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A group of New Orleans investors is putting in a bid to purchase African American news talk radio station WBOK 1230 AM from Los Angeles based-Bakewell Media.
The partnership led by New Orleans native and actor Wendell Pierce includes Spears Group President and Chief Executive Officer Cleveland Spears III; Henry Consulting Managing Partner Troy Henry; and Thomas Media founder Jeff Thomas.
If the bid is accepted, the group said the acquisition will be financed partially by the four partners and debt-financed through Liberty Bank, making the team 100 percent black-owned and financed.
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