Urban One, Inc. Class A Common Stock
UONEUrban One, Inc. Class A (UONE) is a media and entertainment company focused on African American and urban markets. It operates through various radio, digital media, and event properties, aiming to serve diverse audiences with content in music, entertainment, news, and community engagement. The company is known for its radio stations and multimedia platforms that highlight culture and lifestyle relevant to urban communities.
Company News
Urban One is offering to exchange its existing 7.375% Senior Secured Notes due 2028 for new 7.625% Senior Secured Notes due 2031, along with a tender offer to purchase up to $185 million in notes and a subscription offer for new first lien senior secured notes.
Urban One reported a 16% revenue decline across all segments, reduced full-year EBITDA guidance, and experienced challenges in radio broadcasting, digital media, and reach media due to decreased advertising demand and DEI spending.
SENDING HUGE CONGRATULATIONS TO ONE SOLUTION, TV ONE, AND PARTNERS! SENDING HUGE CONGRATULATIONS TO ONE SOLUTION, TV ONE, AND PARTNERS!
