Article: Cox Radio To Expand Richmond Cluster and Enter Greenville Market; Adds Three FM Radio Stations to Portfolio.

ATLANTA, Nov. 9 /PRNewswire/ --

Cox Radio, Inc. (NYSE: CXR) announced today that it has entered into a definitive agreement with Radio One, Inc. (Nasdaq: ROIA) to acquire WDYL-FM serving Richmond, Virginia and WJMZ-FM / WPEK-FM serving Greenville, South Carolina for a total of $52.5 million in cash. Pending customary regulatory approvals, Cox Radio anticipates closing this transaction during the first quarter of 2001.

Commenting on today's announcement, Robert F. Neil, President and Chief Executive Officer of Cox Radio, said, "This transaction reflects our strategy to opportunistically expand our station footprint in fast-growing markets, primarily in ...

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