Radio One, Inc. Promotes Deborah A. Cowan to Senior Vice President of Finance
WASHINGTON--(BUSINESS WIRE)--Feb. 28, 2005--Radio One, Inc. ("Radio One" or the "Company") (NASDAQ:ROIAK and ROIA) announced today that it has promoted its Vice President of Finance, Deborah A. Cowan, to Senior Vice President of Finance effective March 1, 2005. In this new and expanded role, Ms. Cowan will be responsible for the day-to-day operations of the Company's finance and accounting departments. Commenting on this promotion, Scott R. Royster, Radio One's Executive Vice president and Chief Financial Officer stated, "Debbie has done an absolutely terrific job of developing disciplined systems and procedures that every public company needs in this new world of Sarbanes-Oxley compliance. She also possesses very strong leadership skills and is a highly respected member of the Radio One executive team. I look forward to continuing to work with her in this expanded capacity." Ms. Cowan, who joined Radio One in 2001, will continue to report to Mr. Royster while our current Vice Presidents of Finance, will now report to Ms. Cowan. Ms. Cowan, a CPA, is a graduate of Howard University, where she received her BBA in accounting and Columbia Business School, where she received her MBA in finance and international business.
Radio One, Inc. (www.radio-one.com) is the nation's seventh largest radio broadcasting company (based on 2004 net broadcast revenue) and the largest company that primarily targets African-American and urban listeners. Radio One owns and/or operates 69 radio stations located in 22 urban markets in the United States and reaches more than 13 million listeners every week. Radio One also owns approximately 36% of TV One, LLC, an African-American targeted cable network, which is a joint venture with Comcast Corporation and DIRECTV. Additionally, Radio One programs "XM 169 The POWER" on XM Satellite Radio and recently announced a definitive agreement to acquire 51% of Reach Media, Inc., owner of the Tom Joyner Morning Show and other interests associated with Tom Joyner, a leading urban media personality. That acquisition is expected to close in the first quarter of 2005.
CONTACT: Radio One, Inc. Scott R. Royster, 301-429-2642 SOURCE: Radio One, Inc.