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.
Experts believe that the rate of the Russian ruble may collapse again just like it happened during the crisis in 2014. In turn, Russian companies may deal with the shortage of currency to pay their debts
Austria does not intend to expel Russian diplomats because of the spy scandal