Cathy Hughes talks about her inspiration, struggles, and incredible success as Founder of Urban One Inc. (Formerly Radio One Inc.).
There''s an African proverb that I love to quote, which is until the lion learns to read and write, the story of the hunt will always be from the hunters' perspective, and the lion will always lose.
Well, I like to consider my company, the lion who learned how to read and write.
85 percent of all Black America is touched by our company in one form or fashion.
They either listen to us on radio, watch us on TV, or they interact with us on the Internet.
Was it because of wanting to be a mother that you started to address health issues facing women?
No we have been the spokesperson for how we can all live healthier lives in our city.
Information is power.
When an African American community receives the information that they need and want, they'll come to the right conclusion.
They will in fact be able to elevate the lifestyle and living standards of the entire community.
Since I was eight years old, I knew that I wanted to be on the radio.
I knew I wanted to use my voice to make a difference.
HUGHES GOT HER CHANCE IN 1980, WHEN A RADIO STATION IN WASHINGTON DC WENT ON THE MARKET.
SHE HAD ALWAYS HAD THE WILL.
NOW, ALL SHE NEEDED WAS A LOAN.
I had to have two million dollars.
I went to all the banks.
All of them said no.
32 times I heard no.
FINALLY, SHE GOT A YES,'' AND CATHY HUGHES BOUGHT HER FIRST STATION WOL-AM.
BUT HER TROUBLES WERE FAR FROM OVER.
CATHY HUGHES My lowest point was after I got the loans and went into business because the economy tanked in America.
I lost my home So I ended up in a sleeping bag on the floor of my radio station.
In hindsight, it was the best thing that ever could have happened because radio is 24/7 and I was there 24/7 with my company.
Never once did I feel put out or put upon because I was in a sleeping bag on the floor of the conference room.
I thought I was camping out.
I thought I was protecting my company.
You do not have to lose who you are to be successful.
You don't have to lose your integrity, your goodness, your compassion, your caring and sharing of other individuals to make a dollar.
It is critical.
It is essential for you to do good and do well at the same time and you must first do good before you worry about doing well.