Radio One, Inc., together with its subsidiaries, is an urban-oriented, multi-media company. The Company’s core business is its radio broadcasting franchise that primarily targets African-American and urban listeners. The Company operates its business in four segments: radio broadcasting; Reach Media; Internet, and cable television. The radio broadcasting segment consists of all radio broadcast results of operations. The Reach Media segment consists of the results of operations for the morning shows and related activities in addition to other syndicated radio shows. The Internet segment includes the results of its online business. The cable television segment consists of TV One, LLC (TV One) results of operations. The Company owns and/or operates approximately 54 broadcast stations located in around 16 urban markets in the United States, with approximately 13.8 million weekly national listeners.