Radio One (ROIAK) Reports Q2 Loss of $0.27/Share
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Radio One, Inc. Reports Second Quarter Results
August 6, 2015 6:45 AM EDT
WASHINGTON, Aug. 6, 2015 /PRNewswire/ -- Radio One, Inc. (NASDAQ: ROIAK and ROIA) today reported its results for the quarter ended June 30, 2015. Net revenue was approximately $119.8 million, an increase of 10.5% from the same period in 2014, reflecting greater advertising demand and an increase in affiliate revenue at our cable television segment. Also contributing to the increase was a timing difference of Reach Media's annual cruise event and a major promotional event that occurred in one of our radio markets. Station operating income1 was approximately $46.9 million, an increase of 14.3% from the same period in... More
