Tag: national radio

Radio Facts: BJ Murphy joint ventures with Momentum Marketing to stimulate the Success Movement All over the country with emphasis on Corporate Credit Building...

Radio One at the time of this release. These forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond Radio One's control, that may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.  Important factors that could cause actual results to differ materially are described in Radio One's reports on Form 10-K and other filings with the Securities and Exchange Commission.  Radio One does not undertake any duty to update any forward-looking statements.Radio One, Inc. (https://www.radio-one.com/) is a diversified media company that primarily targets African-American and Black consumers. The Company is one of the nation's largest radio broadcasting companies, currently owning or operating 53 broadcast stations located in 15 Black markets in the United States. As a part of its core broadcasting business, Radio One operates syndicated programming including the Russ Parr Morning Show, the Yolanda Adams Morning Show, the Rickey Smiley Morning Show, CoCo Brother Live, CoCo Brother's "Spirit" program, Bishop T.D. Jakes' "Empowering Moments", the Reverend Al Sharpton Show, and the Warren Ballentine Show. The Company also owns a controlling interest in Reach Media, Inc. (https://www.blackamericaweb.com/), owner of the Tom Joyner Morning Show (TJMS) and other businesses associated with Tom Joyner . Beyond its core radio broadcasting business, Radio One owns Interactive One (https://www.interactiveone.com/), an online platform serving the African-American community through social content, news, information, and entertainment, which operates a number of branded sites, including News One, UrbanDaily, HelloBeautiful, Community Connect Inc. (https://www.communityconnect.com/), an online social networking company, which operates a number of branded websites, including BlackPlanet, MiGente, and Asian Avenue. In addition, the Company owns a controlling interest in TV One, LLC ), a cable/satellite network programming primarily to African-Americans.

Prepaid cards function much like debit cards but aren't tied to bank accounts and users can load the cards with a desired dollar amount and reload them as needed. What kind of a "credit card" is that? That's the consumer's own money and they are paying to use their own MONEY? Joyner is trying to clean up the situation but saying unlike some other cards on the market, his new Reach Card has three clearly disclosed fees: a $9.95 activation fee, an $8.95 monthly fee and a $2.50 ATM withdrawal fee.... but the 59-year-old radio vet is not including the fees charged when you use the ATM machine that belongs to the bank which could be up to an additional $3.00 (or more) so the ACTUAL ATM fee, for example could be a whopping $5.50 per use! Some of these trashy cards also include overdraft fees for using YOUR OWN MONEY which some banks charge as high as $39.00 EACH so you can almost bet the prepaid company will charge even more.   Can you imagine you are overdrawn by $2.00 and you are charged $39,00 as a penalty ON YOUR OWN MONEY?The Reach card should cost about $120 a year for most users. $120 a year to use your own money, for a piece of plastic to build your self esteem? Why not, I don't know... USE YOU OWN CASH and save those excessive fees?   PreCash is the company issuing the card in partnership with Joyner. The radio host last week began reading ads for the card on his morning show, which reaches 8 million black listeners a week in more than 100 markets. That's significant because blacks are more likely to be unbanked or underbanked, meaning they avoid traditional banking services, which in comparison to this is a damn shame. It would help if Tom had a financial advisor on the show on a regular basis to teach black listeners the BENEFIT of working with financial institutions and handling their money.... Oh, TOM can't make any money that way.   What are we thinking?The Reach card was designed specifically with Joyner's listeners in mind, said Mia Mends, general manager of PrePaid debit for PreCash. "We don't assume all of them are unbanked or underbanked, but there's probably some overlap." She forgot to include "Child, we just want dey damn money." That the biggest crock of bullsh... we've ever heard and Mia is full of Diarrhea. PreCash see a way of making some damn PreSTASH at the black listeners expense. Tell the damn truth.One celebrity-endorsed card that generated sharp criticism was the Kardashian Kard, which bore the image of the reality TV sisters. But Kim, Khloe and Kourtney cut ties with the card when its high fees were slammed by consumer groups.Before it was taken off the market last month, the Kardashian Kard cost $59.95 for six months, or $99.95 for 12 months. That translates to between about $8 to $10 per month. But there were numerous other fees for balance inquiries, ATM withdrawals, customer service calls and cancellation."This is why we're so baffled as to why customers think these (prepaid) cards are cheaper than a bank account," said Suzanne Martindale, an attorney and associate policy analyst with Consumers Union, an advocacy group.