Nice Bonuses For Most Radio One Execs

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The Radio One Compensation Committee agreed to pay out bonuses to several Radio One executives for their performance in 2016. CEO Alfred Liggins will receive $1.25 million and founder Cathy Hughes receives $500,000, which represents a 100% payout of their bonus potential. Who else did and didn’t get bonuses?

CFO Peter Thompson and Chief Administrative Officer Linda Vilardo will both receive a $300,000 bonus. Radio Division CEO David Kantor will not receive a bonus because the company says the combined radio and Reach Media segments did not achieve radio/Reach Media segment EBITDA as set forth in the Company’s 2016 budget.

The Compensation Committee says in handing out the bonuses to the Radio One executives, it considered the 2016 operating performance of the company on a consolidated basis. The Compensation Committee noted that the Company delivered EBITDA at 100% of budget. The Committee also looked at the company’s improved free cash-flow performance, including as measured by performance versus bank covenants, expense management, and its 80% share price improvement.

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