Radio One, Inc. Announces Definitive Agreement to Sell the Assets of WJKR-FM in Columbus

 Radio One, Inc. Announces Definitive Agreement to Sell the Assets of WJKR-FM
                                 in Columbus

PR Newswire

COLUMBUS, Ohio, Oct. 23, 2012

COLUMBUS,Ohio, Oct. 23, 2012 /PRNewswire/ --Radio One, Inc. (Nasdaq: ROIAK;
ROIA) today announced it has signed a definitive agreement to sell the assets
of one of its Columbus, Ohio radio stations, WJKR-FM (The Jack, 98.9 FM), to
Salem Media of Ohio, Inc., a subsidiary of Salem Communications (Nasdaq:
SALM). The station is not a core asset for Radio One and Radio One will
continue to own and operate two urban format radio stations in the Columbus
market: WCKX-FM (107.5 FM), which plays mainstream/urban and WXMG-FM (106.3
FM), which plays R&B and oldies. The closing on the sale of WJKR-FM is
subject to customary conditions, prorations and adjustments, including
approval from the Federal Communications Commission ("FCC"). Radio One expects
the transaction to close shortly after final consent from the FCC. However,
under a local marketing agreement, Salem will be providing programming for the
station on November 1, 2012.

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About Radio One

Radio One, Inc. (http://www.radio-one.com/) is a diversified media company
that primarily targets African-American and urban consumers. The Company is
one of the nation's largest radio broadcasting companies, currently owning
and/or operating 55 broadcast stations located in 16 urban markets in the
United States. As a part of its core broadcasting business, Radio One operates
syndicated programming including the Russ Parr Morning Show, the Yolanda Adams
Morning Show, the Rickey Smiley Morning Show, CoCo Brother Live, CoCo
Brother's "Spirit" program, Bishop T.D. Jakes' "Empowering Moments", the
Reverend Al Sharpton Show, and the Warren Ballentine Show. The Company also
owns a controlling interest in Reach Media,
Inc.(http://www.blackamericaweb.com/), owner of the Tom Joyner Morning Show
and other businesses associated with Tom Joyner. Beyond its core radio
broadcasting business, Radio One owns Interactive One
(http://www.interactiveone.com/), an online platform serving the
African-American community through social content, news, information, and
entertainment, which operates a number of branded sites, including News One,
UrbanDaily, HelloBeautiful, Community Connect Inc.
(http://www.communityconnect.com/), an online social networking company, which
operates a number of branded websites, including BlackPlanet, MiGente, and
Asian Avenue. In addition, the Company owns a controlling interest in TV One,
LLC (http://www.tvoneonline.com/), a cable/satellite network programming
primarily to African-Americans.

About Salem Communications

Salem Communications Corporation is the largest commercial U.S. radio
broadcasting company that provides programming targeted at audiences
interested in Christian and conservative opinion content, as measured by the
number of stations and audience coverage. Upon completion of all announced
transactions, the company will own and/or operate a national portfolio of 99
radio stations in 38 markets, including 61 stations in 22 of the top 25
markets. Salem also programs the Family Talk™ Christian-themed talk format on
SiriusXM Radio, channel 131.

Salem also owns Salem Radio Network, a national radio network that syndicates
talk, news and music programming to approximately 2,300 affiliated radio
stations and Salem Media Representatives, a national media advertising sales
firm with offices across the country.

In addition to its radio broadcast business, Salem owns an Internet and a
publishing division. Salem Web Network is a provider of online Christian and
conservative-themed content and streaming and includes websites such as
Christian faith focused Christianity.com, Questions and Answers about Jesus
Christ at Jesus.org, Christian living focused Crosswalk.com®, online Bible at
BibleStudyTools.com, Christian videos at GodTube.com, a leading website
providing church media at WorshipHouseMedia.com and Christian radio ministries
online at OnePlace.com. Additionally Salem owns conservative news leader
Townhall.com® and conservative political blog HotAir.com, providing
conservative commentary, news and blogging. Salem Publishing™ circulates
Christian and conservative magazines such as Homecoming® The Magazine,
YouthWorker Journal™, The Singing News, FaithTalk Magazine, Preaching and
Townhall Magazine™. Xulon Press™ is a provider of self publishing services
targeting the Christian audience.

SOURCE Radio One, Inc.

Website: http://www.radio-one.com
Contact: Peter D. Thompson, +1-301-429-4638