Posted on 06/13/2022 2:15:35 PM PDT by Skywise
Under the agreement, Urban One will acquire WYXB (B105.7FM), WLHK (97.1FM), WIBC (93.1FM), The Fan 93.5FM and 107.5FM, and Network Indiana. "These are terrific general market formats and will be a great addition to Urban One in a transaction that is accretive and deleveraging," said Alfred Liggins, President and CEO, Urban One.
(Excerpt) Read more at wthr.com ...
Which is all I need to know about Mr Alfred Liggins management style.
Death by Powerpoint and Wall St buzzwords.
Does this go along with Soros’s buying the Latino stations?
Rat Radio doesn’t make money.
Probably,
Urban One is an African American owned business that specializes in media that supports Afro-centric viewpoints.
Living only 140 miles south of Indy I have noticed I can pick up AM radio stations for miles around in neighboring states but virtually nothing out of Indianapolis.
Just always seemed strange to me.
That is kind of strange.
WIBC is a strong number two in the Indianapolis market. If Urban One wants to blow up a very successful station, go ahead. I’m guessing they will keep the current format, or sell the station to another group. IHeart owns five stations in the market. They could swap their hip hop station for WIBC and pay a little cash, since WIBC is worth far more than WZRL, the rap station they’d be selling.
Regardless - WIBC’s independence is in strong doubt.
Radio is a dying medium in general. Can’t make money with it.
One local full-power FM sold to a religious broadcaster that operates on a non-profit basis.
When the Univision radio stations in New York got sold to the Soros backed group one FM not wanted by that group went to a religious broadcaster Family Radio a non-profit.
Maybe you have a good AM antenna. I live 60 miles south of Indianapolis and cannot pick up any AM stations in Indy.
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