OUCH! Radio One Loses 18.3 Million first Quarter

Radio One said it lost $18.3 million in the first quarter, compared with a profit of $744,000 in the first three months of 2007, hurt by a slump in national advertising. Chief executive Alfred C. Liggins III, left, sought to explain stock sales by him and his mother, Radio One founder Cathy Hughes and explain that a planned stock buyback will happen. Read the whole story here