| Business Summary | | Westwood
One,
Inc.
supplies
radio
and
television
stations
with
information
services
and
programming.
The
Company's
principal
source
of
revenue
is
selling
commercial
airtime
to
advertisers
through
one
of
its
two
operating
divisions,
which
are
Metro/Shadow,
which
is
comprised
of
Metro
Networks,
Inc.
and
Shadow
Traffic,
and
the
Network
Division.
The
Company
generates
revenue
principally
by
selling
audience
it
obtains
from
radio
and
television
affiliates
to
local
and
national
advertisers.
Metro/Shadow
provides
local
traffic
and
information
broadcast
reports
in
over
80
Metro
Survey
Area
markets
in
the
United
States.
The
Network
Division
offers
radio
stations
traditional
news
services,
CBS
Radio
news,
CNN
Radio
and
Fox
news,
in
addition
to
seven
24-hour
satellite-delivered
continuous
play
music
formats
and
weekday
and
weekend
news
and
entertainment
features
and
programs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Westwood
One,
Inc.
is
a
producer
and
distributor
of
nationally
sponsored
radio
programs
and
also
provides
local
traffic,
news,
sports
and
weather
programming
to
radio
stations
and
other
media
outlets
in
16
major
cities.
For
the
six
months
ended
6/30/01,
net
revenues
fell
1%
to
$255.3
million.
Net
income
rose
15%
to
$16.7
million.
Results
reflect
a
reduction
in
advertising
spending
by
Internet
companies,
offset
by
tight
cost
controls
and
lower
personnel
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Norman Pattiz, 58 Chairman | $500K | Joel Hollander, 45 Pres,
CEO, Director | -- | Farid Suleman, 49 Exec.
VP, CFO, Sec., Director | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|