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Last $3.93 USD
Change Today 0.00 / 0.00%
Volume 0.0
ROIA On Other Exchanges
Symbol
Exchange
NASDAQ CM
NASDAQ CM
As of 8:10 PM 04/29/15 All times are local (Market data is delayed by at least 15 minutes).

radio one inc-cl a (ROIA) Key Developments

Radio One Inc. Reports Unaudited Consolidated Earnings Results for the Three Months Ended March 31, 2015

Radio One Inc. reported unaudited consolidated earnings results for the three months ended March 31, 2015. For the three months, the company reported net revenue of USD 105.763 million compared to USD 111.072 million a year ago. Operating income was USD 15.593 million compared to USD 15.831 million a year ago. Interest income was USD 0.007 million compared to USD 0.053 million a year ago. Net loss was USD 12.023 million compared to USD 20.302 million a year ago. Net loss attributable to the common stockholders was USD 18.489 million compared to USD 25.183 million a year ago. Basic and diluted earnings per share were USD 0.39 compared to USD 0.53 a year ago. Adjusted EBITDA was USD 26.630 million compared to USD 26.205 million a year ago. EBITDA was USD 18.367 million compared to USD 14.475 million a year ago. For the first quarter, capital expenditures were approximately USD 2.9 million compared to USD 1.7 million in the first quarter of 2014. And this increase is mainly due to the relocation of its Dallas market office, so it's a lumpy quarter.

Radio One, Inc. Announces Closing of Private Offering of $350 Million of Senior Secured Notes

Radio One Inc. announced that it has closed its previously announced private offering of $350.0 million aggregate principal amount of 7.375% senior secured notes due 2022. The Notes were offered at an original issue price of 100.0% plus accrued interest from April 17, 2015 and will mature on April 15, 2022. Interest on the Notes accrues at the rate of 7.375% per annum and is payable semiannually in arrears on April 15 and October 15, commencing on October 15, 2015. The Notes are guaranteed, jointly and severally, on a senior secured basis by the Company's existing and future domestic subsidiaries, including TV One, LLC (TV One), that guarantee any of its new $350 million senior secured credit facility entered into concurrently with the closing of the Notes (the New Credit Facility), other syndicated bank indebtedness or capital markets securities. The New Credit Facility matures on December 31, 2018. The Company used the net proceeds from the private offering, along with term loan borrowings under the New Credit Facility, to refinance its existing senior secured credit facility, refinance $119.0 million in outstanding indebtedness of TV One and TV One Capital Corp., finance the previously announced purchase of the membership interests of an affiliate of Comcast Corporation ("Comcast") in TV One and pay the related accrued interest, premiums, fees and expenses associated therewith. As a result of the Company's acquisition of Comcast's membership interests in TV One, the Company now owns a 99.6% interest in TV One.

Radio One Inc., Q1 2015 Earnings Call, May 01, 2015

Radio One Inc., Q1 2015 Earnings Call, May 01, 2015

Radio One Inc. Prices $350 Million Debt Offering

Radio One Inc. announced that it priced a private offering of $350 million in 7.375% senior secured notes due 2022. The price to investors will be 100.0% of the principal amount of the notes. The issuance of the notes is expected to occur on or about April 17, subject to customary closing conditions. The company intends to use the net proceeds from the offering, along with term loan borrowings under a new $350 million senior secured credit facility, to refinance its existing senior secured credit facility and the outstanding debt of its subsidiaries TV One and TV One Capital Corp.

Radio One Announces Private Offering of $350 Million of Senior Secured Notes Due 2022

Radio One Inc. announced that it intends to offer, subject to market and other customary conditions, $350 million in aggregate principal amount of senior secured notes due 2022 in a private offering that is exempt from registration under the Securities Act of 1933, as amended. The Notes will be guaranteed, jointly and severally, on a senior secured basis by the Company's existing and future domestic subsidiaries, including TV One, LLC, and any other subsidiaries that guarantee any of its new $350 million senior secured credit facility to be entered into concurrently with the closing of the Notes, other syndicated bank indebtedness or capital markets securities. The Notes and the related guarantees will be senior secured obligations of the Company and the guarantors. The company intends to use the net proceeds from the offering, along with term loan borrowings under the new senior secured credit facility, to refinance its existing senior secured credit facility, refinance outstanding indebtedness of its subsidiaries TV One and TV One Capital Corp., finance the previously announced purchase of the membership interest of an affiliate of Comcast Corporation in TV One and pay the related accrued interest, premiums, fees and expenses associated therewith.

 

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Price/Sales 0.4x
Price/Book 9.6x
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