SAN FRANCISCO (Thomson Financial) - Radio One Inc. said Monday it has agreed
to sell its Los Angeles radio station KRBV-FM to Bonneville International for
about $137.5 million.
The deal is expected to close during the second quarter, the Lanham,
Md.-based radio broadcasting company said.
Radio One also said it authorized the buyback of up to $150 million of its
Class A and Class D common shares through Dec. 31, 2009.
The company's stock was up 36 cents, or about 33%, at $1.45.
Katherine Hunt
kh/vj
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