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MediaCo Holding Inc. operates a multicultural media platform spanning audio, video, digital and FAST distribution. Its recurring news centers on the EstrellaTV Spanish-language network, HOT 97, WBLS, Sigma Audio Networks and other radio brands, with updates on audience ratings, programming, syndication, affiliate and distribution expansion, advertiser-focused sales channels and live or sponsored content.
Company announcements also cover quarterly financial results, digital advertising mix, the integration of Estrella Media assets acquired in April 2024, and organizational changes that support its television, radio, streaming and digital operations.
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.