WLIB (1190 kHz.) is an urban contemporary gospel AM radio station located in New York City. WLIB is owned by YMF Media LLC through licensee YMF Media New York Licensee LLC, along with sister station WBLS (107.5 FM). The two stations share studios in West Village section of Manhattan, and WLIB's transmitter is located in Lyndhurst, New Jersey.
On August 22, 2011, former owner Inner City Broadcasting Corporation's creditors petitioned the United States Bankruptcy Court to force the firm to declare Chapter 11 bankruptcy on grounds that the company's executives failed to accept a buyout offer. The filing resulted in majority control of Inner City being taken over by YMF Media, owned jointly by Ron Burkle's Yucaipa Companies, and basketball legend Earvin "Magic" Johnson's Magic Johnson Enterprises. On May 21, 2012, the U.S. Bankruptcy Court for the Southern District of New York approved an local marketing agreement of WLIB and WBLS by YMF Media. The sale of WLIB and WBLS to YMF Media, along with 13 other stations, was consummated on October 19, 2012 at a purchase price of $180 million.
Read more about WLIB: History