Radio One, Inc. Announces John W. Jones Named General Counsel
LANHAM, Md.--(BUSINESS WIRE)--Nov. 4, 2004--Radio One, Inc. ("Radio One") (NASDAQ:ROIAK and ROIA) announced today that John W. Jones has been named Vice President and General Counsel of Radio One, Inc. effective December 2004. Mr. Jones is returning to Radio One where he served as Associate General Counsel for two years before leaving in September 2003 to take a position with TV One, LLC. He currently serves as General Counsel of TV One. At Radio One, Mr. Jones was primarily responsible for drafting SEC reports and filings and ensuring compliance with the Sarbanes-Oxley Act, Regulation FD, Nasdaq Rules and general corporate governance matters.
"John was a committed member of the Radio One team and we are fortunate to be able to bring him back to assist us in this ever changing regulatory environment. Over the past year at TV One he has proven his ability to create, develop and lead a legal team," said Radio One President and CEO Alfred C. Liggins, III. "John's judgment, experience and passion will make him a welcome addition to our executive team."
Before joining Radio One in 2001, Mr. Jones was an associate with the law firm of Cooley Godward in Reston, Virginia, where he was involved in multiple transactions, including financing for public and private companies, mergers and acquisitions and venture capital financings. Early in his career, he served as an attorney in the Securities and Exchange Commission's Division of Corporation Finance.
A graduate of the U.S. Naval Academy, Mr. Jones served as an officer in the U.S. Marine Corps, where he attained the rank of Captain. He holds a JD degree from the University of Maryland and an MBA degree from Webster University.
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.
CONTACT: Radio One, Inc. Linda J. Vilardo, 301-429-2646 SOURCE: Radio One, Inc.