ROIA Profile
Radio One, Inc (ROIA) is a publicly traded media company that operates primarily in the African American market. The company is based in Silver Spring, Maryland, and was founded in 1980 by Cathy Hughes.
As of market close on March 4th, 2023, the current market capitalization of ROIA was approximately $98.29 million.
Radio One's primary business is its radio broadcasting segment, which owns and operates 53 broadcast stations in 15 urban markets in the United States. The company also has a digital media segment that operates a suite of digital platforms and brands, including the websites of its radio stations and interactive digital products.
Radio One has faced some challenges in recent years due to declining advertising revenue and competition from digital media. However, the company has worked to diversify its revenue streams through acquisitions and investments in new technologies.
In 2021, Radio One announced a merger with Urban One, Inc., a multimedia company that targets the African American and urban markets. The merger is expected to create a more diversified media company with a larger audience reach and increased revenue potential.
Overall, Radio One has a long history of serving the African American community and continues to be a significant player in the media industry. However, the company faces ongoing challenges as it adapts to changes in the media landscape.
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