URBAN ONE, INC. — Director's Dealing 2004

Feb 12, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: RADIO ONE INC (ROIA/ROIAK)
CIK: 0001041657
Period of Report: 2003-12-31

Reporting Person: LOVE L ROSS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-05-02	Class D Common Stock	S	28045	$15.90	Disposed	0	Indirect
2003-06-11	Class D Common Stock	G	5340	—	Acquired	77153	Indirect
2003-06-11	Class D Common Stock	G	5340	—	Disposed	9487	Indirect

Footnotes

F1: 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.