"infoUSA's leadership in database marketing is renown and we're honored to be chosen to help them with this first-ever capability," says Darrin Clement, president of Maponics. "Their customers now have one more reason to rely on infoUSA as the best place for marketing lists."

"We looked at other providers, but Maponics' quality was by far the highest," said John Coopenhaver. "In particular, their neighborhoods have distinct boundary lines, not the overlapping ones that other company's offer. This ensures that users don't purchase duplicate copies of the same address. That can happen when boundaries are allowed to overlap and individual addresses fall into two different neighborhoods at the same time. The Maponics neighborhood data captures three levels of neighborhoods: sub-neighborhoods, neighborhoods, and macro-neighborhoods. This gives our users the flexibility to target very broad or very micro neighborhoods."

About Maponics

Maponics specializes in mapping services and map data for businesses. America's largest corporations entrust Maponics with their mapping and data needs - including 20 percent of the Fortune 500. Maponics is located in Norwich, Vermont, with customers throughout the U.S. and Canada. Learn more at www.maponics.com.

Contact Maponics today at 800-762-5158 to discuss how local map data such as neighborhood, carrier route, or ZIP Code boundaries can improve your users' experience.

About infoGROUP

infoGROUP (www.infoGROUP.com) (NASDAQ: IUSA), founded in 1972, is the leading provider of business and consumer databases for sales leads & mailing lists, database marketing services, data processing services and sales and marketing solutions. Content is the essential ingredient in every marketing program, andinfoGROUP has the most comprehensive data in the industry, and is the only company to own 12 proprietary databases under one roof. The infoGROUP database powers the directory services of the top Internet traffic-generating sites. Nearly 4 million customers use infoGROUP products and services to find new customers, grow their sales, and for other direct marketing, telemarketing, customer analysis and credit reference purposes. infoGROUP headquarters are located at 5711 S. 86th Circle, Omaha, NE 68127 and can be contacted at (402) 593-4500. To know more about Sales Leads, click www.infoGROUP.com.

Statements in this announcement other than historical data and information constitute forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, but are not limited to, recent changes in senior management, the successful integration of recent and future acquisitions, fluctuations in operating results, failure to successfully carry out our Internet strategy or to grow our Internet revenue, effects of leverage, changes in technology and increased competition. More information about potential factors that could affect the company's business and financial results is included in the company's filings with the Securities and Exchange Commission.

SOURCE: infoGROUP

infoGROUP 
Lisa Olson, 402-593-4541 
Senior Vice President, Corporate Relations 
E-Mail:lisa.olson@infogroup.com

National revenues continue to be a drag on our radio business (down 17% YTY), mitigated somewhat by increased political revenues (up 319% YTY). The automotive category continues to show sharp declines, down 37% YTY, which accounts for over 10% of our business. After adjusting for asset impairments and other one-time items, we reduced our operating expenses by 3% for the quarter compared to previous third quarter.

The integration of Community Connect Inc. has been achieved as planned, and we now have in excess of eight million monthly unique visitors to our online properties, viewing over 500 million pages each month. Our ability to provide advertising clients with access to 82% of all African Americans across a platform of radio, TV, online and print gives us a unique niche in the market, and puts us in a strong position for the long term."

RESULTS OF OPERATIONS
                                                                         Three Months Ended September 30,                     Nine Months Ended September 30,
                                                                         2008                        2007                     2008                        2007
                                                                                                     (as adjusted)(2)                                     (as adjusted)(2)
STATEMENT OF OPERATIONS                                                  (unaudited)                                          (unaudited)
                                                                         (in thousands)                                       (in thousands)
NET REVENUE                                                              $       86,156              $         88,214         $       242,086             $         244,874
OPERATING EXPENSES
Programming and technical                                                        21,477                        18,547                 61,273                        54,461
Selling, general and administrative                                              30,012                        27,760                 82,019                        75,094
Corporate selling, general and administrative                                    6,729                         4,633                  30,687                        20,293
Stock-based compensation                                                         415                           913                    1,372                         2,505
Depreciation and amortization                                                    5,222                         3,664                  14,057                        11,047
Impairment of long-lived assets                                                  337,936                       -                      337,936                       5,506
Total operating expenses                                                         401,791                       55,517                 527,344                       168,906
Operating (Loss) Income                                                          (315,635)                     32,697                 (285,258)                     75,968
INTEREST INCOME                                                                  (111)                         (292)                  (442)                         (853)
INTEREST EXPENSE                                                                 14,130                        18,400                 46,549                        55,047
GAIN ON RETIREMENT OF DEBT                                                       (5,679)                       -                      (6,694)                       -
EQUITY IN LOSS OF AFFILIATED COMPANY(3)                                          1,119                         2,903                  3,918                         10,209
OTHER EXPENSE, net                                                               49                            15                     93                            23
(Loss) income before (benefit) provision from income taxes, minority             (325,143)                     11,671                 (328,682)                     11,542
interest in income of subsidiaries and discontinued operations
(BENEFIT) PROVISION FROM INCOME TAXES                                            (59,651)                      5,513                  (40,992)                      6,164
MINORITY INTEREST IN INCOME OF SUBSIDIARIES                                      1,260                         1,274                  3,141                         3,099
Net (Loss) Income from continuing operations                                     (266,752)                     4,884                  (290,831)                     2,279
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax
                                                                                 639                           (194)                  (5,808)                       (5,642)
Net (Loss) Income                                                        $       (266,113)           $         4,690          $       (296,639)           $         (3,363)
Weighted average shares outstanding - basic(4)                                   94,537,081                    98,710,633             97,219,115                    98,710,633
Weighted average shares outstanding - diluted(5)                                 94,537,081                    98,725,387             97,219,115                    98,710,633

                                                                   Three Months Ended September 30,                    Nine Months Ended September 30,
                                                                   2008                       2007                     2008                       2007
                                                                                              (as adjusted)(2)                                    (as adjusted)(2)
                                                                   (unaudited)                                         (unaudited)
                                                                   (in thousands, except per share                     (in thousands, except per share
                                                                   data)                                               data)
PER SHARE DATA - basic and diluted:
(Loss) income from continuing operations per share (basic)         $       (2.82)             $         0.05           $       (2.99)             $         0.02      *
Income (loss) from discontinued operations per share (basic)       $       0.01               $         (0.00)         $       (0.06)             $         (0.06)    *
Net (loss) income per share (basic)                                $       (2.81)             $         0.05           $       (3.05)             $         (0.03)    *
Income from continuing operations per share (diluted)                      N/A                $         0.05                   N/A                          N/A
Loss from discontinued operations per share (diluted)                      N/A                $         (0.00)                 N/A                          N/A
Net income per share (diluted)                                             N/A                $         0.05                   N/A                          N/A
SELECTED OTHER DATA
Station operating income (1)                                       $       34,667             $         41,907         $       98,794             $         115,319
Station operating income margin (% of net revenue)                         40.2%                        47.5%                  40.8%                        47.1%
Station operating income reconciliation:
Net (loss) income                                                  $       (266,113)          $         4,690          $       (296,639)          $         (3,363)
Plus: Depreciation and amortization                                        5,222                        3,664                  14,057                       11,047
Plus: Corporate selling, general and administrative expenses               6,729                        4,633                  30,687                       20,293
Plus: Stock-based compensation                                             415                          913                    1,372                        2,505
Plus: Equity in loss of affiliated company(3)                              1,119                        2,903                  3,918                        10,209
Plus: (Benefit) provision from income taxes                                (59,651)                     5,513                  (40,992)                     6,164
Plus: Minority interest in income of subsidiaries                          1,260                        1,274                  3,141                        3,099
Plus: Interest expense                                                     14,130                       18,400                 46,549                       55,047
Plus: Impairment of long-lived assets                                      337,936                      -                      337,936                      5,506
Plus: Other expense                                                        49                           15                     93                           23
Less: Gain on retirement of debt                                           (5,679)                      -                      (6,694)                      -
Less: (Income) loss from discontinued operations, net of tax               (639)                        194                    5,808                        5,642
Less: Interest income                                                      (111)                        (292)                  (442)                        (853)
Station operating income                                           $       34,667             $         41,907         $       98,794             $         115,319
Adjusted EBITDA(6)                                                 $       27,938             $         37,274         $       68,107             $         95,026
Adjusted EBITDA reconciliation:
Net (loss) income                                                  $       (266,113)          $         4,690          $       (296,639)          $         (3,363)
Plus: Depreciation and amortization                                        5,222                        3,664                  14,057                       11,047
Plus: (Benefit) Provision from income taxes                                (59,651)                     5,513                  (40,992)                     6,164
Plus: Interest expense                                                     14,130                       18,400                 46,549                       55,047
Less: Interest income                                                      (111)                        (292)                  (442)                        (853)
EBITDA                                                             $       (306,523)          $         31,975         $       (277,467)          $         68,042
Plus: Equity in loss of affiliated company(3)                              1,119                        2,903                  3,918                        10,209
Plus: Minority interest in income of subsidiaries                          1,260                        1,274                  3,141                        3,099
Plus: Impairment of long-lived assets                                      337,936                      -                      337,936                      5,506
Plus: Stock-based compensation                                             415                          913                    1,372                        2,505
Plus: Other expense                                                        49                           15                     93                           23
Less: Gain on retirement of debt                                           (5,679)                      -                      (6,694)                      -
Less: (Income) loss from discontinued operations, net of tax               (639)                        194                    5,808                        5,642
Adjusted EBITDA                                                    $       27,938             $         37,274         $       68,107             $         95,026
*Per share amounts do not add due to rounding.

                                                      September 30, 2008                December 31, 2007
                                                      (unaudited)                       (as adjusted)(2)
SELECTED BALANCE SHEET DATA:                          (in thousands)
Cash and cash equivalents                             $              30,393             $               24,247
Intangible assets, net                                               1,032,094                          1,310,321
Total assets                                                         1,246,205                          1,663,342
Total debt (including current portion)                               765,149                            815,504
Total liabilities                                                    920,876                            1,030,736
Total stockholders' equity                                           324,204                            628,717
Minority interest in subsidiaries                                    1,125                              3,889
                                                      Current Amount Outstanding        Applicable Interest Rate (a)
                                                      (in thousands)
SELECTED LEVERAGE AND SWAP DATA:
Senior bank term debt (swap matures 6/16/2010) (a)    $              25,000                             6.27%
Senior bank term debt (swap matures 6/16/2012) (a)                   25,000                             6.47%
Senior bank term debt (at variable rates) (b)                        124,400                            4.81%
Senior bank revolving debt (at variable rates) (b)                   141,500                            5.40%
8-(7)/8% senior                                                      248,900                            8.88%
subordinated notes (fixed rate)
6-(3)/8% senior                                                      200,000                            6.38%
subordinated notes (fixed rate)
Capital lease obligation                                             361                                6.24%

  (a)    A total of $50.0 million is subject to fixed rate swap
         agreements that became effective in June 2005. Under our fixed
         rate swap agreements, we pay a fixed rate plus a spread based on
         our leverage ratio, as defined in our Credit agreement. That
         spread is currently set at 2.00% and is incorporated into the
         applicable interest rates set forth above.
  (b)    Subject to rolling three month and six month LIBOR plus a
         spread currently at 2.00% and incorporated into the applicable
         interest rate set forth above. This tranche is not covered by swap
         agreements described in footnote (a).

Cautionary Note Regarding Forward-Looking Statements

This press release includes 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. Forward-looking statements represent management's current expectations and are based upon information available to Radio One at the time of this release. These forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond Radio One's control, that may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially are described in Radio One's reports on Forms 10-K, and 10-Q and other filings with the Securities and Exchange Commission. Radio One does not undertake any duty to update any forward-looking statements.

Net revenue decreased to approximately $86.2 million for the quarter ended September 30, 2008, from approximately $88.2 million for the same period in 2007, a decrease of 2%. In April 2008, we acquired Community Connect Inc. ("CCI"), an online social networking company, which resulted in the consolidation of approximately $4.1 million in net revenue from their operations during the quarter. However, declines in our radio revenues more than offset the additional revenue from CCI. Consistent with the overall declines in the markets in which we operate, we experienced a decrease in radio net revenue, with national revenue continuing to drive a significant portion of the decline. Our Atlanta market experienced a considerable net revenue decline, and we experienced more modest declines in our Raleigh-Durham, Washington, DC, Cleveland and Dallas markets. These declines were offset in part from net revenue growth in our Philadelphia market, as well as increased net revenue from new syndicated programs and internet revenue from station websites. Reach Media experienced a decline in revenue due to TV licensing revenue which ended in 2007, and less revenue from fewer and smaller sponsored events. Net revenue is reported net of agency and outside sales representative commissions of approximately $9.2 million and $10.0 million for the quarters ended September 30, 2008 and 2007, respectively. Excluding the approximately $4.1 million in net revenue generated by CCI, net revenue declined 6.9% for the quarter ended September 30, 2008, compared to the same period in 2007.

Operating expenses, excluding depreciation and amortization, stock-based compensation and impairment of long-lived assets increased to approximately $58.2 million from approximately $50.9 million for the quarters ended September 30, 2008 and 2007, respectively, an increase of 14%. Approximately $4.1 million of the increase resulted from consolidating the operating results of CCI. Contributing to the increase is an approximate $2.4 million retention bonus reduction recorded during the third quarter 2007 for the former Chief Financial Officer, given his early departure in December 2007. Other increases in operating expenses resulted from approximately $1.8 million in additional spending on our internet initiative, additional research associated with Arbitron's new portable people meter methodology ("PPM"), higher on-air talent expenses, mainly for new syndicated shows, additional bad debts expense, driven in part by a client bankruptcy and $490,000 in severance and other one-time costs associated with a recent reduction of the Company's radio division workforce. Through cost reduction efforts, we realized savings in the areas of marketing and promotions, events spending, legal and professional, travel and entertainment, and benefits resulting from the suspension of our 401(k) match program. In addition, we also spent less in revenue variable expenses such as commissions and national representative fees. Excluding the approximately $1.8 million additional spending on our internet initiative, CCI's $4.1 million in operating expenses, the $490,000 in one-time restructuring expense, and adjusting for the 2007 $2.4 million retention bonus reduction, operating expenses declined 3% for the three months ended September 30, 2008, compared to the same period in 2007.

Stock-based compensation decreased to $415,000 from $913,000 for the quarters ended September 30, 2008 and 2007, respectively, a decline of 55%. Stock-based compensation consists of expenses associated with our January 1, 2006 adoption of Statement of Financial Accounting Standards ("SFAS") No. 123(R), "Share-Based Payment," and expenses associated with restricted stock grants. The decrease in stock-based compensation was due to a significant decline in the Company's stock price, forfeitures and cancellations for former employees and the completion of the vesting period for certain stock options. The decrease was offset in part due to expense for additional stock options and restricted stock grants associated with new employment agreements for the Chief Executive Officer, the Founder and Chairperson and the Chief Financial Officer.

Depreciation and amortization expense increased to approximately $5.2 million compared to approximately $3.7 million for the quarters ended September 30, 2008 and 2007, respectively, an increase of 43%. The consolidation of CCI's operating results accounted for approximately $1.4 million of the increase, including an amount of approximately $1.0 million in amortization expense associated with certain assets acquired as part of that acquisition, mainly registered membership lists, advertiser relationships and a favorable office lease. Additional depreciation and amortization for capital expenditures made subsequent to September 30, 2007 were offset in part by a decrease in amortization expense associated with certain affiliate agreements acquired as part of our February 2005 purchase of 51% of Reach Media.

Impairment of long-lived assets was approximately $337.9 million for the quarter ended September 30, 2008, compared to no charge for the same period in 2007. The amount relates to non-cash impairment charges recorded to reduce the carrying value of radio broadcasting licenses to their estimated fair values. The impairments occurred in 11 of our 16 markets, namely in Charlotte, Cincinnati, Cleveland, Columbus, Dallas, Houston, Indianapolis, Philadelphia, Raleigh-Durham, Richmond and St. Louis. The impairments are driven in large part by slower revenue growth at the industry and market levels, declining radio station transaction multiples and a higher cost of capital. The recent and gradual decline in values for long-lived assets such as licenses and other intangibles are neither unique nor specific to our individual markets. This trend has impacted the valuations of the industry as a whole, and has impacted other broadcast and traditional media companies.

Interest expense decreased to approximately $14.1 million for the quarter ended September 30, 2008, from approximately $18.4 million for the same period in 2007, a decline of 23%. The decrease in interest expense resulted primarily from interest savings associated with lower net borrowings due to debt paydowns and bond redemptions and lower interest rates which impacted the variable portion of our debt. Interest expense savings was also driven by the absence of fees incurred with the operation of WPRS-FM (formerly WXGG-FM) pursuant to a local marketing agreement ("LMA") that began in April of 2007. LMA fees are classified as interest expense, and we closed on the purchase of WPRS-FM in June 2008 for approximately $38.0 million in cash.

Gain on retirement of debt was approximately $5.7 million for the quarter ended September 30, 2008, compared to no activity for the same period in 2007. The gain on retirement of debt was due to the redemption of $43.1 million of the Company's previously outstanding $292.0 million 8(7)/8 senior subordinated notes due July 2011. An amount of $248.9 million remained outstanding as of September 30, 2008.

Equity in losses of affiliated company decreased to approximately $1.1 million for the quarter ended September 30, 2008, from approximately $2.9 million for the same period in 2007, a decline of 62%. The amounts are attributable to our share of losses generated by TV One, LLC ("TV One") for the quarters ended September 30, 2008 and 2007, respectively. The Company's share of TV One's income or losses is driven by TV One's current capital structure and the Company's ownership levels in the equity securities of TV One that are currently absorbing its net income or losses. An adjustment was made to equity in loss of affiliated company for the quarter ended September 30, 2007 to correct for a change in TV One's capital structure. Pursuant to Staff Accounting Bulletin ("SAB") 99, "Materiality" and SAB 108, "Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements," we increased the previously reported equity in loss of affiliated company for the three month period ended September 30, 2007 by $110,000 and increased the previously reported equity in loss of affiliated company for the nine month period ended September 30, 2007 by approximately $2.7 million.

Benefit from income taxes was approximately $59.7 million for the quarter ended September 30, 2008, compared to a provision for income taxes of approximately $5.5 million for the quarter ended September 30, 2007. In prior years, we recorded a deferred tax liability ("DTL") related to the amortization of indefinite-lived assets that are deducted for tax purposes, but not deducted for book purposes. Also in prior years, the Company generated deferred tax assets ("DTAs"), mainly federal and state net operating loss ("NOLs") carryforwards. In the fourth quarter of 2007, except for DTAs in its historically profitable filing jurisdictions, and DTAs associated with definite-lived assets, the Company recorded a full valuation allowance for all other DTAs, including NOLs, as it was determined that more likely than not, the DTAs would not be realized. As such, the benefit from income taxes for the current quarter was offset partially by recording a full valuation allowance against the additional NOLs generated from the tax deductible amortization of indefinite-lived assets, as well as a full valuation recorded against DTAs created by the intangible asset impairment charges recorded in the current quarter. The current quarter tax benefit and offsetting valuation allowances resulted in an effective tax rate for the three months ended September 30, 2008 of 18.4%, and an estimated annual effective tax rate 12.5%.

Income from discontinued operations, net of tax, was $639,000 for the quarter ended September 30, 2008, compared to a loss of $194,000 for the same period in 2007. Included in the income or loss from discontinued operations, net of tax, are the results of operations for our sold stations, which included our Los Angeles, Miami, Augusta, Louisville, Dayton, Minneapolis and Boston WILD-FM stations. The income or loss from discontinued operations, net of tax, includes a tax benefit of $716,000 for the three months ended September 30, 2008, compared to a tax provision of approximately $2.7 million for the same period in 2007.

Other pertinent financial information includes capital expenditures of approximately $2.8 million and $1.4 million for the quarters ended September 30, 2008 and 2007, respectively. Additionally, as of September 30, 2008, Radio One had total debt (net of cash balances) of approximately $734.8 million.

In September 2008, the Company's 51% owned subsidiary, Reach Media, through its board of directors, declared a common stock dividend of $5.0 million. The dividend was paid in October 2008. Fifty-one percent of the dividend, or approximately $2.5 million was paid to the Company and 49%, also approximately $2.5 million was paid to the Reach Media minority shareholders.

Throughout the quarter ended September 30, 2008, the Company redeemed $43.1 million of its previously outstanding $292.0 million 8(7)/8 senior subordinated notes due July 2011. The redemption resulted in an approximately $5.7 million gain on the sale of retirement of debt, and an amount of $248.9 million remained outstanding as of September 30, 2008.

In March 2008, the Company's board of directors authorized a repurchase of shares of the Company's Class A and Class D common stock through December 31, 2009 of up to $150.0 million, the maximum amount allowable under the Credit Agreement. The amount and timing of such repurchases will be based on pricing, general economic and market conditions, and the restrictions contained in the agreements governing the Company's credit facilities and subordinated debt and certain other factors. While $150.0 million is the maximum amount allowable under the Credit Agreement, in 2005 under a prior board authorization, the Company utilized approximately $78.0 million to repurchase common stock leaving capacity of $72.0 million under the Credit Agreement. During the period ended September 30, 2008, the Company repurchased 421,661 shares of Class A common stock at an average price of $1.32 and 8.8 million shares of Class D common stock at an average price of $0.99. For the nine months ended September 30, 2008, the total amount spent in shares repurchased was approximately $9.2 million. As of September 30, 2008, the Company had $62.8 million in capacity available under the share repurchase program taking into account the limitations of the Credit Agreement and prior repurchase activity.

Supplemental Financial Information:

For comparative purposes, the following more detailed, unaudited and adjusted statements of operations for the three and nine months ended September 30, 2008 and 2007 are included. These detailed, unaudited and adjusted statements of operations include certain reclassifications associated with accounting for discontinued operations. These reclassifications had no effect on previously reported net income or loss, or any other previously reported statements of operations, balance sheet or cash flow amounts. In addition, an adjustment was made to equity in loss of affiliated company for the three and nine months ended September 30, 2007 to correct for a change in TV One's capital structure. Pursuant to SAB 99, "Materiality" and SAB 108, "Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements," we increased the previously reported equity in loss of affiliated company for the three month period ended September 30, 2007 by $110,000 and increased the previously reported equity in loss of affiliated company for the nine month period ended September 30, 2007 by approximately $2.7 million.

                                                                        Three Months Ended September 30, 2008
                                                                        (in thousands, unaudited, as adjusted)
                                                                        Consolidated           Radio One            Reach           Internet/           Corporate/
                                                                                                                    Media           Publishing          Eliminations/Other
STATEMENT OF OPERATIONS:
NET REVENUE                                                             $       86,156         $     66,750         $   14,929      $      5,576        $          (1,099)
OPERATING EXPENSES:
Programming and technical                                                       21,477               14,273             4,781              3,373                   (950)
Selling, general and administrative                                             30,012               21,248             4,212              5,297                   (745)
Corporate selling, general and administrative                                   6,729                -                  1,819              -                       4,910
Stock-based compensation                                                        415                  26                 -                  39                      350
Depreciation and amortization                                                   5,222                2,474              1,001              1,433                   314
Impairment of long-lived assets                                                 337,936              337,936            -                  -                       -
Total operating expenses                                                        401,791              375,957            11,813             10,142                  3,879
Operating (loss) income                                                         (315,635)            (309,207)          3,116              (4,566)                 (4,978)
INTEREST INCOME                                                                 (111)                -                  (23)               (4)                     (84)
INTEREST EXPENSE                                                                14,130               -                  -                  8                       14,122
GAIN ON RETIREMENT OF DEBT                                                      (5,679)              -                  -                  -                       (5,679)
EQUITY IN LOSS OF AFFILIATED COMPANY                                            1,119                -                  -                  -                       1,119
OTHER EXPENSE, net                                                              49                   49                 -                  -                       -
(Loss) Income before benefit from income taxes, minority interest in            (325,143)            (309,256)          3,139              (4,570)                 (14,456)
income of subsidiaries and discontinued operations
BENEFIT FROM INCOME TAXES                                                       (59,651)             (59,010)           (641)              -                       -
MINORITY INTEREST IN INCOME OF SUBSIDIARIES                                     1,260                1,254              -                  -                       6
Net (Loss) Income from continuing operations                                    (266,752)            (251,500)          3,780              (4,570)                 (14,462)
INCOME FROM DISCONTINUED OPERATIONS, net of tax                                 639                  639                -                  -                       -
Net (Loss) Income                                                       $       (266,113)      $     (250,861)      $   3,780       $      (4,570)      $          (14,462)

                                                                      Three Months Ended September 30, 2007
                                                                      (in thousands, unaudited, as adjusted)
                                                                      Consolidated        Radio One         Reach           Internet/           Corporate/
                                                                                                            Media           Publishing          Eliminations/Other
STATEMENT OF OPERATIONS:
NET REVENUE                                                           $       88,214      $     71,957      $   15,948      $      1,083        $          (774)
OPERATING EXPENSES:
Programming and technical                                                     18,547            13,653          4,965              838                     (909)
Selling, general and administrative                                           27,760            22,028          4,620              1,383                   (271)
Corporate selling, general and administrative                                 4,633             -               1,945              -                       2,688
Stock-based compensation                                                      913               481             -                  43                      389
Depreciation and amortization                                                 3,664             2,238           1,135              10                      281
Total operating expenses                                                      55,517            38,400          12,665             2,274                   2,178
Operating income (loss)                                                       32,697            33,557          3,283              (1,191)                 (2,952)
INTEREST INCOME                                                               (292)             -               (2)                -                       (290)
INTEREST EXPENSE                                                              18,400            300             -                  -                       18,100
EQUITY IN LOSS OF AFFILIATED COMPANY(3)                                       2,903             164             164                -                       2,575
OTHER EXPENSE, net                                                            15                2               -                  13                      -
Income (Loss) before provision for income taxes, minority interest            11,671            33,091          3,121              (1,204)                 (23,337)
in income of subsidiaries and discontinued operations
PROVISION FOR INCOME TAXES                                                    5,513             4,341           1,172              -                       -
MINORITY INTEREST IN INCOME OF SUBSIDIARIES                                   1,274             1,282           -                  -                       (8)
Net Income (Loss) from continuing operations                                  4,884             27,468          1,949              (1,204)                 (23,329)
LOSS FROM DISCONTINUED OPERATIONS, net of tax                                 (194)             (194)           -                  -                       -
Net Income (Loss)                                                     $       4,690       $     27,274      $   1,949       $      (1,204)      $          (23,329)

                                                                        Nine Months Ended September 30, 2008
                                                                        (in thousands, unaudited, as adjusted)
                                                                        Consolidated           Radio One            Reach           Internet/            Corporate/
                                                                                                                    Media           Publishing           Eliminations/Other
STATEMENT OF OPERATIONS:
NET REVENUE                                                             $       242,086        $     197,809        $   36,794      $      10,613        $          (3,130)
OPERATING EXPENSES:
Programming and technical                                                       61,273               42,134             14,562             7,416                    (2,839)
Selling, general and administrative                                             82,019               65,978             6,350              11,895                   (2,204)
Corporate selling, general and administrative                                   30,687               -                  5,648              -                        25,039
Stock-based compensation                                                        1,372                515                -                  128                      729
Depreciation and amortization                                                   14,057               7,019              2,999              2,960                    1,079
Impairment of long-lived assets                                                 337,936              337,936            -                  -                        -
Total operating expenses                                                        527,344              453,582            29,559             22,399                   21,804
Operating (loss) income                                                         (285,258)            (255,773)          7,235              (11,786)                 (24,934)
INTEREST INCOME                                                                 (442)                -                  (84)               (2)                      (356)
INTEREST EXPENSE                                                                46,549               710                1                  18                       45,820
GAIN ON RETIREMENT OF DEBT                                                      (6,694)              -                  -                  -                        (6,694)
EQUITY IN LOSS OF AFFILIATED COMPANY                                            3,918                -                  -                  -                        3,918
OTHER EXPENSE (INCOME), net                                                     93                   49                 -                  44                       -
(Loss) Income before (benefit) provision from income taxes, minority            (328,682)            (256,532)          7,318              (11,846)                 (67,622)
interest in income of subsidiaries and discontinued operations
(BENEFIT) PROVISION FOR INCOME TAXES                                            (40,992)             (41,877)           885                -                        -
MINORITY INTEREST IN INCOME OF SUBSIDIARIES                                     3,141                3,125              -                  -                        16
Net (Loss) Income from continuing operations                                    (290,831)            (217,780)          6,433              (11,846)                 (67,638)
(LOSS) FROM DISCONTINUED OPERATIONS, net of tax                                 (5,808)              (5,808)            -                  -                        -
Net (Loss) Income                                                       $       (296,639)      $     (223,588)      $   6,433       $      (11,846)      $          (67,638)

                                                                      Nine Months Ended September 30, 2007
                                                                      (in thousands, unaudited, as adjusted)
                                                                      Consolidated         Radio One          Reach           Internet/           Corporate/
                                                                                                              Media           Publishing          Eliminations/Other
STATEMENT OF OPERATIONS:
NET REVENUE                                                           $       244,874      $     205,032      $   38,885      $      2,769        $          (1,812)
OPERATING EXPENSES:
Programming and technical                                                     54,461             39,609           14,926             2,632                   (2,706)
Selling, general and administrative                                           75,094             65,796           7,319              2,374                   (395)
Corporate selling, general and administrative                                 20,293             -                5,870              -                       14,423
Stock-based compensation                                                      2,505              1,488            1                  69                      947
Depreciation and amortization                                                 11,047             6,749            3,399              53                      846
Impairment of long-lived assets                                               5,506              5,506            -                  -                       -
Total operating expenses                                                      168,906            119,148          31,515             5,128                   13,115
Operating income (loss)                                                       75,968             85,884           7,370              (2,359)                 (14,927)
INTEREST INCOME                                                               (853)              -                (18)               -                       (835)
INTEREST EXPENSE                                                              55,047             601              -                  -                       54,446
EQUITY IN LOSS OF AFFILIATED COMPANY(3)                                       10,209             533              538                -                       9,138
OTHER EXPENSE, net                                                            23                 8                -                  13                      2
Income (loss) before provision for income taxes, minority interest            11,542             84,742           6,850              (2,372)                 (77,678)
in income of subsidiaries and discontinued operations
PROVISION FOR INCOME TAXES                                                    6,164              3,640            2,524              -                       -
MINORITY INTEREST IN INCOME OF SUBSIDIARIES                                   3,099              3,067            -                  -                       32
Net Income (Loss) from continuing operations                                  2,279              78,035           4,326              (2,372)                 (77,710)
LOSS FROM DISCONTINUED OPERATIONS, net of tax                                 (5,642)            (5,642)          -                  -                       -
Net (Loss) Income                                                     $       (3,363)      $     72,393       $   4,326       $      (2,372)      $          (77,710)

Radio One will hold a conference call to discuss its results for the third quarter of 2008. This conference call is scheduled for Thursday, November 6, 2008 at 10:00 a.m. Eastern Standard Time. To participate on this call, U.S. callers may dial toll free 1-800-553-0273; international callers may dial direct (+1) 651-291-0618 at least five minutes prior to the scheduled time of the call.

The conference call will be recorded and made available for replay from 12:30 p.m. Eastern Standard Time November 6, 2008 until 11:59 p.m. Eastern Standard Time November 7, 2008. Interested parties may listen to the replay by calling 1-800-475-6701; international callers may dial direct (+1) 320-365-3844. The replay Access Code is 965195. Access to live audio and replay of the conference call will also be available on Radio One's corporate website at www.radio-one.com. The replay will be made available on the website for seven calendar days following the call.

Radio One, Inc. (www.radio-one.com) is one of the nation's largest radio broadcasting companies and the largest radio broadcasting company that primarily targets African-American and urban listeners. Radio One currently owns 53 broadcast stations located in 16 urban markets in the United States. Additionally, Radio One owns Magazine One, Inc. (d/b/a Giant Magazine) (www.giantmag.com), interests in TV One, LLC (www.tvoneonline.com), a cable/satellite network programming primarily to African-Americans, Reach Media, Inc. (www.blackamericaweb.com), owner of the Tom Joyner Morning Show and other businesses associated with Tom Joyner, and Community Connect Inc. (www.communityconnect.com), an online social networking company, which operates a number of branded websites, including BlackPlanet, MiGente, and Asian Avenue.

Notes:
(1)      "Station operating income" consists of net (loss) income before
         depreciation and amortization, corporate expenses, stock based
         compensation, equity in loss of affiliated company, provision
         (benefit) for income taxes, minority interest in income of
         subsidiaries, interest expense, impairment of long-lived assets,
         other (income) expense, gain on retirement of debt, and loss
         (income) from discontinued operations, net of tax. Station operating
         income is not a measure of financial performance under generally
         accepted accounting principles. Nevertheless we believe station
         operating income is often a useful measure of a broadcasting
         company's operating performance and is a significant basis used by
         our management to measure the operating performance of our stations
         within the various markets because station operating income provides
         helpful information about our results of operations apart from
         expenses associated with our physical plant, income taxes,
         investments, debt financings, gain on retirement of debt, overhead,
         stock-based compensation, impairment of long-lived assets, results
         of operations and income (losses) from asset sales. Station
         operating income is frequently used as one of the bases for
         comparing businesses in our industry, although our measure of
         station operating income may not be comparable to similarly titled
         measures of other companies. Station operating income does not
         purport to represent operating income or cash flow from operating
         activities, as those terms are defined under generally accepted
         accounting principles, and should not be considered as an
         alternative to those measurements as an indicator of our
         performance. A reconciliation of operating income to station
         operating income has been provided in this release.
(2)      Certain reclassifications associated with accounting for
         discontinued operations have been made to prior quarter balances to
         conform to the current presentation. These reclassifications had no
         effect on any other previously reported net income or loss or any
         other statement of operations, balance sheet or cash flow amounts.
         Where applicable, these financial statements have been identified as
         "as adjusted".
(3)      An adjustment was made to equity in loss of affiliated company for
         the three and nine months ended September 30, 2007 to correct for a
         change in TV One's capital structure. Pursuant to SAB 99,
         "Materiality" and SAB 108, "Considering the Effects of Prior Year
         Misstatements when Quantifying Misstatements in Current Year
         Financial Statements," we increased the previously reported equity
         in loss of affiliated company for the three month period ended
         September 30, 2007 by $114,000 and increased the previously reported
         equity in loss of affiliated company for the nine month period ended
         September 30, 2007 by approximately $2.7 million.
(4)      For the three months ended September 30, 2008 and 2007, Radio One
         had 94,537,081 and 98,725,387 shares of common stock outstanding on
         a weighted average basis, diluted for outstanding stock options,
         respectively.
(5)      For the nine months ended September 30, 2008 and 2007, Radio One had
         97,219,115 and 98,710,633 shares of common stock outstanding on a
         weighted average basis, diluted for outstanding stock options,
         respectively.
(6)      "Adjusted EBITDA" consists of net (loss) income plus (1)
         depreciation, amortization, provision (benefit) for income taxes,
         interest expense, equity in loss of affiliated company, and
         minority interest in income of subsidiaries, impairment of
         long-lived assets, stock-based compensation, other expense,
         (income) loss from discontinued operations, net of tax, less (2)
         and interest income and gain on retirement of debt. Net income
         before interest income, interest expense, provision (benefit) for
         income taxes, depreciation and amortization is commonly referred
         to in our business as "EBITDA." Adjusted EBITDA and EBITDA are not
         measures of financial performance under generally accepted
         accounting principles. We believe Adjusted EBITDA is often a
         useful measure of a company's operating performance and is a
         significant basis used by our management to measure the operating
         performance of our business because Adjusted EBITDA excludes
         charges for depreciation, amortization and interest expense that
         have resulted from our acquisitions and debt financing, our taxes,
         impairment charges, as well as our equity in loss of our
         affiliated company, gain on retirement of debt, and any
         discontinued operations. Accordingly, we believe that Adjusted
         EBITDA provides useful information about the operating performance
         of our business, apart from the expenses associated with our
         physical plant, capital structure or the results of our affiliated
         company. Adjusted EBITDA is frequently used as one of the bases
         for comparing businesses in our industry, although our measure of
         Adjusted EBITDA may not be comparable to similarly titled measures
         of other companies. Adjusted EBITDA and EBITDA do not purport to
         represent operating income or cash flow from operating activities,
         as those terms are defined under generally accepted accounting
         principles, and should not be considered as alternatives to those
         measurements as an indicator of our performance. A reconciliation
         of net income to EBITDA and Adjusted EBITDA has been provided in
         this release.

SOURCE: Radio One, Inc.

Radio One, Inc. 
Peter D. Thompson, EVP and CFO 
301-429-4638

Arbitron will conduct on-site mall surveys in multiple markets across the United States. This study will be comprised of two parts: adult and teen. The adult study will evaluate the effectiveness of EYE advertising based on demographic information as well as specific questions concerning shopping behavior, shopper segmentation and advertising appeal.

The exit interviews conducted with teenagers will develop Teen Shopper Profiles. In addition to the components of the adult survey, the Teen Shopper Profiles will include media usage, consumer category attitudes and intentions and advertising effectiveness specifically for teens.

"Out-of-home advertisers are looking for new ways to understand unique place-based media," said Carol Edwards, Senior Vice President, Arbitron Custom Research. "In particular, advertisers want to reach teens now to begin building their brand awareness. This custom study will gauge the effectiveness of EYE's platform to provide advertisers with the tools they need to target their audience."

"This study goes beyond mere demographics and aims to provide advertisers with further accountability and insight into the behavior and triggers of the valuable shopper audience," commented David Gibbs, CEO, EYE USA. "EYE is excited to partner with Arbitron on this innovative study."

About EYE

EYE is an international Out-of-Home media company that specializes in mall media in the United States. EYE has offices in and operates Out-of-Home media businesses in Australia, New Zealand, Indonesia, Singapore, the United Kingdom and the United States of America.

Eye Corp Pty Ltd is a wholly owned subsidiary of Ten Network Holdings Limited, a publicly listed company, which operates Australia's TEN television network.

About Arbitron

Arbitron Inc. is a media and marketing research firm serving radio broadcasters, cable companies, advertisers, advertising agencies and outdoor advertising companies. Arbitron's core businesses are measuring network and local market radio audiences across the United States; surveying the retail, media and product patterns of local market consumers; and providing application software used for analyzing media audience and marketing information data. The Company has developed the Portable People Meter, a new technology for media and marketing research.

Through its Scarborough Research joint venture with The Nielsen Company, Arbitron also provides media and marketing research services to the broadcast television, newspaper and online industries.

Arbitron's marketing and business units are supported by its research and technology organization, located in Columbia, Maryland. Its executive offices are located in New York City.

Portable People Meter(TM) and PPM(TM) are marks of Arbitron Inc.

SOURCE Arbitron Inc.

http://www.arbitron.com

Now that Arbitron has commercialized the PPM service in New York and other key markets, we look forward to defending our interests. Broadcasters, agencies, and advertisers need continual PPM audience estimates if radio is to remain competitive in an increasingly complex and crowded media marketplace.

About the Portable People Meter

The Arbitron Portable People Meter system uses a passive audience measurement device -- about the size of a small cell phone -- to track consumer exposure to media and entertainment, including broadcast, cable and satellite television; terrestrial, satellite and online radio as well as cinema advertising and many types of place-based electronic media. Carried throughout the day by randomly selected survey participants, the PPM device can track when and where they watch television, listen to radio as well as how they interact with other forms of media and entertainment.

The PPM detects inaudible codes embedded in the audio portion of media and entertainment content delivered by broadcasters, content providers and distributors. At the end of the day, the meter is placed in a docking station that extracts the codes and sends them to a central computer. The PPM is equipped with a motion sensor, a patented quality control feature unique to the system, which allows Arbitron to confirm the compliance of the PPM survey participants every day.

About Arbitron

Arbitron Inc. (NYSE: ARB) is a media and marketing research firm serving the media -- radio, television, cable, online radio and out-of-home -- as well as advertisers and advertising agencies in the United States. Arbitron's core businesses are measuring network and local market radio audiences across the United States; surveying the retail, media and product patterns of local market consumers; and providing application software used for analyzing media audience and marketing information data. The company has developed the Portable People Meter, a new technology for media and marketing research.

Through its Scarborough Research joint venture with The Nielsen Company, Arbitron provides additional media and marketing research services to the broadcast television, newspaper and online industries.

Arbitron's marketing and business units are supported by a world-renowned research and technology organization located in Columbia, Maryland. Arbitron's executive offices are located in New York City.

Portable People Meter(TM) and PPM(TM) are marks of Arbitron Inc.

Arbitron Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding Arbitron Inc. and its subsidiaries in this document that are not historical in nature, particularly those that utilize terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes," or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which we have derived from information currently available to us. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. These risks and uncertainties include, in no particular order, whether we will be able to:

    --  successfully implement the commercialization of our Portable People
        Meter(TM) service;
    --  successfully maintain industry usage of our services in light of
        governmental regulation, legislation, litigation, activism or adverse
        public relations efforts prompted by various industry groups and market
        segments;
    --  successfully design, recruit and maintain PPM panels that appropriately
        balance research quality, panel size and operational cost;
    --  complete the Media Rating Council ("MRC") audits of our local
        market PPM ratings services in a timely manner and successfully obtain
        and/or maintain MRC accreditation for our audience measurement business;
    --  renew contracts with large customers as they expire;
    --  successfully execute our business strategies, including entering into
        potential acquisition, joint-venture or other material third-party
        agreements;
    --  effectively manage the impact, if any, of any further ownership shifts
        in the radio and advertising agency industries;
    --  respond to rapidly changing technological needs of our customer base,
        including creating new proprietary software systems and new customer
        products and services that meet these needs in a timely manner;
    --  successfully manage the impact on our business of any economic downturn,
        generally, and in the advertising market, in particular;
    --  successfully manage the impact on costs of data collection due to lower
        respondent cooperation in surveys, privacy concerns, consumer trends,
        technology changes and/or government regulations; and
    --  successfully develop and implement technology solutions to measure new
        forms of audio content and delivery, multimedia and advertising in an
        increasingly competitive environment.

There are a number of additional important factors that could cause actual events or our actual results to differ materially from those indicated by such forward-looking statements, including, without limitation, the risk factors set forth in the caption "ITEM 1A. -- RISK FACTORS" in our Annual Report on Form 10-K for the year ended December 31, 2007, and elsewhere, and any subsequent periodic or current reports filed by us with the Securities and Exchange Commission.

In addition, any forward-looking statements contained in this document represent our estimates only as of the date hereof, and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

SOURCE Arbitron Inc.

http://www.arbitron.com