Radio One Inc.

5900 Princess Garden Pkwy.

Year founded: 1980

Industry: Media

Post 200 Category: Top 125 Companies

Revenue: $319.76 Million

Net Income/Loss: $61.60 Million

Earnings per share: $0.39

Dividend: n/a

Stockholder equity: $1.33 Billion

Auditor: Ernst & Young LLP

Stock: ROIA

Assets: $2.11 Billion

Market capitalization: $1.47 Billion

52-week high: 20.3 4/27/2004

52-week low: 13.02 11/22/2004

President and CEO: Alfred C. Liggins III

EVP and CFO: Scott R. Royster

Employees: 1750

Local employees: 205

Description: Radio One owns or operates 69 radio stations nationwide and is the largest U.S. radio company targeting black listeners. The company was founded in the District 25 years ago when former talk-show host Catherine L. Hughes bought a small station in a Federal Communications Commission fire sale. Alfred C. Liggins III, her son, is chief executive. They control most of the stock. The company went public in 1999 and is the nation's largest African American-controlled media company.

Developments: Radio One continued to diversify into new media this year. In November, the company agreed to buy Reach Media Inc., owned by popular morning show host Tom Joyner, whose show has 8 million black listeners weekly. Radio One also began investing in Web sites associated with the company's radio stations and continued to build Silver Spring-based TV One LLC, which is owned by Radio One, cable company Comcast Corp. and satellite operater DirectTV Group. The television network, which has been operating one year, has grown to 18 million viewers, but is still a relatively small player among cable channels. Liggins has said that his plan to build Radio One into a well-rounded media company targeted at black listeners will protect it from swings in the radio industry, which still produces 90 percent of the company's revenue. The radio industry is facing competitive threats from satellite and Internet radio. Radio One's previously voracious appetite for radio stations has remained tame. In the late 1990s, the company quickly doubled its portfolio. In the past year, though, it made only three buys. The new stations are in Atlanta, Houston and Charlotte.

Executive Compensation
President and CEO: Alfred C. Liggins III
Total Cash: $1,145,000.00
Total Compensation: $15,106,461.00