterprises and Yucaipa Companies, who partnered earlier this year to buy a controlling interest in Vibe, as well as three FM stations in Phoenix.

Also, according to Target Market News, the debt deal would not give Magic Johnson & Yucaipa control of Inner City, but it could lead to a sale of some of its 17 stations.

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