Radio One, Inc. Promotes John W. Mathews to Vice President of Engineering
Radio One, Inc. ("Radio One") (NASDAQ:ROIAK and ROIA) announced today that John W. Mathews has been promoted to Vice President of Engineering. He most recently served as Director of Engineering, a position he had held since February 2000. In his new position, Mr. Mathews will, among other things, help develop Radio One's strategy for the use of current and new technologies. He will also devote substantial time to improving and expanding the reach of Radio One's existing broadcast station portfolio.
According to Radio One's President and CEO Alfred C. Liggins, "John has been a great asset to Radio One with his ability to manage technologies, evaluate acquisition opportunities and improve our stations' facilities, thus increasing their value. His years of experience and his tenacity for problem solving have worked together to provide our company with a number of station upgrades and technology improvements. John's dedication to this industry and Radio One is apparent."
This promotion paves the way for John Soller, who had been serving as Radio One's current Assistant Director of Engineering, to receive a well-deserved promotion to the position of Director of Engineering, working closely with Mr. Mathews.
Radio One, Inc. (www.radio-one.com) is the nation's seventh largest radio broadcasting company (based on 2004 net broadcast revenue) and the largest radio broadcasting company that primarily targets African-American and urban listeners. Radio One owns and/or operates 69 radio stations located in 22 urban markets in the United States and reaches more than 13 million listeners every week. Radio One also owns approximately 36% of TV One, LLC (www.tvoneonline.com), a cable/satellite network programming primarily to African-Americans, which is a joint venture with Comcast Corporation and DIRECTV. Additionally, Radio One owns 51% of the common stock of Reach Media, Inc. (www.blackamericaweb.com), owner of the Tom Joyner Morning Show and other businesses associated with Tom Joyner, a leading urban media personality, and programs "XM 169 The POWER" on XM Satellite Radio.
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