Radio One Again Extends Pending Exchange Offer

Extends Offer Again

RADIO ONE has further extended the expiration time of its previously announced exchange offer for its 8-7/8% Senior Subordinated Notes due 2011 and its 6-3/8% Senior Subordinated Notes due 2013, and together with the 2011 Notes and the related consent solicitation, to 5p (ET) on OCTOBER 22nd.

RADIO ONE wrote that it "believes that it continues to make significant progress in reaching an agreement with the members of the ad hoc group of holders of a significant portion of its Existing Notes relating to certain amendments to the terms of the exchange offer and the related exchange notes, including the conditions to the exchange offer, and with its lenders under its existing senior secured credit facility relating to an amendment thereto."

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