Inner City Broadcasting Corporation
Founded Year
1971Stage
Acquired | AcquiredTotal Raised
$55MAbout Inner City Broadcasting Corporation
Inner City Broadcasting Corporation ("ICBC"), founded in 1971 by Percy Sutton (an active civil rights leader) and a group of investors, owns and operates 17 radio stations in 7 cities including New York, San Francisco, Philadelphia, Pittsburgh, Ft. Lauderdale, Jackson (MS) and Columbia (SC). The company's stations primarily target African-American listeners with a variety of formats tailored to the local communities.
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Latest Inner City Broadcasting Corporation News
Jan 7, 2021
EST. 1971 The late politician, Tuskegee Airman, and civil rights activist purchased a single radio station in New York City in 1971 for $1.9 million and grew it into media conglomerate Inner City Broadcasting Corp.—one of the first such broadcasting entities owned by African Americans. Its model of R&B, talk radio, and community service would be replicated nationwide. A fixture on the legendary 125th Street as a young man, Sutton gave back to the community when he purchased a financially devastated Apollo Theater for $250,000 in 1981. After saving the famed venue, his company produced the hit TV show Showtime at the Apollo and other programming. Sutton also headed a group that owned The New York Amsterdam News, the second largest Black weekly newspaper in the country.
Inner City Broadcasting Corporation Frequently Asked Questions (FAQ)
When was Inner City Broadcasting Corporation founded?
Inner City Broadcasting Corporation was founded in 1971.
Where is Inner City Broadcasting Corporation's headquarters?
Inner City Broadcasting Corporation's headquarters is located at 3 Park Avenue, New York.
What is Inner City Broadcasting Corporation's latest funding round?
Inner City Broadcasting Corporation's latest funding round is Acquired.
How much did Inner City Broadcasting Corporation raise?
Inner City Broadcasting Corporation raised a total of $55M.
Who are the investors of Inner City Broadcasting Corporation?
Investors of Inner City Broadcasting Corporation include Alta Equity Partners, Wachovia, Quetzal/Chase Capital Partners and Pacesetter Capital Group.
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