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BUSINESS
February 9, 2001 | From Bloomberg News
Radio One Inc., the largest U.S. radio broadcaster serving black listeners, agreed to buy closely held rival Blue Chip Broadcasting Inc. for about $135 million in stock and cash to expand in urban markets. Radio One will pay $45 million in cash and $90 million in stock, Chief Financial Officer Scott Royster said. It also will pay $55 million to refinance Blue Chip's debt. The purchase includes 15 radio stations owned and/or operated by Cincinnati-based Blue Chip in Ohio, Minnesota and Kentucky.
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BUSINESS
February 9, 2001 | From Bloomberg News
Radio One Inc., the largest U.S. radio broadcaster serving black listeners, agreed to buy closely held rival Blue Chip Broadcasting Inc. for about $135 million in stock and cash to expand in urban markets. Radio One will pay $45 million in cash and $90 million in stock, Chief Financial Officer Scott Royster said. It also will pay $55 million to refinance Blue Chip's debt. The purchase includes 15 radio stations owned and/or operated by Cincinnati-based Blue Chip in Ohio, Minnesota and Kentucky.
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ENTERTAINMENT
June 17, 2000 | STEVE HOCHMAN, SPECIAL TO THE TIMES
There are going to be some changes to the Beat. And it's not just that R&B/hip-hop station KKBT-FM is moving up the dial from 92.3 to 100.3 in a swap of signals with Latino-targeted "jammin' oldies" outlet KCMG-FM that is expected to take effect around the end of June. The tone and focus of KKBT will likely have some dramatic changes under new owner, Maryland-based Radio One Inc., which is buying the Beat format and the 100.
ENTERTAINMENT
June 17, 2000 | STEVE HOCHMAN, SPECIAL TO THE TIMES
There are going to be some changes to the Beat. And it's not just that R&B/hip-hop station KKBT-FM is moving up the dial from 92.3 to 100.3 in a swap of signals with Latino-targeted "jammin' oldies" outlet KCMG-FM that is expected to take effect around the end of June. The tone and focus of KKBT will likely have some dramatic changes under new owner, Maryland-based Radio One Inc., which is buying the Beat format and the 100.
ENTERTAINMENT
November 23, 2004 | From Bloomberg News
Radio One Inc., the biggest U.S. radio broadcaster focusing on black and urban audiences, agreed to buy most of Reach Media Inc., the company that owns the "Tom Joyner Morning Show," for about $56 million. Joyner's radio show is broadcast on 115 U.S. stations to about 8 million listeners. Radio One, which already airs the show on 15 of its 69 stations, will syndicate Joyner in an undisclosed number of new markets. The program hasn't had a Los Angeles outlet for several years.
BUSINESS
March 20, 2006 | From the Associated Press
Clear Channel Radio is joining three other radio station companies to test a rival approach to Arbitron Inc.'s electronic measurement system as the industry moves away from traditional paper logs to assess audience size. The issue has gained new urgency after Arbitron on Thursday launched its own electronic system, dubbed Portable People Meter, and said it would stop using the paper diary method of tracking listeners in Houston beginning in July.
BUSINESS
March 13, 2002 | Chuck Philips
Radio One Inc., the largest broadcast chain serving African American audiences, has ordered its program directors to stop talking to record labels. On Saturday, Radio One executives informed employees of the new policy during a meeting at the chain's Lanham, Md., headquarters attended by most of its top programmers, industry sources said. Programmers were told to refer all calls from record companies in the future to its corporate office.
CALIFORNIA | LOCAL
March 13, 2001
Radio station KKBT-FM (100.3) will continue to carry rapper Snoop Dogg's syndicated radio program despite calls from an activist to drop it. Najee Ali, executive director of Project Islamic Hope, has asked the station to cancel the show because Snoop Dogg has released an X-rated video. Cathy Hughes, founder of Radio One Inc., which owns KKBT, has been a critic of the sexist and misogynistic content of some rap music.
BUSINESS
February 22, 2002
* RadioShack Corp. said fourth-quarter profit fell 76% as sales of personal computers and satellite television systems declined. Net income fell to $35.2 million, or 18 cents a share, and sales declined 4.3% to $1.52 billion from $1.58 billion. * Cox Radio Inc., the third-biggest U.S. radio company, said fourth-quarter profit more than doubled to $13.6 million, or 14 cents a share. Sales fell 1.1% to $101.7 million.
BUSINESS
March 26, 2003 | From Reuters
Comcast Corp. said Tuesday that it had named Johnathan Rodgers as president and chief executive of a new cable television network targeting black viewers. Comcast, based in Lanham, Md., said the network would be launched this year in conjunction with Radio One Inc., a broadcaster aimed at black and urban listeners. Rodgers was president of Discovery Networks, U.S., for six years, during which he was responsible for programming, marketing, research, distribution and operations.
BUSINESS
March 14, 2000 | From Bloomberg News
Radio One Inc., the largest U.S. broadcaster serving black audiences, agreed to pay $1.3 billion for 12 stations owned by Clear Channel Communications Inc., which is becoming the No. 1 radio company. The company will buy stations in Los Angeles, Houston, Miami and four other cities from Clear Channel and AMFM Inc., which Clear Channel is buying for $23 billion. Clear Channel is selling $4 billion in stations to win government approval of the takeover.
BUSINESS
May 21, 2005 | Steve Carney, Special to The Times
After nearly five years of comedy and community activism, Steve Harvey ended his tenure as a morning radio host Friday, signing off his formerly top-rated program on KKBT-FM (100.3), better known as "The Beat." KKBT general manager Sue Freund said Harvey wanted to give up the grueling schedule of morning radio and spend more time with his family.
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