Key Developments For Radio One, Inc.
Radio One, Inc. (ROIAK.O) (Consolidated Issue listed on NASDAQ Global Market)
Radio One Posts Q3 2009 Profit; Shares Jump-Reuters
Reuters reported that shares of Radio One rose after Radio One posted a third quarter of 2009 profit as its stations continued to show signs of improvement.
Radio One Completes Acquisition Of WPRS-FM
Radio One announced that it has completed the acquisition of the assets of radio station WPRS-FM, located in the Washington, DC market, for approximately $38.0 million in cash.
Radio One Completes Sale Of Its Los Angeles Radio Station
Radio One announced that effective May 30, 2008, it completed the sale of the assets of radio station KSWD-FM (formerly KRBV-FM), located in the Los Angeles, California metropolitan area, for approximately $137.5 million in cash, to Bonneville International.
Radio One Announces The Acquisition Of Social Media Network Community Connect Inc.
Radio One announced that it has acquired the social networking company, Community Connect Inc., for a transaction price of approximately $38 million dollars.
Radio One To Sell KRBV-FM Station in Los Angeles
Radio One, Inc. announced that it has entered into an Asset Purchase Agreement to sell KRBV - FM, its radio station in Los Angeles, California, to Bonneville International, the Salt Lake City based broadcast and communications company. The transaction price is approximately $137.5 million. The transaction is expected to close during the second quarter of 2008.
