CORRECTING and REPLACING Radio One, Inc. 2008 Second Quarter Results Conference Call

Please replace the release dated July 22, 2008 with the following corrected version due to changes to conference call information. The corrected release reads: RADIO ONE, INC. 2008 SECOND QUARTER RESULTS CONFERENCE CALL Radio One, Inc. (NASDAQ:ROIAK and ROIA) will be holding a conference call for investors, analysts and other interested parties to discuss its results for the second fiscal quarter of 2008. The conference call is scheduled for Tuesday, August 5, 2008 10:00 a.m. EDT. To participate on this call, U.S. callers may dial toll-free 1-877-209-9922; international callers may dial direct (+1) 612-332-0634. A replay of the conference call will be available from 12:30 p.m. EDT August 5, 2008 until 11:59 p.m. August 5, 2008. Callers may access the replay by calling (800) 475.6701; international callers may dial direct (320) 365.3844. The replay Access Code is 956357. Access to live audio and a replay of the conference call will also be available on Radio One's corporate website at www.radio-one.com. The replay will be made available on the website for seven days after the call. Radio One, Inc. (www.radio-one.com) is one of the nation's largest radio broadcasting companies and the largest radio broadcasting company that primarily targets African-American and urban listeners. Radio One, Inc. owns and/or operates 53 radio stations located in 16 urban markets in the United States. Additionally, Radio One owns Magazine One, Inc. (d/b/a Giant Magazine) (www.giantmag.com), interests in TV One, LLC (www.tvoneonline.com), a cable/satellite network programming primarily to African-Americans, Reach Media, Inc. (www.blackamericaweb.com), owner of the Tom Joyner Morning Show and other businesses associated with Tom Joyner, and Community Connect Inc., an online social-networking company, which operates a number of branded websites, including BlackPlanet, MiGente and AsianAvenue. Cautionary Note Regarding Forward-Looking Statements This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements represent management's current expectations and are based upon information available to Radio One at the time of this release. These forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond Radio One's control, that may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Radio One does not undertake any obligation to update any forward-looking statements.