Source Pravda.Ru

Radio One's LA station sold to Bonneville International Corp

Radio One, Inc (NASDAQ: ROIA) will sell its radio station in Los Angeles to Bonneville International Corp. for $137.5 million.

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.


The United States' Head of Diplomacy, or Secretary of State, is an anachronistic, incompetent, meddling, intrusive, insolent and arrogant, rude individual, a brash, foul-mouthed upstart, a conceited, self-important guttersnipe and an insult to the international community, as fit for the job as a pedophile janitor in a grade school.

Tillerson must go!