Mediaco Hldg (MDIA) Stock News

MediaCo reported significant audience growth across its television and radio platforms in April-May 2025. EstrellaTV Network's weekday prime time (7p-11p) saw a 35% increase in Persons 18-49 viewership compared to last year. Key shows like Tengo Talento (+19%), Alarma TV (+54%), and 24 Horas Late (+122%) drove this growth. Local television stations showed remarkable gains, with KRCA Los Angeles (+96%), KZJL Houston (+143%), and WGEN Miami (+198%) leading the way. The radio division outperformed market growth, with a 24% increase in Adults 25-54 primetime audience versus the market's 18%. Notable radio performance included KBUE Los Angeles (+56%), KRQB Riverside (+46%), and combined growth in Dallas (38%) and Houston (19%) stations. New York stations WBLS and WQHT achieved 14% combined growth.

Estrella MediaCo (MDIA) has announced two strategic leadership promotions to strengthen its cross-platform growth and multicultural market presence. Rogerio Alves has been elevated to Vice President of Digital Sales – CTV and Audio Streaming, where he will spearhead monetization strategies for the company's digital video and audio portfolio. Sandra Sanchez has been promoted to Vice President of National Sales, taking charge of Estrella's broadcast and digital sales across national spot markets. Both executives will report to Brian Fisher, SVP of Video Sales, who praised their contributions to the company's growth and their ability to deliver results for brands while maintaining multicultural media authenticity.

MediaCo (MDIA) has announced three key senior leadership appointments to drive its multicultural growth strategy. Brian Fisher has been promoted to SVP of Video Sales, bringing extensive experience from major networks like Disney ABC and Turner Broadcasting. Danny Lowry, with 27 years of industry experience, has been elevated to SVP of Audio Sales after successfully leading MediaCo's audio division since 2019. Luis Fernández-Rocha, with over 30 years of Hispanic media experience, joins as SVP of Local Video Sales. These appointments reflect MediaCo's strategic focus on expanding its market presence across both audio and video platforms, particularly in multicultural markets. CEO Albert Rodriguez emphasized that these leaders will be crucial for the company's next growth phase.

MediaCo (NASDAQ: MDIA) showcased its multicultural content strategy at IAB NewFronts 2025, following its acquisition of Estrella Media. The company now reaches 20 million people monthly across video, audio, and events platforms. EstrellaTV reported notable growth, with a 33% surge in April while competitors declined, and an 18% increase in Spanish-language FAST channels. Key announcements include EstrellaTV's new programming slate featuring Don Cheto Al Aire Live and Tengo Talento, Mucho Talento: Nueva Era, plus Tigres Liga MX soccer coverage. The company launched HOT 97 TV FAST Channel with Summer Jam Live Special and Ebro in the Morning Live Show. MediaCo also expanded through partnerships with Hemisphere Media, Curiosity Stream, new EstrellaTV affiliates, and DO IT Outdoors for local advertising solutions.

MediaCo Holding Inc. (NASDAQ: MDIA) and Trace have announced a strategic joint initiative to expand the global reach of Hip Hop and Afro-Urban culture. The partnership, revealed at the Trace Awards & Summit in Zanzibar, combines MediaCo's HOT 97 and WBLS brands with Trace's international media presence.

The collaboration focuses on three key areas:

• Co-producing and distributing exclusive content across digital and streaming platforms
• Co-hosting the Annual Trace Awards and other major events
• Developing new advertising and distribution strategies to increase reach and monetization

This alliance represents the first partnership between a major U.S. Hip Hop platform and a leader in African and global diaspora media, aiming to create a unified platform for music, culture, and community engagement.

MediaCo Holding Inc. (Nasdaq: MDIA) has fully repaid a $7.3 million convertible promissory note held by Emmis Communications in cash. Following this repayment, Emmis representatives have resigned from MediaCo's Board of Directors. The company, formed through the merger of WBLS, Hot97, and Estrella Media network, operates multiple broadcasting assets including FM radio stations and TV stations across major U.S. markets. MediaCo's portfolio includes the Estrella Television Network with over 20,000 hours of original content and 24/7 Spanish-language news, as well as iconic radio stations like WBLS and Hot97.

MediaCo Holding Inc. (Nasdaq: MDIA) has received a deficiency notification from Nasdaq due to its delayed filing of the Q2 2024 Form 10-Q. The company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports. MediaCo has until October 21, 2024 to submit a compliance plan and until February 17, 2025 to regain compliance.

The delay in filing was due to matters described in the Form 12b-25. MediaCo intends to submit a compliance plan and work diligently to file the delayed report. The notice has no immediate effect on the listing of MediaCo's Class A common stock, which continues to trade on The Nasdaq Capital Market under the symbol MDIA.

WhiteHawk Capital Partners announced a $45 million first lien term loan facility with MediaCo Holding on April 17th, 2024. MediaCo used the proceeds to acquire Estrella Media’s network, content, digital, and commercial operations, enhancing its portfolio with Spanish-language video, audio, and digital content. This acquisition expands MediaCo's reach to include Estrella Media's established Mexican radio stations, such as Que Buena Los Angeles and La Raza in Houston and Dallas. The combined footprint positions MediaCo as a leading provider of Spanish and Urban music in both terrestrial radio and audio streaming.

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