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Radio Moves and Media Quick Takes


Angela Yee is set to broadcast her last show on The Breakfast Club on Friday. Cardi B called in to the show on Thursday and suggested that she might like to sit in as guest host. It appears that the replacement plans for Yee are still up in the air. The Breakfast Club will move into new studios in January.


98.7 ESPN Radio New York shakes up their lineup with more local programming. The Michael Kay Show with Hot 97's Rosenberg of Ebro in the Morning remains in place. Bart & Hahn will leave the national ESPN Radio lineup. In January they will be heard exclusively on 98.7 FM discussing New York sports from 12-3pm. ESPN New York trails Sport Radio WFAN in ratings across the board as these programming changes were expected. >Read more...


Amy Robach and TJ Holmes of GMA3 hosted the show today as usual. The anchors on Good Morning America's 3rd Hour that airs in the afternoon on ABC are involved in an extramarital affair as reported by the London based tabloid The Daily Mail. ABC execs have been holding “emergency meetings” to address the mayhem since news broke of the affair. Disciplinary actions could be forthcoming...


CNN boss Chris Licht cut all live programming and has laid-off long time host Robin Meade at its sister network HLN, once known as Headline News. A number of reporters on CNN have lost their jobs as well.


Radio One's R&B station Magic 95.9 lands in second place in Baltimore's radio ratings with a 7.4 share of the audience 6+...


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December 22, 2009

Radio One Shareholders Approve Reverse Split

Radio One Inc., the largest African-American owned radio stations, said Tuesday that its shareholders have approved a reverse stock split.

At its annual stockholders meeting, Radio One said it received approval for a reverse split ranging from 1-for-2 to 1-for-50 to be done before the next annual shareholders meeting.

But the company's board said it has not yet decided whether to set a reverse split.

In a reverse split, a greater number of shares are exchanged for a smaller batch, with a goal of reducing the number of shares outstanding and increasing the stock price.

Radio One also said that Terry Jones, Brian McNeill, Catherine Hughes, Alfred Liggins III, D. Geoffrey Armstrong, Ronald Blaylock and B. Doyle Mitchell, Jr. were elected as directors.

Radio One's shareholders meeting was delayed for three months to accommodate changes recommended by the Securities and Exchange Commission on certain disclosures in its 2008 earnings report, the first quarter of 2009 and proxy statement.

The SEC wanted better clarity on executive compensation, impairments, liquidity, major customers, among others.

Radio One is based in Washington and owns 53 stations in 16 cities. Its shares were up 1 cent to $3.78 in afternoon trading.
Source: Associated Press

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