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Radio One posts loss of $13 million in 2nd quarter

Associated Press

Radio One Inc. (ROIAK) on Thursday reported a loss of $13 million in its second quarter.

The Silver Spring, Maryland-based company said it had a loss of 27 cents per share.

The broadcast media company that serves African-American and urban listeners posted revenue of $119.8 million in the period.

The company's shares closed at $2.69. A year ago, they were trading at $3.41.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROIAK at http://www.zacks.com/ap/ROIAK

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Keywords: Radio One, Earnings Report