The deal was forced by high losses last quarter, constituting about $386 million.
The owner of 69 radio stations in 22 American cities is going to use this money to reduce its leverage, expand its Internet operations and buy back stock.
KRBV-FM, an R&B station known as V-100 to its listeners, is the latest among radio stations Radio One has sold.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America