Radio One Detroit Closes Local Marketing Agreement to Operate WGPR FM 107.5
DETROIT, Oct. 21, 2011 /PRNewswire/ -- Radio One, Inc.'s Detroit market has entered into a Local Marketing Agreement (LMA) to assume operating responsibility for WGPR FM 107.5. Radio One Detroit will be moving its HOT Hip Hop and R&B station 102.7 to its new home on 107.5 effective Monday, October 24, 2011 at 12:01am.
The current line-up of The Rickey Smiley Morning Show 6am – 10am, Paigion in midday's 10am – 2pm, Big Greg afternoons 2pm – 7pm and Shorty da Prince evenings 7pm – 12 midnight will stay the same. The station will be on a full city grade non- directional FM signal, which will give HOT 107.5 one of the best FM signals in the Detroit metropolitan area.
Radio One Detroit will also bring a brand new station into the Detroit market on 102.7. A recent research project showed a substantial demand for inspirational music. Radio One already operates several very successful Praise stations around the country and has decided it is the right time to launch one in Detroit. Praise 102.7 will debut Monday, October 31, 2011. Inspirational super star Yolanda Adams will host morning drive from 6am – 10am. The Praise website will be www.praise1027.com.
"Adding WGPR to our existing portfolio of stations and introducing a brand new inspirational station means Radio One will become the dominant urban provider in the marketplace," stated Vice President and General Manager Kathy Stinehour. "We are looking forward to better serving the community and are thrilled Ms. Cathy Hughes and Alfred Liggins are choosing to make this type of major investment in Detroit."
WGPR's President and General Manager James Dogan commented, "While this was a very tough decision for us, it is the right thing to do for urban radio in our city. WGPR will perform better as part of the critical mass Radio One delivers."
Cautionary Information Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements represent management's current expectations and are based upon information available to the Company at the time of this press release. These forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond the Company's control, that may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially are described in the Company's reports on Forms 10-K, 10-Q/A and 10-Q and other filings with the SEC.
Radio One, Inc. (http://www.radio-one.com/) is a diversified media company that primarily targets African-American and urban consumers. The Company is one of the nation's largest radio broadcasting companies, currently owning 52 broadcast stations located in 15 urban markets in the United States. As a part of its core broadcasting business, Radio One operates syndicated programming including the Russ Parr Morning Show, the Yolanda Adams Morning Show, the Rickey Smiley Morning Show, CoCo Brother Live, CoCo Brother's "Spirit" program, Bishop T.D. Jakes' "Empowering Moments", the Reverend Al Sharpton Show, and the Warren Ballentine Show. The Company also owns a controlling interest in Reach Media, Inc. (http://www.blackamericaweb.com/), owner of the Tom Joyner Morning Show and other businesses associated with Tom Joyner. Beyond its core radio broadcasting business, Radio One owns Interactive One (http://www.interactiveone.com/), an online platform serving the African-American community through social content, news, information, and entertainment, which operates a number of branded sites, including News One, UrbanDaily, HelloBeautiful, Community Connect Inc. (http://www.communityconnect.com/), an online social networking company, which operates a number of branded websites, including BlackPlanet, MiGente, and Asian Avenue. In addition, the Company owns a controlling interest in TV One, LLC (http://www.tvoneonline.com/), a cable/satellite network programming primarily to African-Americans.
SOURCE Radio One, Inc.
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