According to MediaTakeOut.com Jay Z is currently in negotiations to buy Hot 97 radio station.

Jay-Hot-97

Joining forces with a group of investors that includes the likes of Carmelo Anthony, the rap mogul is eager to take control of NYC’s legendary radio station. Sources claim talks are still early, but both sides are serious about the deal as lawyers and investment bankers have already been hired.
Could these negotiations be the real catalyst for Funkmaster Flex‘s rants, or did the beef over the Dipset reunion prompt the purchase of “New York’s #1 station for Hip Hop & RnB”?