Thursday, June 29, 2006

Yusef Jackson and Ron Burkle To Team Up ?

Crain's Chicago Business reports on Jesse Jackson's son,Yusef Jackson, buying Radar magazine:
“I would love to own the Chicago Sun-Times,” he said in an interview Thursday afternoon. “I think it’s a great Chicago media property with an amazing Chicago heritage.”

As for Tribune Co. assets, he said: “To the extent the Tribune assets in Chicago become available, I’m someone who will look at them. I won’t look at them all over the country. That’s not what I do.”

That could mean no deal. Tribune’s Chairman and CEO Dennis FitzSimons has said that assets in the nation's top three media markets – including Chicago – aren’t for sale.

Mr. Jackson declined to say who his co-investors are in Radar. In 2004 he sought to buy the Sun-Times with California billionaire Ron Burkle, but he wouldn't say whether Mr. Burkle is involved with Radar.
Will Burkle and Jackson create a new media empire?