Welcome to our dedicated page for Urban One news (Ticker: UONE), a resource for investors and traders seeking the latest updates and insights on Urban One stock.
Urban One, Inc. (NASDAQ: UONE) generates a steady flow of news that reflects both its multi‑segment media operations and its capital structure decisions. As a diversified media company primarily targeting Black Americans and urban consumers in the United States, Urban One issues press releases on quarterly financial results, research initiatives, and financing transactions that are of interest to investors and industry observers.
On this page, readers can follow UONE news related to the company’s Radio Broadcasting, Reach Media, Digital, and Cable Television segments. Urban One’s earnings releases provide detailed segment data, including net revenue, operating income or loss, adjusted EBITDA, and broadcast and digital operating income. Management commentary in these releases discusses trends in core radio advertising, cable television advertising and affiliate revenue, digital demand, and syndicated programming performance.
Urban One also publishes news about its balance sheet and debt management. In 2025, the company announced repurchases of its 7.375% senior secured notes due 2028 and later launched an exchange offer, tender offer, and subscription offer involving new 7.625% second lien senior secured notes due 2031 and 10.500% first lien senior secured notes due 2030. These developments, along with related Form 8‑K filings, appear in the company’s news flow and provide insight into its approach to leverage and liquidity.
Beyond financial and capital markets updates, Urban One issues news on initiatives such as its Cultural ROI Study, which examines Black culture’s influence on U.S. consumer behavior and brand growth. For investors, analysts, and media professionals tracking UONE, this news page offers a centralized view of Urban One’s operational performance, research efforts, and financing activities over time.
Urban One priced an offering of $825 million in 7.375% senior secured notes due 2028, aimed at qualified institutional buyers. The offering is expected to close around January 25, 2021. Proceeds will be used to repay existing loans and notes, including the 8.750% Senior Secured Notes due December 2022. The notes will be unsecured and not registered under the Securities Act, limiting their sale in the U.S. This move aims to enhance financial stability by refinancing debt.
Urban One has announced the launch of an offering of $825 million in senior secured notes due 2028. These notes will be guaranteed by certain restricted subsidiaries and secured by priority collateral. Proceeds will be used to repay existing loans and redeem senior secured notes due in 2022. The offering is exempt from registration under the Securities Act and will only be sold to qualified institutional buyers. This move aims to streamline debt obligations and improve financial stability.
Urban One, Inc. (NASDAQ: UONE, UONEK) released preliminary financial results for Q4 and full year 2020. The company projects Consolidated Adjusted EBITDA between $137 million and $139 million, marking a 2.6% to 4.1% increase from 2019. However, full-year Consolidated Net Revenues are estimated at $373 million to $377 million, reflecting a decline of 13.7% to 14.6% year-over-year. Fourth-quarter net revenues are projected to be between $110 million and $114 million, a year-over-year increase of 3.9% to 7.7%. The radio segment benefited from political advertising, while digital EBITDA reached $4 million.
Urban One, Inc. has received Congressional commendations for its 40-year anniversary and significant impact on the media landscape. Congressional leaders acknowledged Founder Cathy Hughes and CEO Alfred Liggins III for their contributions during 2020, a year marked by social and economic challenges. Hughes was also inducted into the NABJ Hall of Fame. To commemorate its anniversary, Urban One established the Urban One Community Works foundation to support African American communities affected by COVID-19. Urban One is recognized as the largest media company targeting African American consumers in the U.S.
Urban One reported Q3 2020 net revenue of $91.9 million, down 17.2% year-over-year. Operating income fell to $4.0 million from $31.1 million in 2019, leading to a net loss of $12.8 million, or $0.29 per share. However, broadcast and digital operating income grew 1.3% to $44.2 million. Adjusted EBITDA increased by 2.3% year-over-year to $39.6 million, buoyed by strong political advertising revenues exceeding $20 million. The company maintained a solid cash position of $102.2 million and reduced debt by $25 million through recent bond exchanges.
Urban One has successfully completed its Exchange Offer for the 7.375% Senior Secured Notes due 2022, with $347,016,000 in Existing Notes tendered, representing 99.15% of the outstanding total. The Exchange Offer expired on October 30, 2020, and the settlement is expected on November 3, 2020. The process involved consent from at least 90% of existing noteholders and the execution of a supplemental indenture to amend existing restrictive covenants. Noteholders received early participation payments if conditions were met by the early tender date.
Urban One, Inc. (UONEK; UONE) will host a conference call on November 12, 2020, at 10:00 a.m. EST to discuss its third fiscal quarter 2020 results. U.S. callers can join by dialing 1-877-226-8152, with international callers using (+1) 234-720-6982. A replay will be available from 1:00 p.m. EST on November 12 until 12:00 a.m. EST on November 15 via 1-866-207-1041 for U.S. callers. Access codes for participation are provided, and the call will also be available on Urban One's corporate website.
Urban One launched ONE VIP, a digital financial solution tailored for Black consumers, on October 22, 2020. This first-of-its-kind product includes a prepaid debit card with an associated rewards program, allowing users to manage their accounts online or via a mobile app. Cardholders can earn points for purchases and contribute to the Urban One Community Works Foundation. Urban One pledges to donate $10 per account quarterly for active users. This initiative aims to empower the Black community and support charities focused on criminal justice reform and LGBTQ issues.
Urban One announced that 99.15% of its 7.375% Senior Secured Notes due 2022, totaling $347 million, were tendered in an Exchange Offer. Eligible holders can exchange these notes for new 8.75% Senior Secured Notes, accompanied by cash payments. The settlement for the exchange is expected on November 3, 2020. The company aims to amend restrictive covenants in the existing notes' indenture. The Exchange Offer expires on October 30, 2020, and requires consent from at least 90% of holders for completion.
Urban One, Inc. (NASDAQ: UONEK, UONE) announced a private offer to exchange its $350 million 7.375% Senior Secured Notes due 2022 for new 8.75% Senior Secured Notes. Approximately $260.7 million in Existing Notes, or 74.5%, have agreed to participate. The new notes aim to provide financial flexibility by extending maturity by eight months. Eligible holders will receive $1,000 in New Notes plus cash incentives based on when they participate. The exchange is contingent on receiving consents from at least 90% of Existing Notes holders.