Radio One Loses $11.7 Million
Second Quarter Loss Greater than Same Time Period A Year Ago
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Radio One Inc.'s bottom line took another hit in the second quarter because of declining sales. Bizjournal.com reports the company 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% increase from the same period in 2007.
Alfred Liggins, Chairman of Radio One
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