As RBR+TVBR first reported on May 1, Urban One has engineered a deal that will give it two African American-targeted FM radio stations in the Dallas-Fort Worth market from Service Broadcasting, the privately held licensee long associated with Hymen Childs. At the same time, Urban One is agreeing to part ways with an FM in North Texas it already owns, selling it to a Christian broadcast ministry.
Terms including the prices for the Urban One acquisition and its concurrent divestment became known on Tuesday.
