Welcome to our dedicated page for Urban One news (Ticker: UONEK), a resource for investors and traders seeking the latest updates and insights on Urban One stock.
Urban One, Inc. (NASDAQ: UONEK) generates a steady flow of news as a diversified media company focused on Black Americans and urban consumers in the United States. News about Urban One often centers on its financial performance, capital structure decisions and developments across its television, radio, digital and syndicated audio segments.
Regular earnings releases provide detail on net revenue, operating income or loss, broadcast and digital operating income and Adjusted EBITDA for the Radio Broadcasting, Reach Media, Digital and Cable Television segments. These updates also describe trends in areas such as core radio advertising, cable TV advertising, affiliate revenue, digital advertising demand and segment-level performance.
Urban One’s news flow also includes announcements related to its debt and capital management. In 2025, the company reported repurchases of portions of its 7.375% senior secured notes due 2028 and launched offers to exchange these notes for new senior secured notes, purchase a portion of the existing notes for cash and issue new first lien senior secured notes. Related press releases describe the structure of these offers, participation levels and associated consent solicitations to amend the existing notes indenture.
Beyond financial and capital markets updates, Urban One issues news on research and cultural initiatives. For example, the company announced its Cultural ROI Study, “Influence to Impact: Black Culture’s Role in Brand Growth,” which examines Black cultural influence and brand trust. Investors and observers following UONEK news can expect coverage of quarterly results, conference call schedules, debt transactions, governance developments and research efforts tied to the company’s focus on Black and urban audiences.
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.
Urban One, Inc. (NASDAQ: UONE, UONEK) has announced a prospectus supplement to offer and sell up to $25,000,000 of Class A common stock through an at-the-market equity offering program. The net proceeds will be utilized for general corporate purposes, including debt repayment. The sales will be conducted by Jefferies LLC, and may take place at prevailing market prices. Investors are advised to review the prospectus and related documents for comprehensive information about the offering and associated risks, particularly those related to COVID-19.
Urban One, Inc. (UONEK, UONE) reported a 37.5% decline in net revenue for Q2 2020, totaling $76.0 million, compared to the same period in 2019. Broadcast and digital operating income decreased 33.1% to $30.2 million. The company faced a net income of $1.4 million or $0.03 per share, down from $6.6 million or $0.15 per share a year earlier. CEO Alfred C. Liggins, III noted a 51% drop in radio ad revenue and a 96% decline in event revenues due to Covid-19. Liquidity remains strong with $70 million in cash.
Urban One, Inc. (NASDAQ: UONEK; UONE) is set to hold a conference call on July 30, 2020, at 10:00 a.m. EDT to discuss its second-quarter results. Investors and analysts can join by calling 1-877-692-8957 (U.S.) or (+1) 234-720-6980 (international). A replay will be available from 1:00 p.m. EDT, July 30 to 12:00 a.m. EDT, August 01. The replay can be accessed via 1-866-207-1041 or on Urban One's website for seven days post-call.