African-American media company purchases Radio One Augusta Stations
on August 31st, 2007 at 8:23 amOklahoma City, OK (BlackNews.com) – Perry Publishing & Broadcasting Company has partnered with veteran communications executive Sheila Eldridge to acquire five radio stations in Augusta, GA owned by Radio One Inc. (NASDAQ:ROIAK and ROIA)
Russell M. Perry, owner of Oklahoma’s largest African-American owned media company, announced that he has formed Perry Broadcasting of Augusta with Eldridge, a minority partner, to acquire four FM stations and one AM station for $3.1 million from Radio One Inc., the nation’s seventh largest radio station owner. The stations are WAKB-FM (Urban/AC); WAEG-FM (Urban); WTHB-FM and WTHB-AM (both Gospel); and WFXA-FM (Alternative Rock). (more…)
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