Radio One Announces Results of 2009 Annual Shareholders' Meeting

from radio-one.com

WASHINGTON, Dec 22, 2009 /PRNewswire-FirstCall via COMTEX/ -- Radio One, Inc. (Nasdaq: ROIA and ROIAK) today reported the results of various proposals voted upon at its 2009 Annual Shareholders' Meeting held December 16, 2009 in Greenbelt, Maryland. http://phx.corporate-ir.net/phoenix.zhtml?c=63747&p=irol-newsArticle_print&ID=1368747&highlight=

Terry L. Jones and Brian W. McNeill were elected as Class A directors to serve until the 2010 annual meeting of shareholders or until their successors are duly elected and qualified.

Catherine L. Hughes, Alfred C. Liggins, III, D. Geoffrey Armstrong, Ronald E. Blaylock and B. Doyle Mitchell, Jr. were elected as Class B directors to serve until the 2010 annual meeting of shareholders or until their successors are duly elected and qualified.

An amendment to Radio One's certificate of incorporation was approved to effect a reverse stock split across all classes of our common stock by a ratio of not less than one-for-two and not more than one-for-fifty at any time prior to the next annual shareholders' meeting, with the exact ratio to be set at a whole number within this range as determined by our board of directors in its discretion. While approved by the shareholders, the Board retains the right to determine whether or not to actually effectuate any reverse stock split.

The Radio One 2009 Stock Option and Restricted Stock Plan was approved, to succeed the 1999 Stock Option and Restricted Stock Plan.

The appointment of Ernst & Young LLP as the independent registered