Radio One plans to acquire Indiana station WIFE-FM and move it to Cincinnati

(March 9, 2006) Radio One, Inc. announced today that it has agreed to acquire the assets of radio station WIFE-FM, currently licensed to Connorsville, Indiana, for approximately $18.0 million in cash. Subject to the necessary regulatory approvals, the company will move the station into the Cincinnati metropolitan area, and consolidate the station with its existing Cincinnati operations.

Radio One expects to complete the acquisition during the second half of 2006. An announcement about the specifics of the format and associated call sign change will be made at a later date.

Commenting on the acquisition, Radio One President and Chief Executive Officer Alfred C. Liggins, III stated, "This is a great deal for Radio One. Cincinnati has been one of the best performing markets for us and this acquisition will further solidify our already strong position in this important midwest market."

Radio One, Inc. (www.radio-one.com) is the nation's seventh largest radio broadcasting company and the largest radio broadcasting company that primarily targets African-American and urban listeners. Pro forma for announced acquisitions, Radio One owns and/or operates 71 radio stations located in 22 urban markets in the United States and reaches approximately 14 million listeners every week.


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