1041657--6/14/2007--RADIO_ONE

related topics

{capital, credit, financial}

{acquisition, growth, future}

{regulation, government, change}

{personnel, key, retain}

{tax, income, asset}

{financial, litigation, operation}

{stock, price, operating}

{debt, indebtedness, cash}

The loss of key personnel, including on-air talent, could disrupt the management and operations of our business. Our business strategy could be hampered by a lack of attractive acquisition opportunities, difficulties in integrating those acquisitions or delays in completing divestitures. Our business depends on maintaining our licenses with the FCC. We could be prevented from operating a radio station if we fail to maintain its license. There is significant uncertainty regarding the FCC s media ownership rules, and such rules could restrict our ability to acquire radio stations. Increased enforcement by FCC of its indecency rules against the broadcast industry. Future asset impairment of our FCC licenses or goodwill could have an adverse effect. Two common stockholders have a majority voting interest in Radio One and have the power to control matters on which our common stockholders may vote, and their interests may conflict with yours. Our substantial level of debt could limit our ability to grow and compete. We could incur adverse effects from our voluntary stock option grants review and resulting financial restatements.

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1041657--6/14/2007--RADIO_ONE_INC