Radio One, Inc. Aquires WPEZ-FM from U.S. Broadcasting

FOR IMMEDIATE RELEASE

June 26, 2001

Radio One, Inc. has agreed to purchase the assets of radio station WPEZ-FM, Macon, GA (subsequently to be changed to Hampton, GA) from U.S. Broadcasting Limited Partnership (_USBLP_) for $55.0 million.*

Radio One has entered into a Local Marketing Agreement (LMA) with USBLP to commence in September.

George R. Reed and Tom McKinley represented USBLP in this transaction.

* Pending FCC Approval

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