M&A
confidence medium
sentiment positive
materiality 0.55
Urban One to acquire Dallas radio stations KKDA and KRNB, sell KZMJ
URBAN ONE, INC.
- Agreement to acquire Service Broadcasting Group (KKDA and KRNB) and sell KZMJ to Fuzion Dallas, LLC.
- Both transactions subject to FCC approval and customary closing conditions.
- CEO cites acquisition as accretive, expanding Urban One's presence in Dallas market.
- No deal value or financial terms disclosed in the announcement.