Radio One has been put on notice by Wall Street once again, as the NASDAQ Stock Market sent notification that the broadcaster's Class D shares had fallen bellow $1/share for 30 straight business days up to October 16. Such a situation would normally call for the Class D stock to be de-listed. However, due to the "unprecedented turmoil in domestic and world financial markets" and "extraordinary market conditions," Radio One has been given a reprieve, as it and any other radio broadcasters and companies in the same situation on Wall Street, will not be de-listed yet.

NASDAQ will spare Radio One until after January 16, at which time the company has 180 days to get its stock above one dollar and remain at that level for ten straight business days.

Last week, Entercom saw its stock dropped from the Standard & Poor index. Entercom's stock was valued at #400 in the S&P MidCap 400 at the close of Thursday, October 16. Additionally, Radio One saw its stock dropped from the S&P SmallCap 600.