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(a Delaware corporation referred to as &#8220;Radio One&#8221;) and its subsidiaries (collectively, the &#8220;Company&#8221;) is an urban-oriented, multi-media company that primarily targets African-American and urban consumers. Our core business is our radio broadcasting franchise that is the largest radio broadcasting operation that primarily targets African-American and urban listeners. We currently own and/or operate 55&#160;broadcast stations located in 16 urban markets in the United States.&#160;&#160;While our primary source of revenue is the sale of local and national advertising for broadcast on our radio stations, our operating strategy is to operate the premier multi-media entertainment and information content provider targeting African-American and urban consumers. Thus, we have diversified our revenue streams by making acquisitions and investments in other complementary media properties. Our other media interests include our approximately 51.0% (see Note&#160;3&#160;&#8212; <i>Acquisitions</i>) controlling ownership interest in TV One, LLC (&#8220;TV One&#8221;), an African-American targeted cable television network that we invested in with an affiliate of Comcast Corporation and other investors; our 53.5% ownership interest in Reach Media, Inc. (&#8220;Reach Media&#8221;), which operates the Tom Joyner Morning Show; our ownership of Interactive One, LLC (&#8220;Interactive One&#8221;), an online platform serving the African-American community through social content, news, information, and entertainment, which operates a number of branded sites, including News One, UrbanDaily and HelloBeautiful; and our ownership of Community Connect, LLC (formerly Community Connect Inc.) 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