Radio One, Inc. Promotes Tamara Knechtel to Vice President of Operations
Will Assist the Chief Operating Officer in Overseeing All Operations of the Company Will Continue as General Manager of the Company's Detroit StationsRadio One, Inc. (Nasdaq: ROIAK; ROIA) announced on May 7, 2002, that it has promoted Tamara Knechtel to Vice President of Operations. In this newly created position, Ms. Knechtel will report to the Company's Chief Operating Officer, Mary Catherine Sneed and assist her in overseeing all operations of the Company. In addition, she will continue as General Manager for the Company's Detroit stations WDTJ-FM, WCHB-AM and WDMK-FM. Ms. Knechtel will continue to be based in the Detroit market.
Ms. Knechtel joined Radio One, Inc. in August 1998 as General Manager of the Company's Detroit stations. Prior to joining Radio One, Ms. Knechtel served as General Sales Manager of CBS's WYCD-FM for two years. From 1994 to 1996, she worked at Infinity/CBS in Detroit as their Director of Sales. Ms. Knechtel's interest in radio was ignited after obtaining a college internship with Interep Radio Store.
Commenting on the hiring, Mary Catherine Sneed, the Company's Chief Operating Officer stated, "Tamara is the senior General Manager at Radio One. We love to promote from within whenever possible. I am thrilled to be able to announce Tamara as our new Vice President of Operations. Over the years I have relied on her for many projects, so this promotion is a natural."
"Radio One is my home and my family. I am honored that I have been given this position to continue to help the company achieve its goals and continue to personify the message of its founder, Cathy Hughes," said Ms. Knechtel. "It is a privilege to work with Mary Catherine Sneed, and I am looking forward to the challenges and great opportunities ahead for Radio One."
Radio One is the nation's seventh largest radio broadcasting company (based on 2000 pro forma revenue) and the largest primarily targeting African- American and urban listeners. Pro forma for all announced acquisitions and operating agreements, the Company owns and/or operates 65 radio stations located in 22 of the largest markets in the United States and programs five channels on the XM Satellite Radio System.
This press release may include 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, granting of rights to acquire certain portions of the acquired company's or radio station's operations, 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 the Company's reports on Forms 10-K and 10- Q and other filings with the Securities and Exchange Commission.
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