Wednesday, October 24, 2012

Salem Buys WJKR Columbus From Radio One

Radio One, Inc. Tuesday announced it has signed a definitive agreement to sell the assets of one of its Columbus, Ohio radio stations, WJKR-FM (Jack, 98.9 FM), to Salem Media of Ohio, Inc., a subsidiary of Salem Communications .

 The station is not a core asset for Radio One and Radio One will continue to own and operate two urban format radio stations in the Columbus market: WCKX-FM (107.5 FM), which plays mainstream/urban and WXMG-FM (106.3 FM), which plays R&B and oldies. 

The closing on the sale of WJKR-FM is subject to customary conditions, prorations and adjustments, including approval from the Federal Communications Commission. Radio One expects the transaction to close shortly after final consent from the FCC.

 However, under a local marketing agreement, Salem will be providing programming for the station on November 1, 2012.

No comments:

Post a Comment