Radio One Revenue Up In Fourth Quarter
February 20, 2013

Radio One has reported its fourth quarter fiscal results, with net revenue up eight percent to $105.9 million, taking into account the consolidation of TV One. Also giving effect to the consolidation of TV One, station operating income was approximately $35.7 million, an increase of 0.6 percent from Q4 2011.

Radio One also reported operating income of approximately $14.7 million compared to an operating loss of approximately $8.8 million for the fourth quarter of 2011. Net loss in Q4 was approximately $17.2 million or $0.34 per share compared to net loss of $21.5 million or $0.43 per share, a year ago.

Alfred C. Liggins, III, Radio One's CEO/President stated, "I was pleased with our Fourth Quarter radio division performance; core radio revenues were up by 11.0% and we outperformed the markets in which we operate by 820 Bps. Normalizing for political revenues, Q4 was +2.9%. Adjusted EBITDA for the Radio Division increased 33% over prior year. Forward pacings for radio remain encouraging, with Q1 currently pacing up mid-single digits ahead of prior year. Fourth Quarter  revenues from our Cable Television division increased 6.8% from the prior period, and we were able to absorb additional programming amortization expenses and severance costs, while still delivering approximately $40 million of Adjusted EBITDA for the full year. During the quarter, we reorganized our syndicated programming and syndicated programming sales effort under the experienced and capable management of David Kantor at Reach Media, and I look forward to seeing positive results from that initiative in 2013."




 
Breaking News
Emmis Announces Executive Promotions
iHeartRadio Joins Snapchat Discover
Pandora Listeners Receive More Uninterrupted Hours With Sponsored Listening
July 24, 2015
Radio Industry & SESAC Reach Settlement
CBS Radio Names David Yadgaroff As SVP/Market Manager For Philadelphia
In Brief - July 24, 2015
July 23, 2015
Frankie V. Heads Home To Boston
Major Changes at CBS RADIO
In Brief - July 23, 2015
July 22, 2015
VH1 President Tom Calderone Exits The Network
Jordan Lee Named PD At 88Nine Radio Milwaukee
July 21, 2015
Cumulus Promotes Hayden Green To OM For Fort Walton Beach/Destin
Rich Bengloff Stepping Down As A2IM President
In Brief - July 21, 2015
July 20, 2015
CBS Radio Names Scott Herman Chief Operating Officer
CBS Radio Restructures Senior Leadership Team
Leigh McNabb Named PD Of KZPT/Kansas City
Third Annual KBA WKU Radio Talent Insitute
In Brief - July 20, 2015
July 15, 2015
eQB NOW
The Week In Review: 7/13-7/17
Entercom Taps Tony Lorino As PD Of Star 94/Atlanta
Nielsen Music Canada Releases 2015 Mid-Year Report
iHeartMedia Names Kenny Day SVP/Political Sales & Strategy
Music News
Rapper Future Hits #1 With Surprise Album
Quick Hits: U2 & Lady Gaga, Disclosure & Sam Smith, Ed Sheeran, Mariah Carey, Bobbi Kristina Brown, Guns N' Roses, Sevendust, Joseph Jackson
Ed Sheeran TV Special To Air On NBC
Quick Hits: Five Finger Death Punch, Prince, Meg Myers, The Grateful Dead
Quick Hits: Lil Wayne & Charlie Puth, Vance Joy, Lana Del Rey
Quick Hits: Selena Gomez, James Blake / Kanye West, Incubus
Taylor Swift, Ed Sheeran Lead MTV VMA Noms
Quick Hits: Chvrches, Korn, HardDrive Live Tour, Wilco
Singer/Actor Tyrese Gets His First #1 Album
Quick Hits: Made In America Festival, Little Mix, Kanye West, Big Sean, Minus The Bear, Don Henley, AC/DC's Phil Rudd
Wilco Surprise The Galaxy With New Album Star Wars
The Week In Review: 7/13-7/17
Quick Hits: Calvin Harris, Ed Sheeran / Jamie Lawson, Lil Wayne
Justin Bieber Working with Jack On Next LP
Quick Hits: Katy Perry, Chvrches, David Gilmour, Gorillaz
FMQB NOW

Jonathan Shuford, PD
WRVW/Nashville

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!