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Article: Radio One CEO Prepares for Shareholders; Acquisitions, Executive Pay, Sagging Stock Price at Issue
- Article from:
- The Washington Post
- Article date:
- May 26, 2008
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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On a wall of his office, seven floors above a stretch of shopping
centers in Lanham, Radio One chief executive Alfred C. Liggins III
has a poster that reads: "Words . . . lead to destiny."
For the past several years, Liggins has been assuring Wall Street
that his company is on the brink of becoming the platform of choice
for African American consumers and the advertisers who want to reach
them on radio, online, through cable and magazines.
His words, like the sign on his wall, may have sounded largely
aspirational.
But lately, Liggins's Web ventures -- the key, he thinks, to
his media empire's success -- have been taking shape. That, along
with financial gains by his TV One cable ...