(Target Market News) — Radio One has announced that it has initiated financial transactions that will enable the company to increase it ownership stake in the TV One cable network. Currently Radio One control approximately 37% of outstanding shares. The purchase will give it about 56% of the controlling interest. In addition to Radio One, TV One’s investors include cable TV operator, Comcast Corporation; The DirecTV Group; Constellation Ventures; Syndicated Communications; and Opportunity Capital Partners.
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