There's been so much media coverage of what Imus said, but no one has mentioned what he actually said. I did some digging and found out. He and his team we discussing the NCAA women's championship the night before, where Tennessee's Lady Vols' 59-46 won over Rutgers' Scarlet Knights.
Imus started comparing the 2 teams, saying that the players on Tennessee's team were "all cute girls." He called the Rutgers team, most of whom are African-American, "nappy-headed hos." He then referenced Spike Lee's film "School Daze," comparing the two teams to the film's fictional college cliques divided by skin color known as "jigaboos" and "wannabes."
His inevitable apology was:
"(I) want to take a moment to apologize for an insensitive and ill-conceived remark we made the other morning referring to the Rutgers women's basketball team. It was completely inappropriate, and we can understand why people were offended. Our characterization was thoughtless and stupid, so, and we're sorry."