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Radio One, Inc. Announces Equity Offering

WASHINGTON, Mar 25, 2002 /PRNewswire-FirstCall via COMTEX/ -- Radio One, Inc. (Nasdaq: ROIAK; ROIA) today announced the launch of an offering of 10,000,000 Class D common shares, of which 8,700,000 shares will be offered by the Company and approximately 1,300,000 shares will be offered by selling shareholders. The Company will also grant the underwriters an option to purchase up to an additional 1,500,000 Class D common shares to cover over- allotments of which up to 1,183,510 shares will be sold by the selling shareholders. Banc of America Securities LLC and Credit Suisse First Boston will act as joint book-running managers on the 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

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SOURCE Radio One, Inc.

CONTACT:          Scott R. Royster, Chief Financial Officer of Radio One, Inc.,
                  (ROIA ROIAK)
Copyright (C) 2002 PR Newswire.  All rights reserved.