Radio One Revenue Up In Fourth Quarter
February 20, 2013

Radio One has reported its fourth quarter fiscal results, with net revenue up eight percent to $105.9 million, taking into account the consolidation of TV One. Also giving effect to the consolidation of TV One, station operating income was approximately $35.7 million, an increase of 0.6 percent from Q4 2011.

Radio One also reported operating income of approximately $14.7 million compared to an operating loss of approximately $8.8 million for the fourth quarter of 2011. Net loss in Q4 was approximately $17.2 million or $0.34 per share compared to net loss of $21.5 million or $0.43 per share, a year ago.

Alfred C. Liggins, III, Radio One's CEO/President stated, "I was pleased with our Fourth Quarter radio division performance; core radio revenues were up by 11.0% and we outperformed the markets in which we operate by 820 Bps. Normalizing for political revenues, Q4 was +2.9%. Adjusted EBITDA for the Radio Division increased 33% over prior year. Forward pacings for radio remain encouraging, with Q1 currently pacing up mid-single digits ahead of prior year. Fourth Quarter  revenues from our Cable Television division increased 6.8% from the prior period, and we were able to absorb additional programming amortization expenses and severance costs, while still delivering approximately $40 million of Adjusted EBITDA for the full year. During the quarter, we reorganized our syndicated programming and syndicated programming sales effort under the experienced and capable management of David Kantor at Reach Media, and I look forward to seeing positive results from that initiative in 2013."




 
Breaking News
eQB NOW
The Week In Review: 1/26-1/30
Emmis-St. Louis Launches NOW96.3
Red Bull Records Partners With Sony Music For Worldwide Distribution
In Brief - January 30, 2015
January 29, 2015
Jim Lawson Expands Duties With iHeartMedia
Republic Records Promotes Brett Alperowitz To SVP/A&R, Casablanca Records
Univision Extends Contract Of President, CEO Randy Falco
In Brief - January 29, 2015
January 28, 2015
XAPPmedia, jâcapps Announce Partnership
Westwood One Ups Paul O’Malley To SVP Strategic Sales Partnerships
Entercom Rochester Promotes Emily Wild to Music Director/PM Drive At WPXY
SoundExchange Wraps Record-Setting Year With $773 Million In Payments To Recording Artists, Record Labels
WRWM-FM Introduces New Classic Hip Hop In Indianapolis
Sunday Night Slow Jams Heads to San Antonio, Cyprus and 12 New Affiliates
In Brief - January 28, 2015
January 27, 2015
Triton Digital, eXelate Develop First Streaming Audio Data Management Platform
SiriusXM Announces Sports And Entertainment Programming For Super Bowl Week
XL106.7/Orlando's Johnny Magic Gets His Revenge
In Brief - Jaunary 27, 2015
January 26, 2015
Joe Clair Returns To WPGC For Mornings
CBS Sports Radio To Broadcast Nearly 50 Hours Of Super Bowl Coverage
In Brief - January 26, 2015
January 23, 2015
eQB NOW
The Week In Review: 1/19-1/23
Music News
Katy Perry Has Big Plans For Super Bowl Halftime Show
The Week In Review: 1/26/-1/30
Quick Hits: Suge Knight, Jimmy Kimmel Live, Shakira, Passion Pit
More Artists Added to Grammy Week Celebrations
Quick Hits: Lil Wayne, Kanye West, Adam Lambert, Loudwire Music Festival, Ringo Starr, Brian Wilson
Fall Out Boy Earns Third Chart-Topper
Quick Hits: Lady Gaga & Tony Bennett, Blink-182, Juno Awards / MAGIC!, Airbourne
Barker, Hoppus Talk Status Of Blink-182
Quick Hits: Sam Smith / Tom Petty, Chris Brown, John Legend & Common, Forecastle Festival
Slipknot Prepares For Summer's Last Stand
ThinkSay Records Signs Recording Artist Matt White
Quick Hits: Blink-182, Faith No More, Death Cab For Cutie, U2, Jason Mraz, AWOLNATION
Paramore Announce Spring Theater "Events"
The Week In Review: 1/19/-1/23
Quick Hits: Kanye West, The Black Keys, Rush, Nick Jonas
FMQB NOW

Jacent Jackson, PD
KITS/San Francisco

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!