Emmy-nominated and award-winning media veteran, serial entrepreneur, investor, and college professor, Dr. Rashad Richey today announced the purchase of two radio stations in the Alabama market, 107.7 FM WHLS and 1130 AM WALQ. Under the purchase agreement, Breaking Ground USA, LLC, a company wholly owned by Dr. Richey, will have an equal partnership with the Augustus Foundation, Inc. to own and operate both stations.
“As a multimedia personality with over 20 years of leadership experience across multiple platforms, I’m honored to make this announcement,” said Dr. Richey. “Local, free live radio remains a mainstay in the lives of virtually every American, and communities crave connection, content and creativity. I look forward to maintaining the investment and commitment to excellence and community service that has built and sustained these stations and am grateful to be able to expand their reach.
When on the air, 107.7 FM WHSL broadcasts an urban contemporary music format for adults. Richey plans to move the FM station closer to the Mississippi/Alabama border to improve market capabilities. 1130 AM WALQ is licensed to serve the community of Carrville, Alabama. The station’s broadcast license is held by the Augustus Foundation, Inc. and was established in 1979. Richey will use his expertise to improve community-focused programming so that listeners are informed, empowered and encouraged.
The Augustus Foundation released a statement that read in part: “…Dr. Rashad Richey is not just an academic and media personality, he is a shrewd leader with depth, heart and courage. We are beyond thrilled with this partnership and look forward to future successes. »
Dr. Richey is also president of Rolling Out, the nation’s largest free black-owned urban print publication. The publication has a monthly readership of 2.8 million people and has more than 600,000 social media followers.
Richey’s media reach includes The Rashad Richey Morning Show (voted top radio host by readers of The Atlanta Journal-Constitution, Atlanta Magazine and Atlanta Business Journal), a highly successful podcast and is the daily anchor of the live televised opinion news show, “Indisputable with Dr. Rashad Richey” on the TYT network which was recently rated “America’s fastest growing television news show” by HEG, LLC, a data analytics company.