Radio One Acquires Giant Magazine
January 3, 2007 at 12:50 PM (PT)
RADIO ONE has agreed to purchase GIANT MAGAZINE LLC for $270,000. Current editor-in-chief SMOKEY FONTAINE will remain, but will now have an ownership position in the company.
GIANT MAGAINE will remain in NEW YORK, but some functions may be consolidated and moved to RADIO ONE’s headquarters in LANHAM, MD, just outside of WASHINGTON, DC. This move represents the first such venture outside radio for RADIO ONE. Pres./CEO ALFRED LIGGINS was optimistic about the move, adding, “This is a good strategic deal for us. I am excited to have yet another relevant platform to help us build what we believe can become a significant online business.”