Radio One, Inc. 2008 Second Quarter Results Conference Call and FCC Enforcement Bureau Requested to Stop Sirius Satellite Radio's Unauthorized TV Broadcasting and Investigate Sirius's Misuse of SDARS Spectrum

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City of Industry, CA --(www.USEquityNews.com)-- 07/14/2008 - Broadcasting industry alert provided by U.S. Equity News. Radio One, Inc. (NASDAQ:ROIAK) will be holding a conference call for investors, analysts and other interested parties to discuss its results for the second fiscal quarter of 2008. The conference call is scheduled for Tuesday, August 5, 2008 10:00 a.m. Eastern Daylight Time. To participate on this call, U.S. callers may dial toll-free 1-877-336-1839; international callers may dial direct (+1) 636-651-0008. The Access Code for this call is 4103116. Access to live audio and a replay of the conference call will also be available on Radio One's corporate website at www.radio-one.com under the Investor Relations section of the webpage. The replay will be made available on the website for seven days after the call.


XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) said Friday it has agreed to an interest rate increase for its senior notes due 2009 upon the company's acquisition by rival Sirius Satellite Radio Inc. The interest rate for the $400 million in 1.75 percent convertible senior notes due 2009 will be raised to 10 percent a year. The noteholders have also agreed not to claim that the acquisition represents a "fundamental change" that would require XM to offer to repurchase the notes. As a result, XM no longer plans to offer to swap new convertible senior notes for the existing convertible notes. XM shares fell 12 cents to $7.94 in morning trading.

The Federal Communications Commission's (FCC) Enforcement Bureau has been asked to issue an order stopping Sirius Satellite Radio's (NASDAQ: SIRI)unauthorized satellite live television broadcasting using spectrum that the Commission licensed exclusively for satellite radio broadcasting, and to conduct an investigation into Sirius's misuse of spectrum. According to a related filing with the FCC, Sirius's misuse of spectrum, combined with its proposed SDARS monopoly with XM, would amount to a multi-billion windfall at the expense of federal taxpayers, based on the difference between the combined price paid by Sirius and XM for their SDARS spectrum and the value of comparable spectrum allocated for multiple uses under rules permitting a monopoly.

247MGI, Inc. (OTC: TOFS) is pleased to announce it has been working to help resolve pending and past legal actions against the company. The Company is pleased to announce the pending issue with Dr. Martin Peskin has been resolved and a settlement agreement has been entered into and filed with the courts. The Company currently does not have any pending legal actions at this time and is working to resolve matters resulting from a prior Stock Purchase Agreement the Company entered into in 2003 to avoid any further legal action. With no pending legal actions 247MGI has been in talks with several candidates to join the Company as Officers and Directors.

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