The Hindu Business Line  Jan 5  Comment 
You can now hear business news on your smartphones via audio streaming, thanks to 94.3 Radio One India, the FM radio brand owned by Next Radio Ltd, (a subsidiary of Next Mediaworks). The company h...
SeekingAlpha  Jan 26  Comment 
SeekingAlpha  Nov 3  Comment 
The Hindu Business Line  Jun 5  Comment 
Invests in new talent, content acquisition and digital engagement initiatives
SeekingAlpha  May 5  Comment 

You may also be interested in articles related to Radio One (ROIA):

Radio One, Inc. (Radio One) is a radio broadcasting company that primarily targets African-American and urban listeners. As of December 31, 2008, the Company owned 53 broadcast stations located in 16 urban markets in the United States

Spinoff off business

Radio One announced that it had agreed to sell its only radio station in Los Angeles, KRBV-FM, to Bonneville for $137.5M. We estimate that the station lost $5M of cash flow in 2007, and we were budgeting the station to be break even in 2008. We believe the tax basis for KRBV-FM was $250M, and estimate that net proceeds from the sale will be approximately $135M. We expect proceeds will be utilized to 1) purchase Bonneville's WPRS-FM in D.C. for $35M (ROIAK had an option to buy the station); 2) delever the balance sheet; 3) repurchase shares; and 4) invest in the internet. The transaction is expected to close in 2Q 2008.

The sale creates considerable breathing room between the company's bank covenants and its leverage ratio.


Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki