Exhibit 99.2

NEWS RELEASE

November 6, 2001              Contact: Scott R. Royster, Chief Financial Officer
FOR IMMEDIATE RELEASE                  (301) 429-2642
Washington, DC

                                 RADIO ONE, INC.
                            UPDATES GUIDANCE FOR THE
                             FOURTH QUARTER OF 2001

Washington, DC - Radio One, Inc. (NASDAQ: ROIAK and ROIA) today released updated
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guidance for its fiscal fourth quarter ending December 31, 2001. With the
adoption by the Securities and Exchange Commission of Regulation FD (Full
Disclosure), the Company believes that it is necessary to provide this important
information to all market participants. These estimates include expected results
for only those stations expected to be owned and/or operated by the Company at
some point during the fourth quarter of 2001.

For the quarter ending December 31, 2001 the Company expects to report net
revenue of approximately $62.0-64.0 million, BCF of approximately $31.0-32.0
million, EBITDA of approximately $28.2-29.2 million and ATCF of approximately
$0.08-0.09 per share.

These changes are due to the following factors:

1.   Continued weakness in the overall advertising market;
2.   Operating losses and LMA fees on two new "stick" stations to be operated by
     the Company in the Atlanta market which began in the third quarter of 2001;
3.   An increase in the costs and size of the corporate infrastructure required
     as the size of the Company has increased significantly, especially in the
     past year.

Given the continued weakness in the economy, the Company now expects capital
expenditures for the year of approximately $6.5-7.5 million, down from its
previous guidance of $8.0-10.0 million. The Company is deferring certain
non-essential purchases of capital equipment until 2002 or until the state
and/or outlook of the U.S. economy improves.

                                     -MORE-



Page 2 - Radio One, Inc. Updates Fourth Quarter, 2001 Guidance

Commenting on the revision to guidance for the fourth quarter of 2001, Alfred C.
Liggins, III, the Company's CEO and President, stated, "While our growth rates
were actually starting to improve in July and August, relative to the first half
of the year, the tragedies of September 11 obviously put an end to all of that.
The tremendous level of uncertainly in the U.S. economy is continuing to dampen
the demand for advertising and that will have a negative impact on our previous
expectations for the fourth quarter. While we believe that every day our country
heals a bit more, the return to normalcy (let alone growth) for the radio
industry is probably still a ways off. Thankfully, we are building on our
ratings momentum and we expect to continue to outpace the industry's performance
thus, we are well positioned to benefit greatly from the rebound, when it
occurs. In the meantime, we are operating with the highest level of expense
discipline and prudence that we can, without jeopardizing the long-term
potential of the Company."

Radio One is the nation's seventh largest radio broadcasting company (based on
2000 pro forma revenue) and the largest primarily targeting African-American and
urban listeners. Pro forma for all announced acquisitions and operating
agreements, the Company owns and/or operates 65 radio stations located in 22 of
the largest markets in the United States and programs five channels on the XM
Satellite Radio system.

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. Because these statements apply to future events, they are
subject to risks and uncertainties that could cause actual results to differ
materially, including the absence of a combined operating history with an
acquired company or radio station and the potential inability to integrate
acquired businesses, need for additional financing, high degree of leverage,
granting of rights to acquire certain portions of the acquired company's or
radio station's operations, variable economic conditions and consumer tastes, as
well as restrictions imposed by existing debt and future payment obligations.
Important factors that could cause actual results to differ materially are
described in the Company's reports on Forms 10-K and 10-Q and other filings with
the Securities and Exchange Commission.

For more information contact Scott R. Royster, Executive Vice President and
Chief Financial Officer at 301-429-2642.


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