September 8, 2017

Al Bell Exits Radio One Detroit


Veteran OM/PD Nate Bell has exited Radio One Detroit. He programmed Urban (WGPR) HOT 107.5, Urban AC (WDMK) 105.9 KISS, and Gospel/Inspirational format (WPZR) Praise 102.7.

Bell's exit coincides with the departure of Vice President and General Manager Gary Spurgeon in the Houston market.

As we reported on August 2nd, the numbers for Urban One, Inc. are down in many markets during the 2nd quarter this year.The company's stock price has been down as well over the last few months.

[Net revenue decreased to approximately $117.6 million for the quarter ended June 30, 2017, from approximately $122.7 million for the same period in 2016, a decrease of 4.1%. Net revenues from our radio broadcasting segment decreased 5.0% compared to the same period in 2016. We experienced net revenue declines most significantly in our Cincinnati, Dallas, Houston, Philadelphia, and Washington DC markets.]

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