Founded in 1980 and based in Lanham, Maryland, Radio One, Inc. (ROIAK) is the seventh largest radio broadcasting company in the U.S. It owns and/or operates 54 radio stations in 17 of the nation's largest markets. It is also the country s largest radio broadcasting company that primarily targets the African-American community. The company s radio stations serve different demographic segments and reach approximately 14 million listeners every week. Radio One also owns a 36% interest in TV One (an African-American cable TV channel), its joint venture with Comcast Corporation. The company also recently acquired a 51% ownership in Reach Media, owner of the Tom Joyner Morning Show. Additionally, the company programs "XM 169 The POWER", an African-American news/talk channel on XM Satellite Radio, and acquired certain assets of Giant Magazine. Besides strengthening its current areas of operation, Radio One focuses on expanding into markets with a significant African-American presence.