Radio One Sells to Perry in Augusta - Radio World

Radio One Sells to Perry in Augusta

Radio One agreed to sell its radio stations in Augusta, Ga., to Perry Broadcasting.
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Radio One agreed to sell its radio stations in Augusta, Ga., to Perry Broadcasting.

The price is $3.1 million; Radio One said this represents a purchase price multiple of approximately 17x based on station operating income.

The transaction is expected to close during the fourth quarter of 2007.

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