The new owner of WISH is investing $3 million. He explains why.

Indianapolis native DuJaun McCoy is back home with a big project. In April, he purchased WISH-TV Channel 8 and sister station WNDY-TV Channel 23 for $42.5 million, becoming the only black owner of a TV station in a Top 50 market.

Now, he's investing $3 million in equipment and a new vehicle fleet to help his team compete. And he's adding more than 20 people to the staff—including more salespeople and journalists, with an emphasis on multicultural and medical reporting.

McCoy talks with podcast host Mason King about why he's excited about returning home, his vision for the stations and how he's trying to help other minorities become station owners.

To learn more about McCoy, read IBJ reporter Anthony Schoettle's story at IBJ.com.