Today, Radio One announced its acquisition of Red Zebra Broadcastings’ WWXT-FM and WXGI-AM. While Red Zebra, a sports marketing company, moves toward a more digital delivery system, Radio One, the largest urban radio broadcaster in the country expands its Washington, DC market and diversifies its Richmond market with this acquisition. DC’s WMMJ MAJIC 102.3 FM, a leading Urban Adult Contemporary station, will simulcast on 92.7 FM and grow its listenership. In Richmond, Radio One will diversify its all-music cluster and maintain the sports radio format of WXGI 950 AM and simulcast the new Richmond ESPN Radio on 1240 AM and 102.7 FM. The local marketing agreement is effective May 1. The deal is anticipated to close by the end of June.
Alfred Liggins, CEO of Radio One said, “I still believe in the power of terrestrial radio and am excited about this deal with Red Zebra. I’m always willing to evaluate an opportunity that allows us to grow our radio assets and continue to diversify our radio group not just through syndication and digital, but good programming that serves our listeners.”