Crossword Genius

Queen alter The Colour of Money for radio (4)

Ross

I believe the answer is:

dido

'queen' is the definition.
(legendary queen of Carthage)

'alter the colour of money for radio' is the wordplay.
I cannot quite understand how this works, but
'of' could be 'o' and 'o' is found in the answer.
The remaining letters 'did' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

(Other definitions for dido that I've seen before include "---- and Aeneas, opera by Purcell" , "Mythological queen" , "Queen < singer" , "Antic" , "Founding queen of Carthage (did next to nothing!)" .)

I've seen this clue in The Times.
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