Radio One said its Class D stock shares are back in compliance with NASDAQ rules.
The company had been warned by the stock exchange about a year ago that it had to get the price of those shares up over $1. Enforcement of the rule was suspended for a time because of the economy.
The broadcast owner, which has 53 stations in 16 markets, says NASDAQ now has told it that the shares, which trade under the symbol ROIAK, have regained compliance. They closed at $1.66 on Friday.
Meantime the stock exchange also confirmed Radio One’s Class A shares (ROAI) are in compliance as well.
