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Radio One, Inc. Announces Extension of Exchange Offer

WASHINGTON, Nov 13, 2001 /PRNewswire via COMTEX/ --

Exchange Period for Company's 8 7/8% Senior Subordinated Notes due 2011 Extended through November 16, 2001

Radio One, Inc. (Nasdaq: ROIAK; ROIA) announced today that the expiration date for the exchange offer launched on October 10, 2001 for up to $300,000,000 in principal amount of its 8 7/8% Series B Senior Subordinated Notes due 2011, which have been registered under the Securities Act of 1933, as amended, for a like amount of its outstanding 8 7/8% Senior Subordinated Notes due 2011, has been extended until 1:00 p.m., New York City time, Friday, November 16, 2001, unless further extended.

The exchange offer was originally scheduled to expire at 5:00 p.m. New York City time, Friday, November 9, 2001, at which time approximately $297,600,000 in principal amount of the outstanding 8 7/8% Senior Subordinated Notes due 2011 had been tendered for exchange.

The Company's Prospectus, dated October 10, 2001, and the accompanying Letter of Transmittal together constitute the exchange offer, for which the Bank of New York (formerly the United States Trust Company of New York) is acting as the Exchange Agent. Additional information regarding the exchange offer may be obtained from the Exchange Agent at 800-548-6565.

This press release is neither an offer to purchase nor a solicitation of an offer to sell securities.

Radio One is the nation's seventh largest radio broadcasting company (based on 2000 pro forma revenue) and the largest primarily targeting African- American and urban listeners. Pro forma for all announced acquisitions 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 System.

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because these statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially, including the absence of a combined operating history with an acquired company or radio station and the potential inability to integrate acquired businesses, need for additional financing, high degree of leverage, granting of rights to acquire certain portions of the acquired company's or radio station's operations, variable economic conditions and consumer tastes, as well as restrictions imposed by existing debt and future payment obligations. Important factors that could cause actual results to differ materially are described in the Company's reports on Forms 10-K and 10-Q and other filings with the Securities and Exchange Commission.

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SOURCE Radio One, Inc.

CONTACT:          Scott R. Royster, Executive Vice President and Chief Financial
                  Officer of Radio One, Inc., +1-301-429-2642
                  (ROIA ROIAK)
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