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WLIB is an urban contemporary gospel AM radio station located in New York City. WLIB is owned by YMF Media LLC, along with sister station WBLS. The two stations share studios in West Village section of Manhattan, and WLIB's transmitter is located in Lyndhurst, New Jersey.
YMF Media is owned jointly by investor Ronald Burkle and basketball legend Earvin "Magic" Johnson. The firm assumed control of WLIB and WBLS's former parent company, the bankrupt Inner City Broadcasting Corporation, on October 19, 2012 at a purchase price of $180 million.
On February 11, 2014, Emmis Communications announced it would purchase WLIB and WBLS from YMF Media for $131 million, pending final approval from the Federal Communications Commission.
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