UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. ___)* Radio One, Inc. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 75040P108 (CUSIP Number) December 31, 2006 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).- ------------------------------------- ------------------- CUSIP No. 75040P108 13G Page 2 of 8 Pages - ------------------------------------- ------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Concordia Advisors (Bermuda) Ltd. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ..................................................................[ ] (b) ..................................................................[ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY.......................................................... - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - -------------------------------------------------------------------------------- NUMBER OF -------------------------------------------------------------- SHARES 5. SOLE VOTING POWER BENEFICIALLY 596,277 OWNED BY -------------------------------------------------------------- EACH 6. SHARED VOTING POWER REPORTING 0 PERSON -------------------------------------------------------------- WITH 7. SOLE DISPOSITIVE POWER 596,277 -------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------- - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 596,277 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) Not applicable [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.375% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (See Instructions) IA - -------------------------------------------------------------------------------- - ------------------------------------- ------------------- CUSIP No. 75040P108 13G Page 3 of 8 Pages - ------------------------------------- ------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Concordia Advisors, LLP - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ..................................................................[ ] (b) ..................................................................[ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY.......................................................... - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom - -------------------------------------------------------------------------------- NUMBER OF -------------------------------------------------------------- SHARES 5. SOLE VOTING POWER BENEFICIALLY 596,277 OWNED BY -------------------------------------------------------------- EACH 6. SHARED VOTING POWER REPORTING 0 PERSON -------------------------------------------------------------- WITH 7. SOLE DISPOSITIVE POWER 596,277 -------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------- - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 596,277 - -------------------------------------------------------------------------------- 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) Not applicable [ ] - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.375% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (See Instructions) IA - -------------------------------------------------------------------------------- - ------------------------------------- ------------------- CUSIP No. 75040P108 13G Page 4 of 8 Pages - ------------------------------------- ------------------- Item 1. (a) Name of Issuer. Radio One, Inc. (b) Address of Issuer's Principal Executive Offices. 5900 Princess Garden Parkway, 7th Floor, Lanham, MD 20706 Item 2. (a) Names of Person Filing. Concordia Advisors (Bermuda) Ltd. (b) Address of Principal Business Office or, if None, Residence. 12 Bermudiana Road Hamilton HM-11 Bermuda (c) Citizenship. Bermuda limited company (d) Title of Class of Securities. Class A Common Stock (e) CUSIP Number. 75040P108 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; - ------------------------------------- ------------------- CUSIP No. 75040P108 13G Page 5 of 8 Pages - ------------------------------------- ------------------- (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 1. (a) Name of Issuer. Radio One, Inc. (b) Address of Issuer's Principal Executive Offices. 5900 Princess Garden Parkway, 7th Floor, Lanham, MD 20706 Item 2. (a) Names of Person Filing. Concordia Advisors, LLP (b) Address of Principal Business Office or, if None, Residence. Unit 112 Harbor Yard, Chelsea Harbour London SW10 OXD United Kingdom (c) Citizenship. UK limited partnership (d) Title of Class of Securities. Class A Common Stock (e) CUSIP Number. 75040P108 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); - ------------------------------------- ------------------- CUSIP No. 75040P108 13G Page 6 of 8 Pages - ------------------------------------- ------------------- (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. (a) Amount beneficially owned: 596,277 (b) Percent of class: 9.37% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 596,277 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 596,277 (iv) Shared power to dispose or to direct the disposition of: 0 See item 6 below. Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Concordia Advisors (Bermuda) Ltd. and Concordia Advisors LLP serve as investment advisor and sub investment advisor, respectively, to commingled funds and managed accounts which have the right to receive dividends from, or the proceeds from the sale of, the securities of the issuer described in this schedule. One of these funds and accounts, Man Balanced Strategies, Ltd., has an economic interest in more than 5% of the securities. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. N/A Item 8. Identification and Classification of Members of the Group. N/A - ------------------------------------- ------------------- CUSIP No. 75040P108 13G Page 7 of 8 Pages - ------------------------------------- ------------------- Item 9. Notice of Dissolution of Group. N/A Item 10. Certifications. By signing below each of the undersigned certifies that, to the best of the undersigned's knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: January 22, 2007 CONCORDIA ADVISORS (BERMUDA) LTD. By: /s/ A. Daniel Wood ------------------------------------ Name: A. Daniel Wood Title: Director CONCORDIA ADVISORS, LLP By: /s/ Jason Hathorn ------------------------------------ Name: Jason Hathorn Title: Chief Executive