Radio One (ROIAK)

[chmcnfunds]

Radio One, Inc. Reports First Quarter Results

WASHINGTON, May 1, 2015 /PRNewswire/ --

Radio One, Inc. (NASDAQ: ROIAK and ROIA) today reported its results for the quarter ended March 31, 2015. Net revenue was approximately $105.8 million, a decrease of 4.8% from the same period in 2014. Adjusting for timing differences on major events, consolidated net revenue increased approximately $2.7 million and 2.7% for the quarter ended March 31, 2015, compared to the same period in 2014. Station operating income1 was approximately $36.6 million, an increase of 4.0% from the same period in 2014. The Company reported operating income of approximately $15.6 million compared to operating income of approximately $15.8 million for the same period in 2014. Net loss was approximately $18.5 million or $0.39 per share compared to net loss of $25.2 million or $0.53 per share, for the same period in 2014.

Read more: http://www.nasdaq.com/press-release/radio-one-inc-reports-first-quarter-results-20150501-00073#ixzz3YtQRrlQA
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