Radio One, Inc. Announces Linda J. Vilardo Promoted to Chief Administrative Officer
LANHAM, Md.--(BUSINESS WIRE)--Nov. 4, 2004--Radio One, Inc.("Radio One") (NASDAQ:ROIAK and ROIA) announced today that Linda J. Vilardo has been promoted to Chief Administrative Officer of Radio One. She currently serves as General Counsel, a position she has held since January 1998. In her new position, Ms. Vilardo will assist the CEO with company-wide initiatives, including evaluation of acquisitions and strategic investments, supervision of the company's legislative and regulatory agenda and coordination of projects originating from the CEO's office.
"Linda has been instrumental in the growth of Radio One. On her watch we successfully completed over $2 billion dollars worth of acquisitions, accomplished multiple capital offerings and responded to the myriad of operational and regulatory issues that arise on a daily basis," said Radio One President and CEO Alfred C. Liggins, III. "Linda's experience, sage advice, and dedication will continue to serve the company well in her new position."
Before joining Radio One in 1998, Ms. Vilardo was in private practice where she represented companies before the Federal Communications Commission.
Ms. Vilardo is a graduate of Gettysburg College and Glasgow University. She also holds a JD degree from the George Washington University Law School.
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.