Radio One Gets BlackPlanet and Community Connect for Cheap $38 Mil

Community Connect has been reportedly sold for a low low price of $38 mil. I thought it was going to go for about $80-100 but I guess traffic across Blackplanet, MiGente, Glee, and AsianAve isn’t that much to shake a stick all. Radio One will leverage their radio penetration (do people still listen to the radio? I don’t) to get more users onto the sites.

If Radio One is reading this I have a great idea on how to fully leverage convergence between your radio brands and on your newly acquired social networks.