From today's TRI Newsletter: Inner City Broadcasting’s debt will be changing hands, says TheDeal.com, so Goldman Sachs can finally take it off the books. Inner City’s controlling Sutton family played hardball during the 2009 financial crisis, when Goldman and GE Capital were squeezing ICBC over $230 million in debt. Politicians got involved, and Goldman and GE backed off. Now Goldman finds a solution to holding the delinquent debt - it sells it to Magic Johnson Enterprises and Ron Burkle's Yucaipa Companies. Earlier this year, MJE and Yucaipa bought a big chunk of Vibe Holdings (Vibe magazine, the Soul Train TV show), and then in April committed $16 million to buy three Phoenix-area FMs. Now here’s the Inner City deal that includes New York-market urban AC WBLS (107.5) and gospel WLIB (1190), plus properties in other markets. Note that holding a company's debt doesn’t equate to ownership or control, in the eyes of the FCC. So there are several chapters ahead, where the Suttons fight to keep their patrimony. This is also probably frustrating to Cathy Hughes and Alfred Liggins at Radio One. They’ve talked for years about combining what’s already the largest African-American radio group with Inner City. But the Sutton family never wanted to give up control. Now they may have to – and the beneficiary may be Magic Johnson and his associates, not Radio One.