Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nasdaq  >  Radio One, Inc.    ROIA

Delayed Quote. Delayed  - 08/28 12:18:55 pm
2.9001 USD   +7.41%
08/06 RADIO ONE : reports 2Q loss
07/14 RADIO ONE : Second Quarter 2015 Results Conference Call
05/01 RADIO ONE : reports 1Q loss
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Radio One-cl.a : Radio One, Inc. Announces the Sale of Its Augusta, Georgia Radio Stations

08/21/2007 | 05:34pm US/Eastern

Radio One, Inc. (NASDAQ:ROIAK and ROIA) today announced that it has entered into an Asset Purchase Agreement to sell its radio stations in Augusta, Georgia to Perry Broadcasting Company, Inc. The transaction price is approximately $3.1 million which represents a purchase price multiple of approximately 17x based on station operating income for the last twelve months' period ended June 30, 2007. The transaction is expected to close during the fourth quarter of 2007.

Radio One, Inc. (www.radio-one.com) is the nation's seventh largest radio broadcasting company (based on 2006 net broadcast revenue) and the largest radio broadcasting company that primarily targets African-American and urban listeners. Pro forma for this and other recently announced transactions, Radio One owns and/or operates 55 radio stations located in 18 urban markets in the United States. Additionally, Radio One owns Magazine One, Inc. (d/b/a Giant Magazine) (www.giantmag.com), interests in TV One, LLC (www.tvoneonline.com), a cable/satellite network programming primarily to African-Americans and Reach Media, Inc. (www.blackamericaweb.com), owner of the Tom Joyner Morning Show and other businesses associated with Tom Joyner. Radio One also operates the only nationwide African-American news/talk network on free radio and programs "XM 169 The POWER," an African-American news/talk channel, on XM Satellite Radio.

Radio One, Inc.
Scott R. Royster, EVP and CFO
301-429-2642


© Business Wire 2007
React to this article
Latest news on RADIO ONE, INC.
08/10 RADIO ONE : Results of Operations and Financial Condition, Regulation FD Disclos..
08/06 RADIO ONE : reports 2Q loss
07/27 RADIO ONE : Other Events, Financial Statements and Exhibits (form 8-K)
07/14 RADIO ONE : Second Quarter 2015 Results Conference Call
06/05 RADIO ONE : Submission of Matters to a Vote of Security Holders (form 8-K)
05/07 RADIO ONE : Results of Operations and Financial Condition, Financial Statements ..
05/01 RADIO ONE : reports 1Q loss
04/23 RADIO ONE : Entry into a Material Definitive Agreement, Termination of a Materia..
04/17 RADIO ONE : Announces a Revised Date and Dial-In Information for Its First Quart..
04/08 RADIO ONE : First Quarter 2015 Results Conference Call
Advertisement
Chart
Duration : Period :
Radio One, Inc. Technical Analysis Chart | ROIA | US75040P1084 | 4-Traders