Someone has gone down this path before

Posted: August 5, 2008 in Headlines

Radio One loses $11.7M
Washington Business Journal – by Tierney Plumb

Radio One Inc.’s bottom line took another hit in the second quarter because of declining sales.

The Lanham-based broadcasting company, which focuses on African-American and urban listeners, reported a net loss of $11.7 million, or 12 cents per share, for the quarter, compared to a net loss of $5.1 million, or 5 cents per share, in the same period last year.

Revenue was $83.4 million, a 1 percent increase from the same period in 2007. (more…)

Many moons ago when BET was just starting out, Bob Johnson made the controversial move to include more hip hop videos on that channel. Why? Because according to him getting advertising dollars for anything else was extremely difficult. Radio One (35% owner of TV One) has also cited advertising revenue as one of the reasons why it has been under-performing on the stock market.

It’s going to be real interesting to see just how far Radio One is willing to go to stabilize its bottom line and whether or not they will be given the BET treatment by their targeted audience.

  1. Wizz says:

    Me and my wife were flipping through the channels last week and happened to stop on TVOne. There was a panel discussion about black relationships… They actually had an “ex” pimp on the panel… Can you believe that? Why in the hell would you invite a pimp to a panel discussion on black relationships? The things he was saying was so outrageous that we could not even watch it. It was embarrassing. Its getting to the point where I can not watch any black media period. Maybe its just me.. My ghetto pass has expired I guess… And at this rate I’m not all that interested in having it renewed.

  2. Richard Froggatt says:

    I hope this dosen’t mean the end for their Philly gospel station.

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