Radio One has found a buyer for one of its two planned divestitures in Houston.
Spanish Broadcasting System will pay $7.5 million to acquire Gospel “Praise 92.1” KROI Seabrook/Houston. The deal, which was hinted at in the FCC filing of Radio One’s $27.5 million purchase of Cox’s Houston cluster, will mark SBS’ entry into Houston radio although the company did previously own a television station in the market.
Radio One still needs to find a buyer for Cox’s Classic Country “Country Legends 97.1” KTHT Cleveland.