With Urban One‘s sale of the intellectual property associated with a Class C3 FM licensed to Bethalto, Ill., to Entercom Communications, immediate questions arose as to what the media company and casino resort owner superserving African American consumers would do with the station.
Late Friday, the answer became clear thanks to a broker release ahead of a Form 314 filing with the FCC that still hasn’t been done.
But, with Urban One’s release of its Q3 earnings on Nov. 12, the amount Urban One is earning from the sale of the facility that today is St. Louis-market WFUN-FM 95.5 is now publicly known.
