Tony Quartarone, who runs an urban station in Wilmington, Delaware, is quoted by All Access as "aggressively" looking to "acquire a New York City radio property." It does not say whether it's an existing urban property (Kiss-FM, WBLS) or any other frequency (WRXP) or even a low-power TV station operating on 87.7 FM... I doubt WAXQ is in the mix, though...
http://www.allaccess.com/net-news/archive/story/86391/q-media-seeks-new-york-station
http://www.allaccess.com/net-news/archive/story/86391/q-media-seeks-new-york-station