Radio One to increase ownership of TV One
Lanham-based Radio One Inc. plans to increase its 37 percent ownership of TV One LLC with the purchase of an additional 19 percent of the outstanding equity in the company, which is based in Silver Spring, for about $82 million.
Radio One, the ailing FM radio business of Mid-Day Multimedia where BBC Worldwide has a 20 per cent stake, plans to raise Rs 500 million.