M&A Deal Summary

Urban One Acquires Cox Media Group - Houston Radio Stations

On April 11, 2023, Urban One acquired media company Cox Media Group - Houston Radio Stations from Cox Media Group

Acquisition Highlights
  • This is Urban One’s 1st transaction in the Media sector.
  • This is Urban One’s 1st transaction in the United States.
  • This is Urban One’s 1st transaction in Texas.

M&A Deal Summary

Date 2023-04-11
Target Cox Media Group - Houston Radio Stations
Sector Media
Buyer(s) Urban One
Sellers(s) Cox Media Group
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Urban One

Silver Spring, Maryland, United States

Category Company
Founded 1980
Sector Media
Employees962
Revenue 450M USD (2024)
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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 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.

Sell $14M

Seller(S) 1

SELLER

Cox Media Group

Atlanta, Georgia, United States

Category Company
Sector Media
Revenue 1.8B USD (2013)
DESCRIPTION

Cox Media Group is an integrated broadcasting, publishing, direct marketing and digital media company that includes the national advertising rep firms of CoxReps. CMG provides valuable local content to viewers in the communities in which it serves. Cox Media Group's portfolio includes primary affiliates of ABC, CBS, FOX, NBC, and MyNetworkTV, as well as several valuable independent stations. Additionally, the company also offers a full suite of local and regional advertising services with Local Solutions. Cox Media Group is based in Atlanta, Georgia.


DEAL STATS #
Overall 5 of 5
Sector: Media M&A 3 of 3
Type: Divestiture M&A Deals 5 of 5
State: Texas M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 CoxReps

New York, New York, United States

CoxReps is a national television representation company, delivering local, smart media solutions on a national scale on behalf of the most respected broadcast groups. CoxReps is based in New York, New York.

Sell -