October 18, 1999
RADIO ONE BUYS WCAV-FM
source: Yahoo News
Radio One, Inc. announced that it has completed the acquisition of radio station WCAV-FM, licensed to Brockton, Massachusetts, from KJI Broadcasting, LLC, for approximately $10 million. Radio One, founded in 1980, is the nation's largest radio broadcasting company primarily targeting African-American listeners. Pro forma for the completion of all announced acquisitions, the Company owns 26 radio stations, 25 of which are located in nine of the top-20 African-American markets in the United States.
posted on October 18, 1999 11:34 AM