TV One into positive EBITDA


As only a part owner of TV One, Radio One doesn’t provide much detail about the cable channel in its financial reports. However, in response to an analyst’s question, Radio One CEO Alfred Liggins did confirm Wednesday that TV One is producing positive earnings before interest, taxes, depreciation and amortization (EBITDA).

“Our investment in TV One continues to perform well, and we were proud to surpass the 50 million homes mark as measured by Nielson in February 2010. We expect TV One to continue its robust cash flow growth over the next few years,” Radio One said in its financial news release.

Radio One reported $326,000 of “equity in income” from TV One in Q4. That was up 34.2% from $267,000 a year earlier.