Urban One Inc Stock Price, News & Analysis

On April 11, 2023, Urban One Inc. (NASDAQ: UONEK; UONE) announced its agreement to acquire a radio cluster in Houston from Cox Media Group. The acquisition includes four stations: 93Q Country KKBQ-FM, classic rock station The Eagle 106.9 & 107.5 KHPT-FM, Country Legends 97.1 KTHT-FM, and KGLK-FM. This strategic move is expected to enhance Urban One's broadcast reach in Houston, complementing its existing stations, 97.9 'The Box' and Majic 102.1. The deal aims to diversify music offerings for the community. Subject to Federal Communications Commission (FCC) approval and customary closing conditions, Urban One will also divest certain stations to comply with ownership regulations.

Urban One Inc. has announced a definitive asset purchase agreement to acquire Cox Media Group's Houston radio cluster, which includes stations KKBQ-FM, KHPT-FM, KGLK-FM, and KTHT-FM. This acquisition aligns with Urban One's strategic goals of enhancing its broadcast reach in Houston, where it already operates leading stations. The deal is described as accretive and is expected to allow Urban One to strengthen its market presence and offer a more diversified array of programming to the Houston community. The acquisition is subject to Federal Communications Commission approval and will involve Urban One divesting some of its current stations to comply with ownership regulations.

Urban One, Inc. (UONEK) announced receiving a letter from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) for not timely filing its Annual Report on Form 10-K for the fiscal year ending December 31, 2022. The notification does not immediately affect the listing of the Company's common stock; however, failure to comply could lead to delisting. Urban One has 60 days to file the report or submit a compliance plan. If accepted, Nasdaq may grant up to 180 days to regain compliance. The Company aims to submit the 2022 Form 10-K by June 2, 2023, to avoid further action.

Urban One, Inc. received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the late filing of its 2022 Annual Report (Form 10-K). The company has until June 2, 2023, to file the report or submit a compliance plan. Failure to comply could lead to delisting from Nasdaq. However, the notification does not have an immediate impact on its stock listing. Urban One is working diligently to file the report within the 60-day period to avoid further consequences. This situation emphasizes the importance of timely regulatory filings for maintaining stock market compliance.

Urban One Inc.'s Reach Media and Radio One have announced the addition of Kyle Santillian to the nationally syndicated show The Morning Hustle. A prominent personality in Chicago, Santillian previously anchored The Chicago Morning Takeover and brings extensive experience in morning radio. He expresses excitement about joining the show, which is already popular in approximately 30 urban markets. The Morning Hustle aims to provide a fresh and entertaining perspective on urban pop culture, targeting millennial and Gen-Z audiences.

Urban One Inc. has announced that Kyle Santillian, a well-known radio personality from Chicago, will join the nationally syndicated show The Morning Hustle. Santillian, who previously anchored The Chicago Morning Takeover for seven years, brings extensive experience and a vibrant energy to the show, which is currently broadcasted in around 30 urban markets. The addition is seen as a significant enhancement to the show's entertainment value, appealing to millennial and Gen-Z audiences.

Urban One, the largest diversified media company targeting Black Americans, operates multiple radio stations and digital platforms, aiming to serve urban consumers effectively.

Urban One Inc. announced that Ralph Tresvant, lead singer of New Edition, will host the syndicated show "Love and R&B", starting February 13, just ahead of Valentine’s Day. CEO David Kantor expressed confidence in Tresvant's ability to connect with audiences through his charisma and musical knowledge. The show aims to revive R&B music's essence, featuring classic love songs. Tresvant expressed excitement about sharing his musical journey and engaging listeners across major markets like Dallas and Washington, DC. This move reflects Urban One's strategy to bolster its radio programming amidst a competitive landscape.

Urban One Inc.'s Reach Media announced Ralph Tresvant as the new host of the syndicated radio show 'Love and R&B', starting February 13, 2023. Tresvant, lead singer of New Edition, aims to connect with audiences through classic slow jams and love songs, coinciding with Valentine's Day. CEO David Kantor praised Tresvant's charisma and potential to build a loyal following. The show will air in major markets like Dallas and Washington, DC. Tresvant expressed excitement about sharing his passion for R&B music and engaging with fans nationwide.

Urban One has announced the relaunch of its digital media division, iONE Digital, aiming to enhance its storytelling and connection with the Black community. The rebranding reflects over 42 years of commitment to diversity, equity, and inclusion. iONE Digital engages over 24 million unique visitors monthly through a diverse portfolio that includes brands like Cassius, HelloBeautiful, and NewsOne, focusing on various lifestyle interests. The initiative also emphasizes the importance of sharing authentic Black narratives and aims to strengthen connections within the community while prioritizing content creation in audio and podcasting.