A Weak Start To 2017 For Newly Renamed Urban One


The nation’s premier broadcasting company serving African American consumers lowered its net loss in the first three months of 2017.

But, net revenue decreased 7.1% in Q1 forĀ Radio One, to $101.3 million, as its consolidated net loss lowered to $2.3 million (5 cents per diluted share), from $3.9 million (8 cents). Consolidated operating income was down to $16.5 million, from $18.8 million, while Broadcast and Digital operating income fell to $34.9 million, from $39.6 million.

And, in its core radio division, net income slowed to $7.5 million, from $12.1 million in Q1 2016.

There are two big reasons why the company suffered to start the new year.

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