Radio One back in Nasdaq good graces.

Story by Radio Biz

Urban radio giant Radio One's recent stock performance removes a threat from NASDAQ. Tom Taylor, in his Monday radio biz newsletter, tells us that back in early January "ROIA" stock came tantalizingly close to meeting the NASDAQ $1 minimum bid requirement.

However, Radio One now says "because the Class D shares closed above the $1 minimum bid price for the 10 consecutive trading days ended January 23," it's regained compliance and "the matter is now closed."

How did it perform on Friday? Down 9 cents (about 8%), at $1.11 a share.

Currently today, Monday 1-28-13 at 1:40p eastern, stock is up to $1.30.