Another chapter is in the book of the ongoing liquidation project in progress at Radio One. It’s recently spun out of Dayton OH, Louisville KY and Minneapolis-St. Paul MN. Now we can add Augusta GA to the list. The group’s one-AM, four-FM cluster is headed for Perry Broadcasting Company Inc. for 3.1M. The cluster follows the group’s Urban formula with the exception of AltRock WAEG-FM. The other stations include Urban AC WAKB-FM, Mainstream Urban WFXA-FM, and Gospel duo WTHB AM & FM. The company pegs the pricetag at 17x operating income for the year ending 6/30/07.
