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LANHAM, Md. (AP) _ Urban One Inc. (UONE) on Thursday reported a loss of $23.2 million in its first quarter.
On a per-share basis, the Lanham, Maryland-based company said it had a loss of 51 cents.
The broadcast media company that serves African-American and urban listeners posted revenue of $94.9 million in the period.
The company’s shares closed at $1.25. A year ago, they were trading at $2.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UONE at https://www.zacks.com/ap/UONE
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