|
|
Article: Radio One Loss Grew With Drop In Ad Sales; Spending Shifts to Web, Firm Says
- Article from:
- The Washington Post
- Article date:
- August 6, 2008
- Author:
-
|
Copyright informationThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
|
Urban media company Radio One yesterday reported a second-
quarter loss of $11.7 million as it contends with an industry-wide
decline in radio advertising revenue and expands its Internet
efforts.
The company said average ad prices were down 5 percent as budget-
conscious companies have tightened up and shifted spending to the
Web.
"Listening to radio is stronger than it has ever been," said
Perry Steiner of Arlington Capital Partners, which bought five
stations from Lanham-based Radio One last year. "But we're in a
difficult economy, and one of the first things companies will cut is
their advertising budget. . . . More and more dollars are going to
the Internet."
Radio One officials said ...
Related newspaper, magazine, and journal articles:
|
|
Article: Nasdaq Warns Radio One That It May Be Delisted
The Washington Post;
March 22, 2007 ;
541 words
......million. Alfred C. Liggins III, president and chief executive of Radio One, attributed...delivering programming. Liggins said the company's radio stations in Charlotte...call yesterday, Liggins said he intended...time focusing on radio opportunities on...
|
|