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Radio One Reports Loss, May Sell Non-Black Sites

Wednesday, August 6, 2008

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Source Washington Post Maybe Radio One’s spending habits are starting to catch up with them, as they reported an $11.7 million second-quarter loss. The company stated losses were due to a weaker radio advertising market, and their expanded Internet efforts. Average radio ad prices were down 5 percent as budget-conscious companies have tightened up and shifted [...]

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