In an announcement released late Tuesday (5/1), Urban One revealed that it has signed a definitive agreement to sell the assets of its 50kw Class B WPZR-FM 102.7 in Detroit to Educational Media Foundation for $12.7 million.
Could the media company focused on African American consumers consider selling other Gospel stations in its stable, in particular WPRS-FM 104.1 in Washington, D.C.? Would Educational Media Foundation make the perfect buyer, given its need for a full-market signal in the National Capital Area?
RBR+TVBR exclusively asked President/CEO Alfred Liggins III these questions, and got the answers.
