URBAN ONE ENTERS INTO DEFINITIVE AGREEMENT TO SELL WDMK-FM DETROIT AND THREE TRANSLATORS FOR $13.5 MILLION TO BEASLEY BROADCAST GROUP

Press Release

SILVER SPRING, MD. – JUNE 10, 2019 – Urban One, Inc. (Nasdaq: UONEK; UONE) today
announced it has signed a definitive agreement to sell its Detroit, Michigan radio station, WDMKFM
and three translators W228CJ, W252BX, and W260CB for $13.5 million to Beasley Broadcast
Group, Inc. (Nasdaq: BBGI). Urban One, Inc. (urban1.com), together with its subsidiaries, is the
largest diversified media company that primarily targets Black Americans and urban consumers
in the United States. The deal is subject to Federal Communications Commission (“FCC”)
approval and other customary closing conditions.

Urban One has had a presence in the Detroit market since 1998. Urban One CEO Alfred Liggins
stated, “We want to thank the incredibly talented and dedicated staff for their contribution to a
remarkable era in Detroit for Urban One. We are thrilled that Beasley has agreed to continue
airing our syndicated programming, including The Tom Joyner Morning Show, D.L. Hugley
Afternoon Show, Get Up! Mornings with Erica Campbell and The Willie Moore, Jr. Afternoon Show,
allowing Urban One to continue serving the Detroit community of listeners.”

Deal Maintains Urban One Presence in Detroit Market Through its REACH Media Syndicated
Programming

Urban One will continue to operate WGPR-FM under its current Local Marketing Agreement until
the end of the year.