Radio One Buys Community Connect

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Radio One Buys Community Connect

Postby snwmark » Fri Apr 11, 2008 4:38 pm

WASHINGTON POST -- Apr 11 -- Radio One, the Lanham-based owner of stations primarily serving black listeners, acquired Community Connect for $38m.  Community Connect operates social networks including BlackPlanet.com, MiGente.com and AsianAve.com.

 Mark Brooks: I\'m stunned that it went for such a low price. Last time I visited Community Connect they had 100+ people in their swank NY offices, had just partnered with Monster.com, and were working on a new dating platform on which they planned to launch many more niche dating sites. They launched their new platform, but I\'ve not seen the new spectrum of sites quite yet. BlackPlanet is the black segment leader,
see Compete graph



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