Welcome to our dedicated page for Mediaco Hldg news (Ticker: MDIA), a resource for investors and traders seeking the latest updates and insights on Mediaco Hldg stock.
MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company in the broadcasting industry, serving multicultural audiences across the United States. Through brands such as Hot 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles, and the Don Cheto Radio Network, MediaCo reports that it reaches over 20 million people monthly via television, radio, digital, and streaming platforms.
This news page aggregates coverage of MediaCo’s announcements across its audio and video businesses. Readers can find updates on programming moves at HOT 97, including new shows such as HOT 97 Mornings with Mero and the expansion of HOT 97 TV into daily live news formats. News items also highlight audience performance across MediaCo’s radio portfolio in markets like New York and Los Angeles, where the company has reported double-digit audience growth in key demographics.
On the television side, MediaCo news frequently focuses on EstrellaTV’s ratings milestones, programming lineup, and sports rights. Recent releases describe record prime-time growth in the P18–49 demographic, driven by franchises such as Tengo Talento Kids, Alarma TV, 100 Latinos Dijeron, and live Liga MX soccer coverage. Additional stories cover EstrellaTV’s broadcast of major Liga MX matches, including the Liga MX Finals, and the network’s broader live sports and streaming initiatives.
MediaCo also issues news about strategic partnerships and alliances, such as its collaboration between EstrellaTV and EVTV Digital Network for real-time reporting from Venezuela, and its agreement with Katz Television Group to represent EstrellaTV stations for national advertising. Corporate updates include leadership promotions across sales, marketing, research, and operations, as well as commentary from executives on the company’s growth across TV, radio, and digital platforms. Investors and media observers can use this page to follow how MediaCo’s brands evolve, how its audience metrics trend, and how new content and partnerships shape its position in multicultural media.
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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MediaCo Holding Inc. (NASDAQ: MDIA) is partnering with the WOE Podcast Network to launch two new podcasts, Savageland and 2 Chicks With An Attitude, on March 1 and March 3, 2023. This partnership aims to amplify Black voices and provide a platform for relevant discussions among Black women. The podcasts will tackle various topics, from modern dating to sexual freedom. This initiative aligns with MediaCo's mission to connect with culture and nurture new talent, showcasing a commitment to inclusivity in media.
MediaCo Holding Inc. (NASDAQ: MDIA) announced a new share repurchase program, authorizing up to $2 million for buybacks of its Class A Common Stock. The initiative aims to enhance shareholder value and is effective immediately. Purchases may occur in the open market or through negotiated transactions, with no specific price targets set. The program may be adjusted or suspended at the company's discretion, financed through available working capital. MediaCo primarily generates revenue from advertising and operates two notable radio stations in New York City.
MediaCo Holding Inc. (NASDAQ: MDIA) has appointed Rahsan-Rahsan Lindsay as CEO, effective July 1, 2021. Lindsay, who has over 20 years of experience in media and advertising, previously served as Executive Vice President at Urban One, where he oversaw key initiatives. His strategic focus will drive the expansion of MediaCo's radio and outdoor divisions, alongside enhancing its digital business. The company also announced the promotion of Bradford Tobin as President and COO, who will manage business operations and innovation.