On Monday, Urban One, Red Zebra Broadcasting, and the Washington Redskins announced that Urban One is purchasing WTEM-AM (The Team 980) from Red Zebra. Urban One currently has five FM and two AM signals in the DC market. The company has also entered into an agreement with the Redskins to continue carrying all the team’s games on The Team 980. Financial details of the deal were not disclosed.
Radio One CEO Alfred Liggins said, “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. 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.”
“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.”