The first city company Urban One, Inc. (NASDAQ: UONE, UONEK) was founded in 1980, formerly known as the first radio company Radio One Inc. (formerly NASDAQ: ROIAK, NASDAQ: ROIA), and was changed to the current one in May 2017. By name, it is headquartered in Silver Spring, Maryland, USA. It has 999 full-time employees. It is an American radio broadcasting company and serves mainly African Americans.
The first city Urban One, Inc. (UONE):
Urban One and its subsidiaries operate an urban-oriented multimedia company in the United States.
Urban One is divided into 4 departments to operate: Radio Broadcasting (radio broadcasting), Reach Media Inc., Digital (digital), cable television (Cable Television).
- Radio broadcasting : includes radio broadcasting services that are primarily aimed at African Americans and urban listeners. As of December 31, 2019, the department owned and/or operated 60 radio stations under the Radio One trademark in 15 city markets.
- Cable TV Department : A cable TV network mainly operated by its subsidiary TV One, LLC, whose customer base is mainly African American.
- Reach Media : Mainly operates Tom Joyner Morning Show and other co-produced shows, including The Rickey Smiley Morning Show, The Yolanda Adams Morning Show, The Russ Parr Morning Show, The DL Hughley Show; the department also operates BlackAmericaWeb.com (one with News and entertainment sites targeting African Americans) and other events-related activities.
- Digital department : The online network business is mainly operated by its subsidiary Interactive One, LLC. The digital platform serves the African-American community through social content, news, information and entertainment websites (including Cassius and Bossip, HipHopWired and MadameNoire digital platforms and brands) Provide services.
The first city Urban One, Inc. (UONE) history:
- Urban One was founded in 1980 by Cathy Hughes under the name Radio One. At the time, Cathy was a divorced single mother who bought the WOL-AM radio station in Washington DC for $995,000. Seven years later, Cathy purchased her second radio station, WMMJ, in Washington. Established Radio One’s early strategy to purchase small radio stations with poor performance in the urban market and reposition them to serve the population of their communities.
- In 1985, Hughes’s son Alfred C. Liggins III (Alfred C. Liggins III) joined the company and began to manage daily operations in 1993. Later, he took over as CEO in 1997 and Cathy Hughes became chairman of the board. .
- In 1996, Radio One moved the corporate office from Washington, DC to Lanham, Maryland. The company is now located in Silver Spring, Maryland.
- On May 6, 1999, Radio One (Radio One) went public and continued to be controlled by the family. The IPO issued 6.5 million shares at an issue price of US$24. This made Hughes the first African American woman to serve as chairman of a public company.
- As of 2010, Cathy Hughes and her son Liggins controlled 90% of Radio One’s voting stock.
- In 2001, Radio One expanded to 22 markets, with 18 million listeners, and became the largest urban market broadcaster in the United States. Radio One reached a peak of 70 radio stations in 22 markets in 2007. It is the largest African-American-owned and operated broadcaster in the United States.
- On May 8, 2018, Radio One was renamed Urban One.