Radio One to acquire station.Lanham, Maryland-based Radio One Inc. (No. 8 on the BE INDUSTRIAL/SERVICE 100 list with $335.7 million in revenues) agreed to buy WSNJ-FM radio from New Jersey Radio Partners L.L.C. for $35 million. The station will be moved to the Philadelphia Philadelphia, ancient cities Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C. metropolitan area. The transaction is expected to close the first quarter of 2004. Radio One owns and/or operates 66 radio stations in 22 urban markets nationwide. "This acquisition will strengthen our position in the Philadelphia metropolitan market by giving us our third station in one of the largest radio markets in the country," said Radio One CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Alfred C. Liggins III. Radio One (Nasdaq: ROIAK and ROIA) is the largest radio broadcasting The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company primarily targeting African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. and urban listeners, reaching approximately 13 million listeners weekly. |
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