Radio One, Inc. 2004 Third Quarter Earnings and Conference Call Announcement
WASHINGTON--(BUSINESS WIRE)--Oct. 19, 2004--Radio One, Inc. (NASDAQ: ROIAK and ROIA) will be releasing its earnings announcement and holding a conference call for investors, analysts and other interested parties to discuss its results for the third quarter of fiscal year 2004. Consistent with previously issued guidance, the Company's fiscal 2004 third quarter net revenue increased approximately 4% over fiscal year 2003's third quarter net revenue.
The earnings release will occur following the stock market close on November 4, 2004 and the conference call is scheduled for the same day at 5:00 p.m. Eastern Time. Interested parties should call 1-773-756-4619 at least five minutes prior to the scheduled time of the call and give the passcode "Radio One." The conference call will be recorded and made available for replay from 7:00 p.m. the day of the call until 11:59 p.m. Eastern Time the following day. Interested parties may listen to the replay by calling 1-402-220-9727.
Access to live audio and replay of the conference call will also be available on Radio One's corporate website at www.radio-one.com. The replay will be made available on the website for seven business days after the call.
Radio One, Inc. (www.radio-one.com) is the nation's seventh largest radio broadcasting company (based on 2003 net broadcast revenue) and the largest company that primarily targets African-American and urban listeners. Pro forma for all announced acquisitions, Radio One owns and/or operates 69 radio stations located in 22 urban markets in the United States and reaches approximately 13 million listeners every week. Radio One also programs "XM 169 The POWER" on XM Satellite Radio and owns approximately 40% of TV One, LLC, an African-American targeted cable channel, which is a joint venture with Comcast Corporation.
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because these statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially, including the absence of a combined operating history with an acquired company or radio station and the potential inability to integrate acquired businesses, need for additional financing, high degree of leverage, seasonal nature of the business, granting of rights to acquire certain portions of the acquired company's or radio station's operations, market ratings, variable economic conditions and consumer tastes, as well as restrictions imposed by existing debt and future payment obligations. Important factors that could cause actual results to differ materially are described in Radio One's reports on Forms 10-K and 10-Q and other filings with the Securities and Exchange Commission.
For more information contact Scott R. Royster, Executive Vice President and Chief Financial Officer at 301-429-2642.
CONTACT: Radio One, Inc. Scott R. Royster, 301-429-2642 SOURCE: Radio One, Inc.