WITH A REPORTED NET WORTH OF $460 MILLION, Hughes, one of the wealthiest African American women in the nation, has made a resounding impact on black media, having pioneered Radio One Inc. (No. 9 on the be industrial/service companies list with $450 million in revenues), one the of the most successful and lucrative black-owned media companies to date. If you've listened to The Quiet Storm on the radio, watched Your favorite shows on TV I One (No. 17 on the be industrial/service companies list with $184 million in revenues), or perused an Interactive One digital outlet, you've experienced Hughes media influence. A gifted trendsetter, she has thrived for more than 30 years in an ever-changing, often directionless industry--in 2015, Radio One bought ought Comcast's minority interest in TV One, gaining total ownership. Adding to her list of accomplishments, the media mogul, who is a 2013 Women of Power Legacy Award recipient, was recently honored by Howard University with the renaming of the school of communications. Here she offers some lessons on longevity.
How have you managed to stay on top of trends?
We're a very research oriented company. In a tight year, we spend $1 million on research. It's very important to me.