Radio One To Repurchase Stock

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The Radio One board of directors authorized a repurchase of shares of the company’s Class D common stock. The repurchase program authorizes the repurchase of shares with an aggregate value of up to $3.5 million. The repurchase program is authorized for up to 24 months and purchases under the plan may be made from time to time in open market purchases, through privately negotiated transactions or otherwise.

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