Red Zebra Sells Washington’s WTEM To Urban One (Parent Company of Radio One)

Story by Inside Radio

Urban One is buying sports “The Team 980” WTEM Washington, DC from Red Zebra Broadcasting, whose primary investor is Washington Redskins majority owner Dan Snyder. Urban One has inked a deal with the Redskins to keep all of the NFL franchise’s games, as well as pregame and postgame programming, on WTEM. Terms of the deal have not been disclosed.

WTEM will join Urban One’s cluster in its home market of Washington, alongside urban “93.9 Kiss FM” WKYS, the urban AC simulcast of “Majic 102” WMMJ and WDCJ (92.7), talk WOL (1450), gospel “Praise 104.1” WPRS and gospel “Spirit 1340” WYCB.

The two companies say the deal is the first step “in a collaborative effort between the Redskins and Urban One to keep The Team 980 as the fans’ premier source for radio coverage of the Washington Redskins.”

In a news release, Urban One CEO Alfred Liggins called the acquisition “a tremendous opportunity” for his company, one that will keep WTEM locally owned. “We have deep roots in the greater Washington, DC area and are well aware that The Team 980 has always been a fan favorite, “Liggins said. “Red Zebra has a track record of producing great programming that engages our hometown sports fans. We look forward to working with the Washington Redskins organization to continue this tradition.”

In addition to The Team 980, the Redskins game day broadcasts will air on Cumulus Media’s news/talk simulcast of WMAL-FM (105.9) and WMAL (630) as part of the Redskins Radio Network.

Red Zebra began exiting the radio business last year. It sold four stations in a series of transactions, including a DC area FM and a Richmond sports talk AM to Urban One.

“We believe the future of The Team 980 is in great hands with Urban One,” Red Zebra chairman Terry Bateman said. “We view this as an opportunity for Urban One and the Redskins to build a close partnership to continue to provide the Redskins’ fans with unparalleled access and content, keeping The Team 980 as the fans’ destination for the best Redskins coverage.”

Greg Guy of Patrick Communications served as broker in the deal. Red Zebra acquired the 50,000-watts day, 5,000 watts night station from Clear Channel in July 2008.
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NEWS RELEASE

For Immediate Release

Media Inquiries: Tony Wyllie
703-726-7135
wylliet@redskins.com

URBAN ONE TO ACQUIRE THE TEAM 980

ROCKVILLE, Md. (May 21, 2018) – 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.

The acquisition is the first step in a collaborative effort between the Redskins and Urban One to keep The Team
980 as the fans’ premier source for radio coverage of the Washington Redskins.

“We believe the future of The Team 980 is in great hands with Urban One,” said Terry Bateman, Chairman of
Red Zebra Broadcasting. We view this as an opportunity for Urban One and the Redskins to build a close
partnership to continue to provide the Redskins’ fans with unparalleled access and content, keeping The Team
980 as the fans’ destination for the best Redskins coverage.”

In addition to The Team 980, the Redskins game day broadcasts – including pregame, in-game and postgame
programming – will air on WMAL 105.9 FM and 630 AM as a valued part of the Redskins Radio Network.

“This is a tremendous opportunity for Urban One and we are especially pleased that through our acquisition,
The Team 980 will continue to be locally owned. The acquisition of The Team 980 is very much in line with our
strategy of super-serving our community of listeners. We have deep roots in the greater Washington, DC area
and are well aware that The Team 980 has always been a fan favorite.” said Alfred C. Liggins, President and CEO
of Urban One. “Red Zebra has a track record of producing great programming that engages our hometown sports
fans. We look forward to working with the Washington Redskins organization to continue this tradition.”
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About Urban One, Inc.

Urban One, Inc. (www.urban1.com), formerly known as Radio One, Inc., together with its subsidiaries, is the
largest diversified media company that primarily targets Black Americans and urban consumers in the United
States. The Company owns TV One, LLC (tvone.tv), a television network serving more than 59 million households,
offering a broad range of original programming, classic series and movies designed to entertain, inform and
inspire a diverse audience of adult Black viewers. As one of the nation's largest radio broadcasting
companies, Urban One currently owns and/or operates 56 broadcast stations in 15 urban markets in the United
States. Through its controlling interest in Reach Media, Inc. (blackamericaweb.com), the Company also operates
syndicated programming including the Tom Joyner Morning Show, Russ Parr Morning Show, Rickey Smiley
Morning Show, Get up Morning! with Erica Campbell, DL Hughley Show, Willie Moore Jr Show, Nightly Spirit
with Darlene McCoy, Reverend Al Sharpton Show. In addition to its radio and television broadcast assets, Urban
One owns Interactive One, LLC (ionedigital.com), the largest digital resource for urban enthusiasts and Blacks,
reaching millions each month through its Cassius and BHM Digital platforms. Additionally, One Solution, the
Company's branded content agency and studio combines the dynamics of Urban One's holdings to provide
brands with an integrated and effectively engaging marketing approach that reaches 82% of Black Americans
throughout the country.

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