Urban One has reached an agreement to acquire Service Broadcasting Group, including Dallas stations KKDA and KRNB, while also agreeing to sell KZMJ to Fuzion Dallas. Both transactions remain subject to approval by the FCC and customary closing conditions. The company said the acquisition aligns with its strategy to grow in high-demand markets and enhance its ability to serve both listeners and advertisers.
President and CEO Alfred C. Liggins III said the transaction supports the company's consolidation efforts and will broaden its scale in key regions. He added that incorporating the stations into Urban One's portfolio is expected to improve service to audiences and advertising partners.
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