Premiere Radio Networks to Represent Radio One, Inc.
LOS ANGELES, Dec 5, 2003 (BUSINESS WIRE) -- Premiere Radio Networks has agreed to a two-year network radio sales representation deal with Radio One, Inc. The new network, Premiere Urban One, will encompass Radio One stations, Clear Channel Urban stations, and Urban Contemporary formatted stations owned by other broadcasters. Premiere Urban One will be included for measurement in RADAR 80, which will be released in late March, 2004. Terms of the deal will not be disclosed.
President/CEO of Radio One Alfred Liggins stated, "This new network will be a powerful way to reach African-Americans throughout the United States which will greatly benefit advertisers looking to connect with this growing and ever more affluent group of consumers."
President/COO of Premiere Radio Networks Kraig Kitchin stated, "Premiere's goal is to offer national advertisers the most formidable way to reach African-Americans with real media impact. With Premiere Urban One, we offer one more reason for the smart marketer to use network radio to reach and impact this targeted audience."
ABOUT PREMIERE RADIO NETWORKS
Premiere Radio Networks, Inc., a subsidiary of Clear Channel Worldwide (NYSE:CCU), syndicates 70 radio programs and services to more than 7,800 radio affiliations and reaches over 180 million listeners weekly. Premiere is the number one radio network in the country that features the following personalities: Rush Limbaugh, Dr. Laura Schlessinger, Jim Rome, Rick Dees, Casey Kasem, Dr. Dean Edell, Bob (Kevoian) & Tom (Griswold), Phil Hendrie, Leeza Gibbons, George Noory, Blair Garner, Carson Daly, Glenn Beck, Art Bell, Kidd Kraddick, and others. Premiere is based in Sherman Oaks, Calif., with 12 offices nationwide.
ABOUT RADIO ONE
Radio One, Inc. (NASDAQ:ROIAK and ROIA) is the nation's seventh largest radio broadcasting company (based on 2002 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 67 radio stations located in 22 urban markets in the United States and reaches approximately 13 million listeners every week. Radio One also programs five channels on the XM Satellite Radio Inc. system and owns approximately 40% of TV One, LLC, an African-American targeted cable channel, which is a joint venture with Comcast Corporation. More information can be found on the Company's website at www.radio-one.com.
SOURCE: Radio One, Inc.
Radio One, Inc. Scott R. Royster, 301-429-2642
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