WBLS is an urban adult contemporary formatted FM radio station, licensed to New York City. It is currently owned by Mediaco Holding and operated by Emmis Communications under a shared services agreement, along with sister stations WLIB and WQHT. The three stations share studios in the Hudson Square neighborhood of Lower Manhattan, and WBLS' transmitter is located at the Empire State Building. It was previously owned by YMF Media LLC, owned jointly by investor Ronald Burkle and Magic Johnson, which had assumed control of WBLS and WLIB's former parent company, Inner City Broadcasting Corporation, on October 19, 2012, at a purchase price of $180 million.