M&A Deal Summary

Beasley Acquires Urban One - WDMK-FM and three translators

On June 10, 2019, Beasley acquired media company Urban One - WDMK-FM and three translators from Urban One for 14M USD

Acquisition Highlights
  • This is Beasley’s 2nd transaction in the Media sector.
  • This is Beasley’s 2nd largest (disclosed) transaction.
  • This is Beasley’s 2nd transaction in the United States.
  • This is Beasley’s 1st transaction in Michigan.

M&A Deal Summary
Date 2019-06-10
Target Urban One - WDMK-FM and three translators
Sector Media
Buyer(s) Beasley
Sellers(s) Urban One
Deal Type Divestiture
Deal Value 14M USD

Target

Urban One - WDMK-FM and three translators

Detroit, Michigan, United States
Urban One, Inc. - WDMK-FM and three translators offer information and entertainment based in Detroit, Michigan.

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Buyer(S) 1

Buyer

Beasley

Naples, Florida, United States

website

Category Company
Founded 1961
Sector Media
Employees738
Revenue 256M USD (2022)
DESCRIPTION

Beasley offers music, news, information and entertainment to over 7.7 million listeners weekly from 53 stations in twelve radio markets across the United States. In each of markets, company aim to provide the very best radio experience to both listeners and advertisers. Beasley was incorporated in 1961 and is based in Naples, Florida.

DEAL STATS #
Overall 2 of 3
Sector (Media) 2 of 2
Type (Divestiture) 1 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-19 Greater Media

Braintree, Massachusetts, United States

Greater Media is one of the premiere privately-held broadcast companies in America. From the ownership of a single radio station in Southbridge, Massachusetts, Greater Media built a diversified portfolio of successful communications companies.

Buy $240M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 Houston Outlaws

Houston, Texas, United States

Houston Outlaws is an American professional Overwatch esports team. Houston Outlaws was founded in 2017 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Urban One

Silver Spring, Maryland, United States

website

Category Company
Founded 1980
Sector Media
Employees753
Revenue 376M USD (2020)
DESCRIPTION

Urban One is a radio broadcasting company that operates urban-formatted radio stations in major markets in the United States. Urban One was founded in 1980 and is based in Silver Spring, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-11 Cox Media Group - Houston Radio Stations

Houston, Texas, United States

Cox Media Group's Houston Radio Stations includes 93Q Country KKBQ-FM, classic rock station The Eagle 106.9 & 107.5 KHPT-FM and KGLK-FM, and Country Legends 97.1 KTHT-FM.

Buy -
Mergr

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