August 6, 2008

Radio One Loses $11.7 Million

Second Quarter Loss Greater than Same Time Period A Year Ago


This is a basic radio you can make on your own, a great summer project for the kids

Radio One Inc.'s bottom line took another hit in the second quarter because of declining sales. Bizjournal.com reports the company reported a net loss of $11.7 million, or 12 cents per share, for the quarter, compared to a net loss of $5.1 million, or 5 cents per share, in the same period last year. Revenue was $83.4 million, a 1% increase from the same period in 2007.

Alfred Liggins, Chairman of Radio One
DON'T worry the company is fine. Just start buying GIANT magazine, watch TV One and use your BlackPlanet profile.

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