Not This Press Releases

Access.1 Acquires 51% of American Urban Radio Networks

We told you last week about the big announcement coming from AURN. It’s out.

><figcaption><em>CEO Chesley Maddox-Dorsey</em></figcaption></figure>
<p>AURN’s Organization and Leadership Announcement<br />
New York, NY: Access.1 Communication’s wholly owned subsidiary National Black Network Broadcasting (“NBN”), has completed the successful acquisition of <strong class='StrictlyAutoTagBold'>American Urban Radio Networks</strong> (AURN) in settlement of its breach of fiduciary duty lawsuit against its former partner Sheridan Broadcasting Networks, Inc. Sheridan turned over its majority partnership interest to NBN, in addition to making certain financial payments, to resolve the federal court litigation in Pittsburgh, Pennsylvania. As of May 1st, <strong class='StrictlyAutoTagBold'>NBN</strong> and Access.1 are the 100% owners of <strong class='StrictlyAutoTagBold'>AURN</strong>.<br />
AURN’s business operations will continue with its talented and dedicated workforce under the direction of CEO Chesley Maddox-Dorsey; President, Program Operations & Affiliations, Jerry Lopes; and President of Network Sales, Howard Eisen. “It’s been almost 25 years since Sid Small and Ron Davenport, Sr. had the vision of creating <strong class='StrictlyAutoTagBold'>AURN</strong>. The partnership by any measure has been a huge success,” said Chesley Maddox- Dorsey, CEO of Access.1 Communications and <strong class='StrictlyAutoTagBold'>American Urban Radio Networks</strong>. “Now that Sheridan has passed the baton to us we intend to build on those successes by expanding our capacities to serve our primary advertising and radio station constituencies. It was vitally important to us to put <strong class='StrictlyAutoTagBold'>AURN</strong> in a position of strength so that we can grow the business and continue our important mission,” said Maddox-Dorsey.<br />
About <strong class='StrictlyAutoTagBold'>American Urban Radio Networks</strong><br />
<strong class='StrictlyAutoTagBold'>American Urban Radio Networks</strong> (AURN) is the only African-American owned RADAR rated radio Network Company in the United States. It is the largest network reaching Urban America with nearly 20 million listeners each week. Through four programming networks and its marketing division, <strong class='StrictlyAutoTagBold'>American Urban Radio Networks</strong> reaches more African- Americans than any other medium in America and produces more programming than all other broadcasting companies combined. <strong class='StrictlyAutoTagBold'>American Urban Radio Networks</strong> broadcasts 200 weekly news, entertainment, sports, and information programs to more than 300 radio stations nationwide. It is the only African-American broadcaster with a <strong class='StrictlyAutoTagBold'>bureau</strong> in the White House. <strong class='StrictlyAutoTagBold'>AURN</strong> has offices and bureaus in New York, Pittsburgh, Atlanta, Chicago, Detroit, Los Angeles, and Washington, D.C.<br />
About Access.1 Communications<br />
Access.1 Communications owns 5 radio stations and <strong class='StrictlyAutoTagBold'>Superadio Networks</strong>. <strong class='StrictlyAutoTagBold'>Superadio Networks</strong> is a multi-format producer and distributor of marquee radio programs including shows in the Urban, Urban Adult, <strong class='StrictlyAutoTagBold'>Mainstream Top</strong> 40, Rhythmic, Talk, Country, Hot AC, Rock, Dance, Alternative, Gospel and Oldies formats.
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