URBAN ONE, INC. — Director's Dealing 2004

Apr 21, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RADIO ONE INC (ROIA/ROIAK)
CIK: 0001041657
Period of Report: 2004-04-19

Reporting Person: LOVE L ROSS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-19	Class D Common Stock	S	0	—	Disposed	500	Direct
2004-04-19	Class D Common Stock	S	88937	$20.0023	Disposed	430187	Indirect
2004-04-20	Class D Common Stock	S	30187	$19.99	Disposed	400000	Indirect
2004-04-19	Class D Common Stock	S	42159	$19.99	Disposed	557841	Indirect
2004-04-19	Class D Common Stock	S	40000	$20.05	Disposed	517841	Indirect
2004-04-20	Class D Common Stock	S	17841	$19.99	Disposed	500000	Indirect
2004-04-20	Class D Common Stock	S	21813	$19.99	Disposed	50000	Indirect
2004-04-19	Class D Common Stock	S	0	—	Disposed	14827	Indirect

Footnotes

F1: All sales reported on this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by the reporting person.

F2: On August 10, 2001: (1) LRL Trading, L.L.C. ("LRL Trading") acquired 2,212,368 shares of Class D Common Stock of Radio One, Inc. (the "Company"), (2) LRC Love Limited Partnership ("LRC Love LP") acquired 170,388 shares of Class D Common Stock, (3) Love Family Limited Partnership ("Love Family LP") acquired 73,023 shares of Class D Common Stock and (4) Cheryl H. Love, the wife of the reporting person, acquired 91,979 shares of Class D Common Stock in connection with the Company's acquisition of Blue Chip Broadcasting, Inc. ("Blue Chip"). On April 16, 2003, the reporting person re-registered 800,000 shares held by LRL Trading in the name of LRL Investments, L.P. ("LRL Investments").

F3: The reporting person, who was an officer, director and shareholder of Blue Chip, has an indirect, controlling interest in LRL Trading, LRL Investments, LRC Love LP and Love Family LP, and accordingly may be deemed to be the beneficial owner of some or all of the shares held by these entities. The reporting person disclaims beneficial ownership of shares held by LRL Trading, LRL Investments, LRC Love LP and Love Family LP except to the extent of his pecuniary interest therein. The reporting person disclaims beneficial ownership of the shares held by Cheryl H. Love and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.