Radio One (ROIAK) Reports Q1 Loss of $0.08/Share
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Radio One, Inc. Reports First Quarter Results
May 5, 2016 6:45 AM EDTWASHINGTON, May 5, 2016 /PRNewswire/ -- Radio One, Inc. (NASDAQ: ROIAK and ROIA) today reported its results for the quarter ended March 31, 2016. Net revenue was approximately $109.1 million, an increase of 3.1% from the same period in 2015. Station operating income1 was approximately $39.6 million, an increase of 10.1% from the same period in 2015. The Company reported operating income of approximately $18.8 million compared to operating income of approximately $15.6 million for the same period in 2015. Net loss was approximately $3.9 million or $0.08 per share compared to net loss of $18.5 million or $0.39 per share, for the same period in 2015. ... More
