Urban One, Inc. has acquired Service Broadcast Corporation for an undisclosed amount. Service Broadcast Corporation is a privately owned radio broadcasting company with nearly 50 years of experience specializing in urban radio formats. Its portfolio includes established stations KKDA-FM and KRNB-FM, which have consistently served their respective markets with urban-focused programming for decades. The acquisition marks a significant expansion for Urban One, Inc. in the broadcast sector.
This strategic move integrates Service Broadcast Corporation's long-standing presence and dedicated audience into Urban One's extensive media operations. Urban One, Inc. is a leading diversified media company with a focus on the African-American community, encompassing radio broadcasting, television, and digital platforms. The addition of KKDA-FM and KRNB-FM directly aligns with Urban One's core mission to deliver relevant content and expand its reach within the urban demographic.
The acquisition is expected to generate synergies by combining Service Broadcast Corporation's deep market penetration and consistent format with Urban One's broader operational scale and resources. This integration aims to enhance programming, advertising opportunities, and overall listener engagement across the combined entity's radio assets. Service Broadcast Corporation's nearly five decades of maintaining its urban radio format underscores its strong brand loyalty and operational stability, which Urban One can now leverage.
Looking ahead, the combined entity is poised to strengthen its position as a dominant force in urban radio broadcasting. This acquisition reinforces Urban One's commitment to investing in and growing its audio footprint, ensuring continued delivery of high-quality, culturally relevant content to its listeners and expanded value for advertisers across an even broader network.