Stock Repurchase Okayed for Radio One


Radio_OneThe board of directors for Radio One has authorized a repurchase of shares of the company’s Class D common stock. The Repurchase Program authorizes the repurchase of shares with an aggregate value of up to $3.5MM.

The program is authorized for up to 24 months and purchases under the plan may be made from time to time in open market purchases, through privately negotiated transactions or otherwise.

Radio One Class D stock, traded under “ROIAK” on Nasdaq rose 4 cents to close at $1.72 at the final bell on Dec. 31.