Radio One, Inc., one of the nation’s largest radio broadcasting companies that targets African American listeners, is struggling.
Owner Cathy Hughes is trying to keep the doors open.
“We are closing every other Friday,” Hughes told XM 169’s Joe Madison during a radio interview. “We’ve all taken three, five, seven or 10 percent pay cuts depending on what category your annual compensation was. We’ve voluntarily turned in vacation time, we furloughed and now we’re closing corporate – we’re closing Lanham – every other Friday to stay afloat.”
Radio One, Inc. owns several other companies including Giant Magazine, TV One, a cable/satellite network and Reach Media Inc., owner of the Tom Joyner Morning Show.
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