Radio One, Inc. Reports First Quarter Results
(MarketWatch.com) — Radio One, Inc. today reported its results for the quarter ended March 31, 2010. Net revenue was approximately $59.0 million, a decrease of 2.1% from the same period in 2009. Station operating income(1) was approximately $17.8 million, an increase of 5.0% from the same period in 2009. The Company reported operating income of approximately $3.8 million compared to an operating loss of approximately $42.8 million for the same period in 2009. Net loss was approximately $4.6 million or $0.09 per share, an improvement from the net loss of approximately $59.4 million or $0.84 per share for the same period in 2009.