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Radio One, the nation’s seventh largest radio broadcasting company (based on 2000 pro forma revenue) today reported record results for the quarter ended June 30, 2001. Net broadcast revenue was $62.3 million, up 91 percent from the same period in 2000. Broadcast cash flow was $34.0 million, an increase of 106 percent from the same period in 2000 while the broadcast cash flow margin improved to 54.7 percent from 50.4 percent. After-tax cash flow was $14.0 million or $0.16 cents per share. On a same station basis, the company’s net broadcast revenue increased 4 percent and broadcast cash flow increased… Read more »

92.3 K-ROCK present Fuel and Insolence on the deck of the Intrepid Sea Air Space Museum in New York City. FUEL-whose music was described by Bass Player as “big, muscular, and melodic in the extreme”-are touring in support of their second platinum CD SOMETHING LIKE HUMAN (Epic). The album’s recently released third single “Bad Day” is #14 on Billboard’s Modern Rock Tracks chart and is also receiving airplay on Hot 100 and Top 40 stations. “Bad Day” follows the massive Modern and Mainstream rock success of the album’s first two singles, the top five “Innocent” and “Hemorrhage (In My Hands)”… Read more »

Epic Records is set to release the sophomore album from multi-platinum recording artist, Macy Gray. After two years of touring in support of her Grammy-winning debut, On How Life Is, Macy returned to the studio to begin work on The id. Many of the musicians and vocalists that Macy befriended along the way make special appearances on The id including: The Roots’ Ahmir “?uestlove” Thompson, Slick Rick, Erykah Badu, Sunshine Anderson, Angie Stone and Mos Def. The first single from The id will be “Sweet Baby” featuring Erykah Badu. The video was directed by Dave Meyers (known for his work… Read more »

The dog is ready to bark again. DMX is gearing up for the September 25 release of his fourth album, now titled The Great Depression, with two video shoots in eight days. X, who’s been relatively quiet since last summer (this is a guy who released his first three albums between May 1998 and December 1999, mind you), will film the clips for the first two singles, “Who We Be” and “You Must Be Blind,” starting this week. “Who We Be” will be a two-day shoot and start production on Wednesday in Baltimore, according to Def Jam. J. Jesses Smith,… Read more »

After being swept off her feet by her husband, British filmmaker Guy Ritchie, Madonna has agreed to star in his next movie, “Swept Away.” The pop superstar will play Raffaella, a rich woman who goes on a yachting vacation in the Mediterranean and becomes romantically involved with a communist sailor after they are shipwrecked, according to a spokesperson at Ritchie’s production company, SKA Films. Madonna’s spokesperson, Liz Rosenberg, also confirmed the star’s participation in the project. “Swept Away” is an update of Lina Wertmüller’s 1975 Italian-language saga. When it was reported late last year that Madonna would star in Ritchie’s… Read more »

Radio airplay is and has been the primary driver of retail record sales in the United States. Some estimate that nearly 90 percent of sales is the direct result of an artist being exposed on radio. But today, radio is joined by an array of other media choices: MTV, BET, and VH1, digital downloads, and streamed audio. Consumers borrow friend’s CDs and tapes, and see live performance. Any record label or promoter would be remiss by ignoring any one of these outlets since they all help to sell music. In the first-ever project of its kind, James Schureck at Jeff… Read more »

Former Beatle George Harrison, who has been battling cancer, said on Monday that reports of his imminent death had been exaggerated. The reclusive star, responding to weekend press reports that his health was fading fast, said in a statement that he was “active and feeling very well.” Harrison and his wife Olivia said through a statement released in London that they were “disappointed and disgusted” by the reports. The 58-year-old musician has been treated for a brain tumor at a clinic in Switzerland, having already undergone an operation for lung cancer earlier this year. The Mail on Sunday newspaper said… Read more »

When it comes to riding the boy-band wave in pop music, nobody has done it better than Lou Pearlman. The Backstreet Boys, ‘N Sync and O-Town are just a few of the groups the Orlando-based impresario and his company, Trans Continental Entertainment, have launched on the road to hormone-fueled success. But in the past few months, Pearlman has hit some sour notes. About 15 key executives and staffers, including company vice presidents, the chief operating officer, a tour manager, accountants and publicists, have left or been laid off. O-Town, Pearlman’s latest breakout success, recently left for a management firm run… Read more »

Former Beatle George Harrison is reported to have received treatment at a Swiss cancer clinic – his third battle in the past few years against the disease. Just over 18 months ago, the 58-year-old guitarist and singer survived a life-and-death struggle of a different kind, when a knife-wielding intruder stabbed him in the chest at his home near London. The Swiss newspaper Sonntagszeitung reported on Sunday that Harrison had been treated for a brain tumor in a cancer hospital in Bellinzona in southern Switzerland. Cancer specialist Franco Cavalli did not deny he was treating Harrison at the San Giovanni hospital… Read more »

German media giant Bertelsmann’s shakeup of its flagging music division looks set to continue with U.S.-based subsidiary Bertelsmann Music Group (BMG) reportedly looking to lay off hundreds of employees in its efforts to cut costs and raise profits. Rumors followed the appointment last week of former BMG Germany chief Thomas Stein to head BMG’s European division. Stein replaces Richard Griffiths, who is leaving the company by mutual agreement after six months in the job. “We have a new European management team and everything is being reviewed,” said a BMG Europe spokeswoman in Munich, who confirmed that BMG’s top management would… Read more »