Radio One, Inc is a radio broadcasting company that primarily targets African-American and urban listeners. As of December 31, 2008, the Company owned 53 broadcast stations.
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Radio One, Inc (NASDAQ:ROIAK) was among the top volume gainers on NASDAQ. The stock moved up 51.3% and closed at $0.56 on a traded volume of 540k shares. Today (August 06, 2009), Radio One, Inc reported its results for the quarter ended June 30, 2009. Net revenue was approximately $70.1 million, a decrease of 16% from the same period in 2008. Station operating income was approximately $29.6 million, a decrease of 16% from the same period in 2008.
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