May 1, 2018 / 9:36 PM / 5 months ago

BRIEF-Urban One Announces Definitive Agreement To Sell The Assets Of WPZR-FM In Detroit

May 1 (Reuters) - Urban One Inc:

* URBAN ONE, INC. ANNOUNCES DEFINITIVE AGREEMENT TO SELL THE ASSETS OF WPZR-FM IN DETROIT

* DEAL FOR TOTAL CONSIDERATION OF $12.7 MILLION

* TO GET 3 FM TRANSLATORS THAT SERVICE DETROIT METROPOLITAN AREA; SIGNALS WILL BE COMBINED WITH EXISTING FM TRANSLATOR TO MULTICAST DETROIT PRAISE NETWORK Source text for Eikon: Further company coverage:

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