Radio One sells its Miami station to Salem Broadcasting for $12.2 million

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TOPICS TO BE COVERED

- Successful Start-up Strategies

- Improving Advertising Sales

- Building Your Magazine’s Brand

- Successful Website Strategies

- Opportunities From Editorial

- Latest Black Magazine Research

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13th Annual Edition
Buying Power report shows more spending by black consumers on 'necessities'

Thanks to economic gains in the past two years, black households across the U.S., especially middle-class families, are increasing their purchases of lifestyle and leisure items.

According to the newest edition of “The Buying Power of Black America,” there are indications that black households are feeling more confident about making purchases that...
Story continued...

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The African-American
Book Publishing Authority

Now in its ninth year of publication, Black Issues Book Review is the only nationally distributed magazine devoted exclusively to covering the latest news and reviews on black books. BIBR also provides up-to-date news on forthcoming author signings, book fairs and book clubs.
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COMING IN DECEMBER "A Must-Read For Marketing Professionals" Introducing a new trade magazine for the new opportunities in African-American marketing and media. The December 2007 issue of Target Market News magazine offers in-depth stories on: - Inside P&G’s “My Black is Beautiful” campaign - The targeted ad strategy for the 2010 Census - New advertising campaigns and assignments Plus a special spotlight on the nation’s top African-American ad agencies Click here for advertising information Click here to subscribe _________________ Departments Advertising & PR News Marketing News TV & Cable News Radio News Magazine News Newspaper News Internet News Retailing News Consumer Research Expenditure Data People in the News Industry News Company Bios and Background Register Here STAY IN-THE-KNOW! Are you getting the latest industry news when it happens via e-mail? Click here for free delivery of the Target Market News Bulletin You'll receive news of breaking stories, exclusives, updates and headlines on the latest developments in African American marketing and media Black Stats Frequently requested data on African American consumers Black Buying Power: $719 Billion (2005) Black U.S. Population: 38.3 million Top Five Black Cities - New York - Chicago - Detroit - Philadelphia - Houston Top Five Black Metros: - New York-New Jersey - Washington-Baltimore - Chicago-Gary - Los Angeles - Philadelphia Top Five Expenditures: - Housing $110.2 bil. - Food $53.8 bil. - Cars/Trucks $28.7 bil. - Clothing $22.0 bil. - Health Care $17.9 bil. Click here for more stats from "The Buying Power of Black America." ______________________ Get quick access to key U.S. Census Bureau Data Click here to go to African-American Census Bureau data _____________________ Copyright `© 2007 by Target Market News Inc.` All rights reserved Business address: 228 S. Wabash Ave. Suite 210 Chicago, IL 60604 t. 312-408-1881 f. 312-408-1867 info@targetmarketnews.com	Radio One sells its Miami station to Salem Broadcasting for $12.2 million (October 19, 2007) Radio One announced last week a deal to sell its lone station in Miami, WTPS-AM, to Salem Communications for 12.25 million. The deal is expected to close in by the end of the year, but Salem has already taken over programming, with an local marketing agreement effective yesterday. "The programmers who have been heard on our WKAT-AM 1360 will now have a new and expanded home at 1080AM, and the coverage of this new 50,000 watt signal is enormous, reaching from the Florida Keys to Boca Raton, said Joe D. Davis, Division President, Radio, at Salem. Our new call letters on 1080 will be WMCU, acknowledging the heritage of great Christian programming in south Florida. Miami is the 11th largest radio market in the United States, and we are pleased to serve the large number of people there interested in Christian and family themes." The sale comes on the heels of Radio One’s sale of five stations in Augusta, GA to Perry Broadcasting. Radio One continues to own and operate 54 radio stations in 17 markets. Go to Target Market News homepage	________________________ This is the industry's only symposium examining the latest research, trends and opportunities for African-American magazine publishers and advertisers TOPICS TO BE COVERED - Successful Start-up Strategies - Improving Advertising Sales - Building Your Magazine’s Brand - Successful Website Strategies - Opportunities From Editorial - Latest Black Magazine Research Click for more info and to register ___________________________ 13th Annual Edition Buying Power report shows more spending by black consumers on 'necessities' Thanks to economic gains in the past two years, black households across the U.S., especially middle-class families, are increasing their purchases of lifestyle and leisure items. According to the newest edition of “The Buying Power of Black America,” there are indications that black households are feeling more confident about making purchases that... Story continued... _________________________________________________________________________________________ The African-American Book Publishing Authority Now in its ninth year of publication, Black Issues Book Review is the only nationally distributed magazine devoted exclusively to covering the latest news and reviews on black books. BIBR also provides up-to-date news on forthcoming author signings, book fairs and book clubs. Want this issue? Get it with your new subscription. Click Here A TARGET MARKET NEWS PUBLICATION _________________________ SUBSCRIBE TODAY! The trade publication for in-depth coverage of Black Consumer Marketing and Media news