Thursday, June 29, 2006

Yusef Jackson invests in first media venture

Yusef is the son of Rev. Jesse Jackson and the brother of Rep. Jesse Jackson Jr. In Crain's Chicago Business today Yusef is about to invest in a New York culture magazine called Radar...

Beer distributor Yusef Jackson has finally added a coveted title: publisher. The co-owner of River North Sales & Service and son of Rainbow/PUSH Coalition leader Rev. Jesse Jackson is attempting to resuscitate Radar, a saucy New York culture magazine that folded last year.

His Integrity Multimedia Co. LLC, incorporated in March, is making a “multiyear, multimillion-dollar investment to relaunch the title,” Radar said.

Mr. Jackson, 35, said he’s committed to supporting the magazine for at least five years, giving its editors time to find stability. He declined to put a number on the size of his investment in Radar.
He's even expressed interest in owning the Chicago Sun-Times and those properties to be sold off from Tribune Company in light of their recent troubles. This is what he says...

“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.”
His company, Inegrity Multimedia Co., LLC was incorporated in March of this year.

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