The nation's largest Black-owned media company has purchased the company of the country's top Black radio show host in a cash and stock deal worth $56 million.
The sale of 51.6 percent of Tom Joyner's Dallas-based Reach Media, Inc., was finalized Sunday and is seen by both companies as a fruitful collaboration that would better serve their separate urban markets.
"We can grow their platform in syndication and develop ideas and talent they already have and we feel that they can help us reach a bigger African American audience," said Radio One's CEO Alfred Liggins during a conference call Monday announcing the acquisition to analysts. "This is primarily why we did …
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