Radio One (ROIAK) Reports Q3 Loss of $0.38
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Radio One, Inc. Reports Third Quarter Results
November 5, 2015 6:45 AM ESTWASHINGTON, Nov. 5, 2015 /PRNewswire/ --Â Radio One, Inc. (NASDAQ: ROIAK and ROIA) today reported its results for the quarter ended September 30, 2015. Net revenue was approximately $115.9 million, an increase of 3.3% from the same period in 2014, reflecting greater advertising demand and an increase in affiliate revenue at our cable television segment. Â Station operating income1 was approximately $42.2 million, an increase of 9.2% from the same period in 2014. The Company reported operating income of approximately $7.1 million for the three months ended September 30, 2015, compared to operating income of $19.6 million for the same period in 2014. Net loss was approximately $18.1 million or $0.38 per share compared to... More
