The rumor mill ran off the tracks the past few days with speculation that Jay Z joined a group of investors that included Carmelo Anthony (what else is he going to do **w that the Knicks are so bad) to buy major New York City hip-hop radio station Hot 97 from its parent, Emmis Communications after he was attacked on air by popular and influential host and DJ Funkmaster Flex. This rumor, which came from homophobic gossip blog MediaTakeOut.com who vehemently defended their "rock solid source," has proven to be very false. We reached out for comment and a spokesperson for Emmis Communications, Kate Snedeker denied the story, stating plainly, "it is false."