Radio One Bosses On the Come Up


cathy_hughes_alfred_liggins.jpgThe downward economic trends and the impact the Internet is having on the entertainment industry doesn't seem to bother Radio One CEO and President, Alfred Liggins III, one bit. The media conglomerate, founded by his mother, Cathy Hughes, has diversified its interests over the years by not only owning a slew of radio stations across the country but also the growing cable network, TV One (BET is so yesterday), Giant magazine, Reach Media and Community Connect social networks. Whew! Now it seems as if Radio One is taking notes from Prez Bush's policies and plans to make the rich even richer. It is reported that Liggins is giving himself a 70% raise, which would amount to an annual salary of $980,000--with a bonus! Hughes' salary for her position as Chairperson will increase 75% to 750,000 a year. Liggin's explanation: "My compensation isn't significantly different from [chief executives at radio] companies like Citadel and Cumulus." Now, we're not financial analysts, but something tells us you're not supposed to give yourself a raise when your stock is tapping dancing around $1 a share. [BW2]

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