EMPLOYMENT AGREEMENT AMENDMENT AND MODIFICATION
 
Radio One, Inc. (“Company”), a Delaware corporation having its principal place
of business at 5900 Princess Garden Parkway, Lanham, Maryland, and Barry A. Mayo
(“Employee”), an individual residing at 300 Massachusetts Avenue, NW,
Washington, D.C., hereby agree to amend and modify that certain Employment
Agreement (“Agreement”) made and entered into as of the 6th day of August, 2007,
as follows:

1.  
Amendment to Section 5. Section 5 of the Agreement hereby is amended by adding
the following subsection (d) thereto:

 
5.            Compensation.
 
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(d)
Bonus Payment Schedule.  Any bonus payments due Employee pursuant to
subsection (b) hereof shall be made to Employee as a cash lump sum no later than
the end of the quarter following the quarter during which the bonus was
earned.  Any bonus payments due Employee pursuant to subsection (c) hereof shall
be made to Employee as a cash lump sum no later than March 15th following the
end of the calendar year during which the incentive compensation was earned.

 
2.  
Amendment to Section 11. Section 11 of the Agreement hereby is amended by adding
the following subsections (f) and (g) thereto:

 
 
11.
Termination.

 
 
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(f)
To the extent any severance payments due Employee pursuant to subsection (b)
hereof shall be treated as deferred compensation under Section 409A of the
United States Internal Revenue Code of 1986, as amended, and the Treasury
Regulations (including proposed regulations) and guidance promulgated thereunder
(collectively, “Code Section 409A”), payment of such amount shall be delayed
until the first day of the seventh month following the date of Employee’s
termination, but only to the extent that such delay is necessary in order to
avoid penalties under Code Section 409A with respect to payments to a Specified
Employee, as defined in Treasury Regulations Section 1.409A-1(i) upon Separation
from Service, as defined in Treasury Regulations Section 1.409A-1(h).

 
 
(g)
As used in this Section 11, the term “Employee’s termination” shall mean a
“Separation from Service” as defined in Code Section 409A.

 
3.  
Amendment to Section 20. Section 20 of the Agreement hereby is amended by adding
the following subsection (h) thereto:

 
 
20.
Miscellaneous Provisions.

 
 
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(h)
Amendment to Comply with Section 409A of the Internal Revenue Code. To the
extent that this Agreement or any part thereof is deemed to be a nonqualified
deferred compensation plan subject to Code Section 409A, (a) the provisions of
this Agreement shall be interpreted in a manner to the maximum extent possible
to comply in good faith with Code Section 409A, and (b) the parties hereto agree
to amend this Agreement for purposes of complying with Code Section 409A
promptly upon issuance of any Treasury regulations or guidance thereunder,
provided that any such amendment shall not materially change the present value
of the benefits payable to the Employee hereunder or otherwise materially
adversely affect the Employee, Company, or any affiliate of Company, without the
consent of such party.

 
Except as expressly set forth herein, all other terms and conditions of the
Agreement shall remain as set forth therein.

IN WITNESS WHEREOF, the parties have executed this Employment Agreement
Amendment and Modification to be effective as of the 7th day of October, 2008.
    
RADIO ONE, INC.                                                        BARRY A.
MAYO

By:                                                                             Signature:                                                                           
Linda J. Vilardo

Title:                Vice
President                                                       Address:   300
Massachusetts Avenue, NW
   Washington, D.C.  20001

Date:         December 08,
2008                                      Date:    December 08, 2008