Urban One, Inc. Class D Common Stock
UONEKUrban One, Inc. Class D (UONEK) is a media and entertainment company focused on African American consumers, offering a diverse portfolio of radio broadcasting, digital media, and event businesses. It operates numerous radio stations across various markets, providing culturally relevant content, and extends its reach through digital platforms and multimedia initiatives aimed at underserved audiences.
Company News
Urban One, Inc. announced a 10-for-1 reverse stock split for all classes of its common stock, effective January 22, 2026. The reverse split is being conducted to regain compliance with Nasdaq's $1.00 minimum bid price requirement for continued listing. Class A shares will trade under symbol 'UONE' and Class D shares under 'UONEK' following the sp...
Urban One completed a complex financial transaction involving exchanging, tendering, and soliciting notes, with approximately 97.58% of existing notes participating and the company expecting to finalize the settlement around December 18, 2025.
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.
Urban One, Inc. announced its upcoming third quarter 2025 earnings conference call scheduled for November 4, 2025, providing details on participation and replay options for investors and analysts.
