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Urban One Inc. To Acquire Four Houston Radio Stations From Cox Media Group

PUBLIC · UONEApr 11, 2023

Acquiring Company

Urban One

Acquired Company

Radio Chicago LLC

Silver SpringMilwaukeeAdvertisingMedia And EntertainmentMusicAudioNewsDigital MediaBroadcastingPodcast

Description

Today, Urban One Inc. (NASDAQ: UONEK; UONE) announced it has signed a definitive asset purchase agreement with Cox Media Group ("CMG") to purchase its Houston radio cluster. Under the terms of the agreement, Urban One will acquire 93Q Country KKBQ-FM, classic rock station The Eagle 106.9 & 107.5 KHPT-FM and KGLK-FM, and Country Legends 97.1 KTHT-FM.

Quick answer

Urban One is acquiring Radio Chicago LLC, announced April 11, 2023. Urban One is based in Silver Spring, Maryland, United States.

How much did Urban One pay for Radio Chicago LLC?
The deal value was not disclosed.
What does Urban One do?
Urban One Inc. (urban1.com), together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States.
Where are Urban One and Radio Chicago LLC based?
Urban One is based in Silver Spring, Maryland, United States. Radio Chicago LLC is based in Milwaukee, Wisconsin, United States.
Who are the decision-makers at Urban One?
Fundz holds 1 contact at Urban One. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Urban One

Location

1010 Wayne Avenue

Silver Spring, Maryland, United States

About

Urban One Inc. (urban1.com), together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. The Company owns TV One, LLC (tvone.tv), a television network serving more than 59 million households, offering a broad range of original programming, classic series and movies designed to entertain, inform, and inspire a diverse audience of adult Black viewers. As of September 30, 2022, we owned and/or operated 66 independently formatted, revenue producing broadcast stations (including 55 FM or AM stations, 9 HD stations, and the 2 low power television stations) branded under the tradename "Radio One" in 15 urban markets in the United States. Through its controlling interest in Reach Media, Inc. (blackamericaweb.com), the Company also operates syndicated programming including the Rickey Smiley Morning Show, the Russ Parr Morning Show, and the DL Hughley Show. In addition to its radio and television broadcast assets, Urban One owns iOne Digital (ionedigital.com), our wholly owned digital platform serving the African American community through social content, news, information, and entertainment websites, including its Cassius, Bossip, HipHopWired and MadameNoire digital platforms and brands. Through our national multi-media operations, we provide advertisers with a unique and powerful delivery mechanism to the African American and urban audiences.

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Frequently asked

Who acquired Radio Chicago LLC?

Radio Chicago LLC was acquired by Urban One, based in Silver Spring. The deal was reported on April 11, 2023. Urban One Inc. (urban1.com), together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. Urban One is publicly traded (UONE) and operates in Advertising.

When did Urban One acquire Radio Chicago LLC?

Urban One's acquisition of Radio Chicago LLC was reported on April 11, 2023. Today, Urban One Inc. (NASDAQ: UONEK; UONE) announced it has signed a definitive asset purchase agreement with Cox Media Group ("CMG") to purchase its Houston radio cluster. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Radio Chicago LLC do?

Listen to online radio and music on over 30,000 national and international radio stations. Discover free live radio online on radio.net It is privately held, and is based in Milwaukee.

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