Yusef Jackson makes his first media buy with investment in Radar magazine

Yusef Jackson makes his first media buy with investment in Radar magazine

(June 30, 2006) Yusef Jackson, Chicago entrepreneur and son of the Rev. Jesse Jackson, has made his first media acquisition by investing in Radar, the recently folded magazine of culture and politics. According to published reports Jackson, through his Integrity Multimedia Co. LLC, made a “multimillion” investment in the twice-folded publication that will be spread over a five-year period.

“Radar cover news, trends and celebrity culture with a bracing honesty and irreverence increasingly absent from other magazine,” says the description on the publication's current Web site. “We stand out by taking a stand. Our editors are always on the lookout for stories that make headlines, raise eyebrow, and push the envelope.”

Reuters reported that the new incarnation of Radar is expected to go on sale in early 2007. A new Web site will be relaunched this summer. Radar, once backed by real estate mogul and New York Daily News publisher Mortimer Zuckerman, was launched in 2003 but folded after publishing two issues. It was relaunched last year with an estimated $25 million investment from Zuckerman and folded again last year.

Jackson has hired Conde Nast publishing veteran David Aimone, as Radar's chief operating officer, the company said. The magazine's original editor, Maer Roshan, will lead the editorial staff.

Two year ago, Jackson led an investment group that offered to buy the Chicago Sun-Times for reportedly for $850 million. The paper, after courting numerous potential buyers, decided not to sell.

Jackson said in the Chicago Tribune that owning the newspaper has appeal for him. "I have been interested in the media business for a long time ... so I went after a big one first," Jackson, 35, a lawyer who is chief executive of River North Sales & Service, an Anheuser-Busch distributorship. "I learned a lot of lessons. I wish they had elected to sell it.

"I'm still very interested in the Sun-Times property," he said. "The Sun-Times is a great publication, a great paper. It's synonymous with Chicago, and I would love to own it."

Other acquisitions may also be coming for Jackson. He told the New York Times that Radar would probably not be the last media outlet he acquired, but he said he did not have a short list of companies. "I pray that this is the first of several acquisitions."

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Click here for free delivery of the Target Market News Bulletin You'll receive news of breaking stories, exclusives, updates and headlines on the latest developments in African American marketing and media Black Stats Frequently requested data on African American consumers Black Buying Power: $679 Billion (2004) Black U.S. Population: 38.3 million Top Five Black Cities - New York - Chicago - Detroit - Philadelphia - Houston Top Five Black Metros: - New York-New Jersey - Washington-Baltimore - Chicago-Gary - Los Angeles - Philadelphia Top Five Expenditures: - Housing 110.2 bil. - Food 53.8 bil. - Cars/Trucks 28.7 bil. - Clothing 22.0 bil. - Health Care 17.9 bil. Click here for more stats from "The Buying Power of Black America." ______________________ Get quick access to key U.S. Census Bureau Data Click here to go to African-American Census Bureau data _____________________ Copyright `© 2006 by Target Market News Inc.` All rights reserved Business address: 228 S. Wabash Ave. Suite 210 Chicago, IL 60604 t. 312-408-1881 f. 312-408-1867 info@targetmarketnews.com	Yusef Jackson makes his first media buy with investment in Radar magazine (June 30, 2006) Yusef Jackson, Chicago entrepreneur and son of the Rev. Jesse Jackson, has made his first media acquisition by investing in Radar, the recently folded magazine of culture and politics. According to published reports Jackson, through his Integrity Multimedia Co. LLC, made a “multimillion” investment in the twice-folded publication that will be spread over a five-year period. “Radar cover news, trends and celebrity culture with a bracing honesty and irreverence increasingly absent from other magazine,” says the description on the publication's current Web site. “We stand out by taking a stand. Our editors are always on the lookout for stories that make headlines, raise eyebrow, and push the envelope.” Reuters reported that the new incarnation of Radar is expected to go on sale in early 2007. A new Web site will be relaunched this summer. Radar, once backed by real estate mogul and New York Daily News publisher Mortimer Zuckerman, was launched in 2003 but folded after publishing two issues. It was relaunched last year with an estimated $25 million investment from Zuckerman and folded again last year. Jackson has hired Conde Nast publishing veteran David Aimone, as Radar's chief operating officer, the company said. The magazine's original editor, Maer Roshan, will lead the editorial staff. Two year ago, Jackson led an investment group that offered to buy the Chicago Sun-Times for reportedly for $850 million. The paper, after courting numerous potential buyers, decided not to sell. Jackson said in the Chicago Tribune that owning the newspaper has appeal for him. "I have been interested in the media business for a long time ... so I went after a big one first," Jackson, 35, a lawyer who is chief executive of River North Sales & Service, an Anheuser-Busch distributorship. "I learned a lot of lessons. I wish they had elected to sell it. "I'm still very interested in the Sun-Times property," he said. "The Sun-Times is a great publication, a great paper. It's synonymous with Chicago, and I would love to own it." Other acquisitions may also be coming for Jackson. He told the New York Times that Radar would probably not be the last media outlet he acquired, but he said he did not have a short list of companies. "I pray that this is the first of several acquisitions." Go to Target Market News homepage	JUST 1 WEEK AWAY! Early Bird Rate Extended! Save $100 – Register Now Hear presentations from: Arbitron Inc. E. 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