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Radio One Loses Millions in Write-downs

Radio One posted $266.1 million in losses for the third quarter ending Sept. 30. This report included a write-down of assets worth $337.9 million, a loss attributed to a decline in radio ad revenue. “Those losses aren’t real losses,” says Alfred Liggins, president and CEO at Radio One. “They are just write-downs of value on our assets.”

Finding A Winning Strategy

For the members of the African Brothers and Sisters Investors (A.B.A.S.I.), “name your price” is a winning strategy for investing. Most investors don’t realize that they can name the amount...

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