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Buying Power report: Blacks spend as economy grows
New 16th edition shows $507 bil in spending



The finding comes from the 16th annual edition of "The Buying Power of Black America" report. In 2009, black households spent an estimated $507 billion in 27 product and services categories. ...

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Radio One reaches deal to sell one of its three Columbus, Ohio stations

(October 24, 2012) Radio One, Inc. has announced it has signed a definitive agreement to sell the assets of one of its Columbus, Ohio radio stations, WJKR-FM (The 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, meaning its format is not targeted to an African-American audience. 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, 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 begin providing programming for the station on November 1st.


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