Give that man a raise! Radio One loses $11 millie

It’s the first law of radio: every time Shadio One loses money, CEO Alfred Liggins and his mama get a raise. So how much will Cathy Hughes’ radio conglomerate pay Alfred for this:

RADIO ONE has reported its results for the quarter ended JUNE 30th, 2009. Net revenue was approximately $70.1 million, a decrease of 16% from the same period in 2008. Station operating income was approximately $29.6 million, a decrease of 16% from the same period in 2008.

I’m thinking $5 million bonus… Maybe the country’s musical artists could get together and donate to the cause, out of the big royalties they earn from radio playing their … oh, riiiiiight … I almost forgot …