Radio One agrees to acquire its 70th owned or managed station in Charlotte

Friday, August 6, 2004 at 12:37PM
TheSpook

Radio One has agreed to acquire the assets of radio station WABZ-FM, which is moving to Radio One's existing facilities located in the Charlotte, North Carolina market, for approximately $11.5 million in cash, subject to all necessary approvals. Following the completion of this acquisition, likely during the fourth quarter of 2004, the company expects to change the call sign and format of the station. Commenting on this acquisition, Radio One president and chief executive officer Alfred C. Liggins, III stated, "This acquisition is    another great deal for Radio One. Charlotte is an important city for us,as it is one of the faster growing markets in the Southeastern United States, an area that is seeing strong African-American population growth." [more]

Article originally appeared on (http://brownwatch.com/).