5/12 – Radio One Posts Decent Qtr, Buoyed by TV One Unit

Radio One, based in Lanham, MD, today reported its results for the quarter ended March 31, 2011.  Net revenue was approximately $65.0 million, an increase of 10.2% from the same period in 2010. Station operating income remained flat at approximately $17.8 million, for both periods ended March 31, 2011 and 2010. TV One, an African-American targeted cable television network, continues to perform strongly. TV One had Q1 net revenues of $30.8 million (+19.7% vs. Q1 2010) and EBITDA of $7.6 million (+83.7% vs. Q1 2010).

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