Black owned radio corporation said to be in deep financial stress… I’m sure staff members are crossing their fingers and hoping management at Radio One falls on the floor laughing and yelling “April Fools” but I don’t think that’s the case… Radio One has been extremely and surprisingly quiet for the first quarter of the year amidst all the iHeartmedia (formerly Clear Channel) layoffs and several other radio corporation changes, then this bombshell drops today. RFFocus has just learned that Radio One is asking staff members nationwide to take pay cuts. It’s rumored the company is near or is about to declare bankruptcy. More details as they come. Could there be any truth to the rumor that the corporation is trying to quickly sell? What does this mean for Urban radio or the PD position still open in Atlanta?