Along with Percy Sutton, it sounds as though Inner City itself is about to expire. Allegedly Mr. Sutton and his family were using Inner City as their personal bank account for quite a while and other shareholders have caught on to it and the lawsuits have begun.
Maybe time for a reversal of what was done in the mid-90's - Federated buys WLIB from Inner City, shuts it down and restores WOWO to their previous status. Not sure if the FCC would let WLIB be converted back to a daytimer - may just need to be shutdown totally. Probably an expensive project, but I'll dare to dream.
Everything Price Communications touched was destroyed. WWKB, Buffalo, the heritage top 40 in that market went from 7th in 12+ ratings to becoming a permanent fixture at the bottom of the charts after the entire staff was fired and replace by a satellite feed in the late 1980's. Literally, they went to about 0 listeners in one book. Then this horrible deal they made when selling WOWO - which even with Price's blundering was still at or near the top in the Ft. Wayne market when they sold it. Until then, though, WOWO was lucky - at least maintained a live and local staff throughout the Price era.
Does anyone know - was Price also a minority owned broadcaster? Always wondered what motivated them to make this deal - I'm sure they could have sold WOWO intact for plenty of money.