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Radio One, Inc. (NASDAQ: ROIAK) A Global Talent Hunt
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Radio One, Inc. (NASDAQ: ROIAK) A Global Talent Hunt
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Home Page > Finance > Day Trading > Radio One, Inc. (NASDAQ: ROIAK) A Global Talent Hunt
Radio One, Inc. (NASDAQ: ROIAK) A Global Talent Hunt
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Posted: Sep 17, 2010 |Comments: 0
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Radio One, Inc., one of the nation’s largest radio broadcasting companies primarily targeting African-American and urban listeners, has an astute strategy to expand within the existing markets and enter new markets that could be a boon for shareholders. Pro forma for recently announced transactions, Radio One owns and or operates 53 radio stations located in 16 urban markets in the United States.
Additionally, Radio One owns Magazine One, Inc., through subsidiary Giant Magazine, owns interests in TV One, LLC, a cable and satellite network programming targeted to African-Americans listeners, and Reach Media, Inc., owner of the Tom Joyner Morning Show and other businesses associated with Tom Joyner.
Radio One has surprised many with the news of fresh talent hunt, thousands of miles away – in India, in fact, a sign of the first successes in a globalizing business strategy that has been adopted to reach new horizons. The one of a kind annual event from the house of 94.3, Radio One is on the hunt for the finest talent amongst students who aspire to be disc jockeys on the station.
The lucky few who manage to surpass the grueling semi-finalist phases get a chance to intern at the radio station, exposing them to every aspect of the working of a radio station. 94.3 Radio One already has a sound brand value among the FM customers with a BBC tag attached to it.
This seemingly brilliant talent hunt will stamp the brand name Radio One deeper among the younger population, attracting huge chunks of advertisements.
Radio One, having recently celebrated its 30th birthday in style, believes that it has made significant progress in reaching an agreement with the members of the ad hoc group of holders of a significant portion of its existing notes relating to certain amendments to the terms of the exchange offer and the related exchange notes, including the conditions to the exchange offer, and with its lenders under its existing senior secured credit facility relating to an amendment thereto.
A confident looking Radio One may be able to reach new highs soon with the sound business strategy and vision they possess.
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WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies.
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For a combined three-quarters of a century, David Obey and Christopher Dodd walked the halls of Congress; they are both retiring this year on a high.
BusinessWeek.com — Finance
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