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Check Out Radio-Info's People Seeking Jobs Board</a></dd> </dl> </div> <div id="news_top"> <p> <a href="/web/20100104083634/http://www.radio-info.com/sections/2-breaking-news/news_items/8010-two-inner-city-broadcasting-shareholders-sue" class="eventTracker track_NewsItem_ClickTopTwo label_label_8010-two-inner-city-broadcasting-shareholders-sue">Two Inner City Broadcasting shareholders sue</a>    |    <a href="/web/20100104083634/http://www.radio-info.com/sections/2-breaking-news/news_items/8003-stern-sidekick-artie-lange-is-hospitalized-with-an-undisclosed-condition" class="eventTracker track_NewsItem_ClickTopTwo label_label_8003-stern-sidekick-artie-lange-is-hospitalized-wit">Stern sidekick Artie Lange is hospitalized with an undisclosed...</a> </p> </div> </div> <div id="tray" style="display: none"> <div id="news"> </div> <div id="news_tray"> <div class="content">  <div id="stories"> <ul id="news_items"> <li> <div class="news_item" id="news_item_8010"> <a href="/web/20100104083634/http://www.radio-info.com/sections/2-breaking-news/news_items/8010-two-inner-city-broadcasting-shareholders-sue" class="eventTracker track_NewsItem_Load label_8010-two-inner-city-broadcasting-shareholders-sue">Two Inner City Broadcasting shareholders sue</a> </div> </li> <li> <div class="news_item" id="news_item_8003"> <a href="/web/20100104083634/http://www.radio-info.com/sections/2-breaking-news/news_items/8003-stern-sidekick-artie-lange-is-hospitalized-with-an-undisclosed-condition" class="eventTracker track_NewsItem_Load label_8003-stern-sidekick-artie-lange-is-hospitalized-wit">Stern sidekick Artie Lange is hospitalized with an undisclosed condition</a> </div> </li> <li> <div class="news_item" id="news_item_8000"> <a href="/web/20100104083634/http://www.radio-info.com/sections/2-breaking-news/news_items/8000-stephen-kings-fm-in-maine-to-flip-from-sports-to-progressive-talk" class="eventTracker track_NewsItem_Load label_8000-stephen-kings-fm-in-maine-to-flip-from-sports-">Stephen King's FM in Maine to flip from sports to progressive talk</a> </div> </li> <li> <div class="news_item" id="news_item_7999"> <a href="/web/20100104083634/http://www.radio-info.com/sections/2-breaking-news/news_items/7999-limbaugh-is-released-from-the-hospital-in-hawaii-says-his-heart-is-fine" class="eventTracker track_NewsItem_Load label_7999-limbaugh-is-released-from-the-hospital-in-hawa">Limbaugh is released from the hospital in Hawaii, says his heart is fine</a> </div> </li> <li> <div class="news_item" id="news_item_8004"> <a href="/web/20100104083634/http://www.radio-info.com/sections/2-breaking-news/news_items/8004-a-mexican-radio-reporter-is-kidnapped-and-now-the-police-who-are-investigating-are-targeted" class="eventTracker track_NewsItem_Load label_8004-a-mexican-radio-reporter-is-kidnapped-and-now-">A Mexican radio reporter is kidnapped, and now the police who are investigating are targeted</a> </div> </li> <li> <div class="news_item" id="news_item_8006"> <a href="/web/20100104083634/http://www.radio-info.com/sections/2-breaking-news/news_items/8006-former-orlando-radio-talk-host-shannon-burke-begins-his-six-month-prison-sentence" class="eventTracker track_NewsItem_Load label_8006-former-orlando-radio-talk-host-shannon-burke-b">Former Orlando radio talk host Shannon Burke begins his six-month prison sentence</a> </div> </li> <li> <div class="news_item" id="news_item_8005"> <a href="/web/20100104083634/http://www.radio-info.com/sections/2-breaking-news/news_items/8005-format-flip-in-billings-montana-to-big-sky-country" class="eventTracker track_NewsItem_Load label_8005-format-flip-in-billings-montana-to-big-sky-cou">Format flip in Billings, Montana, to "Big Sky Country"</a> </div> </li> </ul> </div> <div id="news_item"> <h3 class="tray-headline">Two Inner City Broadcasting shareholders sue</h3> <div id="news_item_8010_image" class="news_items thumb scaled"><img alt="Inner_city_default_scaled" src="/web/20100104083634im_/http://www.radio-info.com/system/news_item_images/0002/7606/Inner_City_default_scaled.jpg?1262591533"/></div> <p>Hugh Wyatt and Chester Redhead allege that the founding Sutton family and some ICBC executives have “looted the company” over the years and have failed to comply with the terms of a 1999 settlement with the New York attorney general. That agreement was for the Sutton family to re-pay $2.2 million in loans that let Percy Sutton and his circle buy more stock in ICBC. The New York Post story titled “Fall of the House of Percy Sutton” is <a href="https://web.archive.org/web/20100104083634/http://www.nypost.com/p/news/opinion/opedcolumnists/fall_of_the_house_of_percy_sutton_w7WxHIUR0CbrtFgZFZOu7J">here</a>. It recalls that the Suttons have recently reached out to U.S. Treasury Secretary Timothy Geithner and White House chief of staff Rahm Emanuel, asking for help to “squeeze Sutton’s biggest creditors to renegotiate the nearly $230 million in debt choking” Inner City. It worked. Percy Sutton died December 26 at age 89 and was memorialized on Inner City’s WLIB (1190) last Saturday, by city and state leaders such as his longtime friend Rep. Charles Rangel. The funeral for Sutton is Wednesday, January 6 at Riverside Church in Manhattan.</p> <div class="meta"> <div class="do relatedInfo"> <a href="javascript:void(0);" class="icon eventTracker track_MetaButton_Related label_8010-two-inner-city-broadcasting-shareholders-sue">Related Info</a> <div class="tip">Related Info</div> <div class="panel"> <div class="tab"> <h6>Related Info</h6> </div> <div class="pith"> <a href="#" class="panel_close">X</a> <ul> <li><a href="/web/20100104083634/http://www.radio-info.com/sections/2-breaking-news/news_items/8007-radio-remembers-former-kogo-newsman-clyde-e-martin-oklahomas-lynn-thomas">Radio Remembers: Former KOGO newsman Clyde E. 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In that position, he helped handle 25,000 claims worth more than $900 billion. Before that he'd been general counsel of its Enron International division from 1992 to 2001. For the past three years, Walls has been a founding partner and managing director of Post Oak Energy Capital. At San Antonio-based Clear Channel, he succeeds Andy Levin as EVP and General Counsel. 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