Radio One Tries to Turn Up Its Dial

Summary


Radio One Inc., the nation's seventh largest radio broadcaster, celebrated its silver anniversary last week as its stock continued to tumble in the face of new competition for the industry.

The Lanham company's stock has sputtered in the past year. Investors have lost confidence in Radio One's ability to remain competitive as advertisers shift their radio dollars to the Internet, satellite radio gains influence and the company struggles in the Washington and Los Angeles markets.

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Extract


Radio One Tries to Turn Up Its Dial

Radio One's stock fell 3 cents yesterday to close at $5.76 on the Nasdaq Global Market. It was trading at about $25 in ...

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