Radio One, Inc. Announces Equity Offering
Radio One is the nation's seventh largest radio broadcasting company (based on 2001 pro forma revenue) and the largest primarily targeting African- American and urban listeners. Pro forma for the announced acquisition and operating agreements, the Company owns and/or operates 65 radio stations located in 22 of the largest markets in the United States and programs five channels on the XM Satellite Radio, Inc. system.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, not shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The registration statement is available over the Internet at the Securities and Exchange Commission's web site at http://www.sec.gov.
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CONTACT: Scott R. Royster, Chief Financial Officer of Radio One, Inc., +1-301-429-2642 (ROIA ROIAK) http://www.prnewswire.com
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