Urban One Shares Soar, Recent Acquisition Agreement, Analysts Target
NEW YORK, NY / ACCESSWIRE / May 31, 2018 / Urban One, Inc. (NASDAQ: UONE), who together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. Traders News Source is initiating coverage of UONE, this full report is available at the following link with a simple email registration at https://tradersnewssource.com/urban-one/.
On May 30, 2018 UONE shares opened at $1.95 and soared to an intra-day high of $4.20 per share. Traded volume was 819 thousand shares versus a daily average of 13 thousand shares. In early trading on Thursday, May 31, 2018, UONE shares were up 20% on the day.
Get the details about UONE’s operations and the analysts target price here READ MORE.
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Urban One, Red Zebra Broadcasting and the Washington Redskins announced today that Urban One has signed a definitive agreement to acquire the assets of the radio station The Team 980 (WTEM 980 AM) from Red Zebra Broadcasting, pending FCC approval. In addition, Urban One has also entered into an agreement with the Washington Redskins to ensure that all Redskins games, as well as pregame and postgame programming, will remain on The Team 980.
Read all about the recent acquisition plans and the recent financial results: READ MORE.
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