Home URBAN Radio One, Inc. Announces Definitive Agreement to Sell the Assets of WJKR-FM...

Radio One, Inc. Announces Definitive Agreement to Sell the Assets of WJKR-FM in Columbus

 width= One, Inc. today announced it has signed a definitive agreement to sell the assets of one of its , Ohio stations, WJKR-FM (The Jack, 98.9 FM), to Salem Media of Ohio, Inc., a subsidiary of (Nasdaq: SALM). The station is not a core asset for One and One will continue to own and operate two urban format stations in the Columbus market: WCKX-FM (107.5 FM), which plays mainstream/urban and WXMG-FM (106.3 FM), which plays R&B and oldies. The closing on the sale of WJKR-FM is subject to customary conditions, prorations and adjustments, including approval from the Federal Communications Commission (“FCC”). One expects the transaction to close shortly after final consent from the FCC. However, under a local marketing agreement, Salem will be providing programming for the station on November 1, 2012.

Subscribe to our daily email blasts HERE
mm
Kevin Ross: Radio Facts CEO with over 20 years experience in the Industry. Ross is a former radio Program Director and Radio Jock. You can contact him by clicking the "Contact Us" button in the menu bar.

Leave a Reply