Emmis Communications may be known for radio but they're putting money into a DJ's web and mobile operation. Funkmaster Flex, a well-known hip hop dj at New York's Hot 97 radio station, also runs Flexco which creates websites and mobile apps for other radio stars. Though the exact investment amount is not public, Emmis ends up with 40% of Flexco. Funkmaster Flex has long been a key player in New York hip hop due largely to his longstanding gig at New York's HOT 97. Back when I was following his work he was putting out a lot of mixtapes with...

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