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Radio One, Inc. Announces New National Sales Representation Firm Agreement

WASHINGTON--(BUSINESS WIRE)--Sept. 6, 2005--Radio One, Inc. (NASDAQ:ROIAK and ROIA) announced today that it has entered into a contract with Katz Media ("Katz") for national advertising sales representation. Under the terms of the agreement, Katz will represent the Company's entire portfolio of 69 radio stations in 22 markets. In conjunction with this transaction, Radio One may need to take a non-cash charge in the third quarter of 2005 to reflect the termination payments Katz will make to the other national sales representation firm with which the Company had previously done business. The future operating expenses of the Company will be reduced by the amount of this charge over the life of the contract with Katz.

Radio One's CEO and President, Alfred C. Liggins, III, said, "We are excited to expand our partnership with Katz Media. Over the years they have proven to ably represent approximately half of our station portfolio. This new Agreement expands their responsibilities to our entire portfolio. We look forward to Katz's historical successes carrying over to these additional radio stations."

Radio One, Inc. ( is the nation's seventh largest radio broadcasting company (based on 2004 net broadcast revenue) and the largest radio broadcasting company that primarily targets African-American and urban listeners. Radio One owns and/or operates 69 radio stations located in 22 urban markets in the United States and reaches more than 13 million listeners every week. Radio One also owns approximately 36% of TV One, LLC (, a cable/satellite network programming primarily to African-Americans, which is a joint venture with Comcast Corporation and DIRECTV. Additionally, Radio One owns 51% of the common stock of Reach Media, Inc. (, owner of the Tom Joyner Morning Show and other businesses associated with Tom Joyner, a leading urban media personality, and programs "XM 169 The POWER" on XM Satellite Radio.

This press release includes 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, seasonal nature of the business, granting of rights to acquire certain portions of the acquired company's or radio station's operations, market ratings, 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 Radio One's reports on Forms 10-K, 10-K/A and 10-Q and other filings with the Securities and Exchange Commission.

CONTACT: Radio One, Inc.
Scott R. Royster, 301-429-2642

SOURCE: Radio One, Inc.