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Radio One, Inc. Commences Exchange Offer for Outstanding Notes

WASHINGTON--(BUSINESS WIRE)--Sept. 20, 2005--Radio One, Inc. (NASDAQ:ROIAK and ROIA) today announced that it has commenced an exchange offer for certain of its outstanding notes (as described below). The exchange offer will expire at 5:00 PM, New York City time, on October 21, 2005.

The exchange offer relates to $200,000,000 of 6 3/8% Senior Subordinated Notes due 2013 (CUSIP numbers 75040P AG 3 and U74935 AB 0) issued by Radio One, Inc. in February 2005 in a Rule 144A offering. In the exchange offer, Radio One is offering to exchange the outstanding notes for notes having substantially identical terms which are registered under the Securities Act of 1933.

The Exchange Agent for the exchange offer is The Bank of New York, which can be contacted at (212) 815-3687.

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, 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 and agreed upon conditions to closing. Important factors that could cause actual results to differ materially are described in Radio One's reports on Forms 10-K 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.