WASHINGTON----Radio One, Inc. today reported its results for the quarter ended September 30, 2008. Net revenue was approximately $86.2 million, a decrease of 2% from the same period in 2007.
On October 20, 2008, Radio One, Inc. (the ?Company) (NASDAQ: ROIAK and ROIA) received notification (the ?Notification?) from the NASDAQ Stock Market (?NASDAQ?) that for the 30 consecutive business
Radio One, Inc. (NASDAQ:ROIAK and ROIA) will be holding a conference call for investors, analysts and other interested parties to discuss its results for the third fiscal quarter of 2008. The
Radio One, Inc. along with the Respect my Vote Campaign is planning to register more than 50,000 eligible persons in one day during the ?One Vote? National Registration Drive. Radio One, Inc. is
Radio One, Inc. (NASDAQ:ROIAK and ROIA) announced that effective immediately Tim Davies will assume the role of Vice President/ Market Manager for WJZZ-FM, WHTA-FM, WPZE-FM and WAMJ-FM in Atlanta.
The S&P 500 is set to add another exchange to its blue chip index. After the close of trading on Tuesday, the NASDAQ OMX Group Inc. (NDAQ) will replace department store chain Dillard's Inc. (DDS), which has occupied the blue chip benchmark's last spot.
The shift follows the addition of Comstock Resources Inc. (CRK), an oil and natural gas producer, to the S&P MidCap 400 index. It replaced Entercom Communications Corp. (ETM), a radio broadcaster that was listed as the benchmark's 400th largest company based on market-cap size when the move was made last week.
Off-Air (non-spot) revenue has surpassed last year’s midyear forecast by the Radio Advertising Bureau [RAB], and is expected to approach $2B by the end of 2008 - nearly a full year ahead of the projected timeline, the RAB reported.
At 9% of radio’s total revenue, off-air is composed primarily of online activity, followed closely by experiential marketing partnerships. Off-air revenues in the first half of 2008 were up 12% from the year-earlier period - the only sector other than network (up 3%) to record gains:
On Monday, March 24, 2008, Radio One, Inc. (ROIA) announced it would sell its Los Angeles radio station to Bonneville International Corp. in a transaction that both analysts and the market seemed to widely applaud - sending the stock as high as $1.95 intraday from its previous Friday close of $1.10.
This transaction not only solidifies Radio One for the future, it also sends a signal that strategic deals in the radio business may be back in play.
Much has been made of radio's troubles of late, with most radio stocks now sitting at 5 year lows. Station operating costs are rising dramatically and yet revenues are projected to be relatively flat again in 2008, even with the surge quadrennial political advertising usually brings.
Many companies have cut research, marketing and other key investments in their product beyond a point they feel comfortable with just to limit the damage to the bottom line. Many corporations over leveraged themselves in order to consolidate in the earlier part of this decade, and now they are unable to...
The constant theme you hear in the earnings conference calls of most radio companies these days is solely how the company performed versus its peer group. CEOs brag about how well they did against the other guy, and they further qualify their results by eliminating faster growing niche broadcasters like Hispanic stations from the comparisons.
However, peer performance should be but one measurement of a company out of many benchmarks. How these companies compare against other media sectors or the corporate landscape at large is rarely discussed. It has become as if, as far...
Investor Trip submits For a stock that's been beaten down since its IPO, Radio One (ROIA) showed signs of life this quarter when the company announced market leading 3rd quarter subscriber growth for their co-owned TV One network.
It's the one bright signal coming from Radio One, after experiencing a very tough year in broadcast radio. If TV One CEO Jonathan Rodgers has plans for TV One, I hope they involve 100% ownership. TV One is a joint venture with Comcast Corp (CMCSA) and DIRECTV (DTV), who all own 1/3 of the TV's network...
By Gaeil Farrar - Williams Lake Tribune Jo-Ann Roberts, the host of CBC Radio One?s All Points West show will be the special guest for the reading of Charles Dicken?s A Christmas Carol on Dec. 7 ...
Dec 04, 2008 (Zacks Investment Research via COMTEX) -- ROIAK | Quote | Chart | News | PowerRating -- We maintain our Sell rating on Radio One, Inc. (ROIAK). In our view, the company's high ...
CHICAGO--(BUSINESS WIRE)--Zacks Equity Research highlights MEMC Electronic Materials, Inc. (NYSE: WFR) as the Bull of the Day and MGIC Investment Corporation (NYSE: MTG) as the Bear of the Day. In ...
Leader of the opposition Law and Justice party Jaroslaw Kaczynski told Polish Radio One this morning that the possible parliamentary coalition between ruling Civic Platform (PO), Polish Peasants ...
Joining Britney Spears on the whole career revival vibe, Lily Allen was spotted leaving BBC Radio One studios earlier today following an interview. The ?Smile? songstress was sporting a new ...
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With a view to finding a solution to the bad traffic situation in Bangalore, Radio One and CommuteEasy in partnership with Bangalore Traffic Police have launched a public service initiative called ...
For the first time in radio ratings history, CBC Radio One (99.1 FM) ranks as the top station in the Toronto radio market, according to the all-important fall 2008 audience survey, published ...
OTTAWA, ONTARIO, Nov 27, 2008 (MARKET WIRE via COMTEX) -- ROIAK | Quote | Chart | News | PowerRating -- Their Excellencies the Right Honourable MichaA-A?1/2lle Jean, Governor General of Canada ...
Things got a little loose at Radio One in Atlanta's "Dirty Awards" Monday night, when TI., Young Jeezy, Shawty Lo,and La the Darkman/DJ Drama's crews all clashed. From what we hear, Shawty Lo ...
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trading in Thursday's session are Palm Inc., Motorola Inc., and Jabil Circuit Inc.
SAN FRANCISCO (MarketWatch) -- Radio One Inc. late Wednesday reported a preliminary fourth-quarter net loss of $22.9 million, or 23 cents a share. During the same period a year ago, the company posted net earnings of $9.53 million, or 10 cents a share. Net broadcast revenue fell to $86.2 million from $90.6 million. Radio One said the results, which are preliminary pending a previously planned restatement, reflected "another soft quarter for the radio industry." The company also said its problems were isolated to the single market of Los Angeles. Radio One said it has received a letter of informal...
Radio One Inc. used incorrect measurement dates for certain stock options it granted from 1999 to 2005, according to a preliminary review by the company. The Washington, D.C., broadcasting company expects to restate results to include additional stock compensation expense, and said the adjustments are expected to be material for 1999 through 2003. The company added, however, that it doesn't currently expect the restatement will affect previously reported revenues, cash flows or stockholders' equity, nor does it believe any adjustments to stock-based compensation expense for 2006 will be required.
LOS ANGELES (MarketWatch) -- Shares of Imax Corp., XM Satellite Radio Holdings and Sirius Satellite Radio were some of the few media shares to make strides in midday trading Monday amid a largely flat sector.
CHICAGO (MarketWatch) -- Entercom Communications Corp., the fourth-largest U.S. radio broadcaster, said Monday it has agreed to acquire 15 stations from CBS Corp. and one from Radio One Inc. for a total of $292 million in cash.
SAN FRANCISCO (MarketWatch) -- Radio One Inc. shares were down 7.3% at $6.46 in mid-day trading Monday after the company reported its second-quarter financial results. The Washington-based media company reported net income of $8.1 million, or 8 cents a share, down from $19.8 million, or 19 cents a share, in the year-ago period. Revenue fell 4% to $97.8 million from $101.5 million. Analysts polled by Thomson First Call had forecast earnings of 12 cents a share on revenue of $99.7 million. "Last quarter, we said that the second quarter could be the bottom for the radio industry and for...
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This transaction not only solidifies Radio One for the future, it also sends a signal that strategic deals in the radio business may be back in play.
