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| Radio One, Inc. |
| 5900 Princess Garden Parkway, 8th Floor, Lanham, MD 20706 * (301) 306-1111 |
| Business Description | The company was founded in 1980 and is the largest broadcasting company in the United States primarily targeting African Americans. |
| Offering Information Company has | |||
| Trading As | ROIA (NASNTL) | Industry | Telecommunications (SIC 4832) |
| Type of Stock Offered | Common Shares | Filing Date | 03/12/1999 |
| Domestic Shares Offered | 6,500,000 | Offer Date | 05/05/1999 |
| Foreign Shares Offered | 0 | Filing Range | $22.00 - $24.00 |
| Company Shares | 4,782,840 | Offer Price | $24.00 |
| Selling Shrhldrs Shares | 1,717,160 | Gross Spread | $1.620 |
| Gross Proceeds | $156,000,000 | Selling | $0.970 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 17,452,829 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| Nationsbanc Montgomery Securities, Inc. | Co-manager | (415) 627-2100 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 12/31/1998 | ||||
| Revenues | - | - | 23.702 | 32.367 | 46.109 | - | - |
| Income from Oper. | - | - | 3.720 | 5.536 | 10.363 | - | - |
| Net Income | - | - | -3.609 | -2.959 | 0.841 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 36.56 | 42.457 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | 15.69 | 17.10 | 22.48 | - | - |
| Net Profit Margin (%) | - | - | - | - | 1.82 | - | - |
| Cash Flow - Oper. | 9.30 | - | - | ||||
| Cash Flow - Inv. | -61.17 | - | - | ||||
| Cash Flow - Fin. | 47.83 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 153.86 | Current Assets | 17.64 | Current Ratio | 3.50 |
| Total Liab. | 152.03 | Current Liab. | 5.04 | Debt Ratio | 98.81% |
| Total Equity | 1.83 | Working Cap. | 12.60 | Debt to Equity Ratio | 83.30 |
| Cash | 4.46 | Return on Assets | 0.55% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay amounts borrowed under a bank credit facility, repay amounts borrowed to fund the acquisition of WYCB-AM in Washington, D.C., to redeem senior preferred stock and to increase working capital. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Kirkland & Ellis |
| Bank's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Registrar/Transfer Agent | United States Trust Company of New York |
| Auditor | Arthur Andersen |
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