{"id":2618,"date":"2011-09-09T06:26:59","date_gmt":"2011-09-09T10:26:59","guid":{"rendered":"http:\/\/streamingradioguide.com\/startingover\/?p=2618"},"modified":"2011-09-09T18:45:09","modified_gmt":"2011-09-09T22:45:09","slug":"perry-sutton-caves-to-chapter-11-bankruptcy","status":"publish","type":"post","link":"https:\/\/streamingradioguide.com\/startingover\/?p=2618","title":{"rendered":"Perry Sutton caves to Chapter 11 bankruptcy"},"content":{"rendered":"<p>Perry Sutton is very influential in the civil rights movement, particularly in New York City.\u00a0 <a href=\"http:\/\/streamingradioguide.com\/startingover\/?p=823\">Back in May<\/a>, I wrote how the White House was strong arming Goldman Sachs and GE Capital to back off of foreclosing on their friend and political ally.\u00a0 The lenders washed their hands of the whole deal and sold their interest to  Magic Johnson&#8217;s business group to try to sidestep the race issue of  &#8220;shutting down Black Radio&#8221;.\u00a0 The two TARP recipients wrote off most of their $230 million loan to Perry Sutton.<\/p>\n<p><a href=\"http:\/\/streamingradioguide.com\/startingover\/?p=823\"> About 2 weeks ago<\/a>, I wrote that Ron Burkles, a close friend of Bill Clinton, led the charge to force Inner City Broadcasting into Involuntary Bankruptcy.<\/p>\n<p>PPM (the new Arbitron audience measuring technology) has devastated black radio &#8211; discovering wide spread diary fraud of people &#8220;loyal&#8221; to &#8220;black radio&#8221; logging they were listening to radio all day &#8211; when they weren&#8217;t.<\/p>\n<p>So Perry Sutton has agreed to not fight the takeover.  That makes it more likely he will have some role after bankruptcy, but probably not running the finances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Perry Sutton is very influential in the civil rights movement, particularly in New York City.\u00a0 Back in May, I wrote how the White House was strong arming Goldman Sachs and GE Capital to back off of foreclosing on their friend &hellip; <a href=\"https:\/\/streamingradioguide.com\/startingover\/?p=2618\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-2618","post","type-post","status-publish","format-standard","hentry","category-radio-biz"],"_links":{"self":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/2618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2618"}],"version-history":[{"count":7,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/2618\/revisions"}],"predecessor-version":[{"id":2625,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/2618\/revisions\/2625"}],"wp:attachment":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}