Kathy Hughes: Building Urban One, the Largest African-American-Owned Broadcaster in the U.S.

TLDR Kathy Hughes pursued her childhood dream of having a syndicated radio show, overcoming discouragement and challenges to build Urban One, the largest African-American-owned broadcaster in the U.S., by creating innovative programming like the "quiet storm" format and expanding her radio company to 75 stations.

Timestamped Summary

00:00 Kathy Hughes built the largest African-American-owned broadcaster in the U.S., Urban One, starting from her childhood dream of having a syndicated radio show.
04:35 Kathy Hughes pursued her dream of being in radio from a young age despite discouragement and challenges, including becoming a mother at 17.
09:00 Kathy Hughes moved to Washington, D.C. with her young son to work at Howard University's radio station, where she found the station in disarray but saw an opportunity to create structure and introduce innovative programming like the "quiet storm."
13:17 Kathy Hughes created the "quiet storm" format at Howard University's radio station, attracting an initially gay audience that later expanded to the black community, leading to a significant rise in ratings.
17:58 Kathy Hughes bought a struggling black AM radio station in Washington DC in 1980 for a million dollars, despite having only ten thousand dollars in her bank account, competing against bidders like former Senator Edward Brooke and Muhammad Ali.
22:13 Kathy Hughes persevered through 32 rejections before securing a loan from a female banker to buy a radio station in Georgetown, Washington D.C., where she lived with her son after her marriage fell apart due to financial stress.
26:24 Running a radio station with news and talk formats, Kathy Hughes managed to juggle station administration, raising a child, and hosting a four-hour show daily, fueled by her unwavering belief in the station's profitability despite financial struggles.
30:55 Kathy Hughes expanded her radio company, Radio One, to 75 stations, becoming the first in urban broadcasting to achieve this scale, while also maintaining significant ownership and voting stock after going public.
36:02 Artifon founder Dr. Mike Butera created a digital musical instrument, the Instrument One, which combines the functionalities of multiple instruments and has gained recognition despite challenges in attracting investors.
40:36 Mike Butera is working on making his digital musical instrument, the Instrument One, profitable after selling about 5,000 units in two years, despite challenges in attracting investors.
Categories: Business

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