Urban One (UONE) reaches deals to buy Dallas stations KKDA, KRNB and sell KZMJ
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Urban One, Inc. has entered into an agreement to acquire Service Broadcasting Group, LLC, including Dallas radio stations KKDA and KRNB, and separately agreed to sell station KZMJ to Fuzion Dallas, LLC. Both transactions are subject to Federal Communications Commission approval and other customary closing conditions.
The company describes the acquisition as accretive and part of its consolidation strategy to scale in high‑growth regions where its target audience is concentrated. Management highlights that adding KKDA and KRNB is intended to expand Urban One’s reach in the Dallas market, strengthen its ability to deliver local, community‑focused content, and offer advertisers broader market coverage.
Urban One notes that, as of March 31, 2026, it owned and/or operated 76 revenue‑producing broadcast stations across multiple markets, along with television, digital, and syndicated programming assets that collectively focus on Black American and urban audiences.
Positive
- None.
Negative
- None.
Insights
Urban One deepens Dallas presence with targeted station swap.
Urban One is reshaping its Dallas footprint by acquiring Service Broadcasting Group, LLC (KKDA and KRNB) while divesting KZMJ. Management characterizes the acquisition as accretive and aligned with a consolidation strategy in high‑growth regions where its core audience is concentrated.
This move increases exposure to a major urban market and could enhance advertising packages by pairing strong local brands with Urban One’s broader radio, TV, and digital network. The absence of disclosed financial terms limits assessment of value creation, but the strategic logic focuses on scale, audience alignment, and deeper community reach in Dallas.
Both the acquisition and sale require FCC approval and other customary closing conditions, so timing and final structure depend on the regulatory process. Future company filings or announcements may clarify purchase price, divestiture proceeds, and expected financial impact once approvals are obtained or closing dates are set.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Broadcast stations owned/operated: 76 stations
FM or AM stations: 58 stations
HD stations: 16 stations
+2 more
5 metrics
Broadcast stations owned/operated
76 stations
As of March 31, 2026, independently formatted, revenue producing
FM or AM stations
58 stations
Part of total broadcast stations as of March 31, 2026
HD stations
16 stations
Part of total broadcast stations as of March 31, 2026
Low power TV stations
2 stations
Operated as of March 31, 2026
Households served by TV One
more than 30 million
TV One network reach in the United States
Key Terms
accretive, consolidation strategy, regulatory approval, Federal Communications Commission (FCC), +1 more
5 terms
accretive financial
"“This transaction is accretive and advances our consolidation strategy by scaling our presence..."
"Accretive" describes a situation where a financial action, such as a purchase or investment, increases the value or earnings of a company. For investors, it signals that the move is likely to boost profitability and overall worth, much like adding a beneficial ingredient to a recipe that enhances the final taste. An accretive decision is generally seen as positive because it contributes to growth and financial health.
consolidation strategy financial
"This transaction is accretive and advances our consolidation strategy by scaling our presence..."
regulatory approval regulatory
"Both transactions are subject to regulatory approval by the Federal Communications Commission..."
Regulatory approval is the official permission given by government agencies or authorities that allows a product, service, or business activity to be legally operated or sold. It is important to investors because receiving approval often indicates that a product has been reviewed for safety and compliance, which can influence its success and the company’s prospects in the market. Without this approval, launching or selling certain products may be restricted or prohibited.
Federal Communications Commission (FCC) regulatory
"Both transactions are subject to regulatory approval by the Federal Communications Commission (FCC)..."
A U.S. government agency that acts like a traffic cop for airwaves and communications services, overseeing radio, television, cable, satellite, and certain aspects of internet and wireless spectrum. Its rules, licenses and enforcement actions shape which companies can operate, how much spectrum they can use, and what services they may offer — outcomes that directly affect revenues, costs, competitive advantage and regulatory risk for investors in communications and media businesses.
forward-looking statements regulatory
"The Company cautions that certain of the statements in this or in its press release may represent “forward-looking statements”..."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant To Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 1, 2026
(Exact name of Registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File No.) | (IRS Employer Identification No.) | ||||||
(301 ) 429-3200
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 under the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01 Other Events.
On May 1, 2026, Urban One announced it has entered into an agreement to acquire Service Broadcasting Group, LLC, including its flagship radio stations KKDA and KRNB. Urban One also announced it has agreed to sell radio station KZMJ to Fuzion Dallas, LLC. Both transactions are subject to regulatory approval by the Federal Communications Commission and other customary closing conditions.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
| Exhibit Number | Description | |||||||
| 99.1 | Press release dated May 1, 2026: Urban One Announces Agreements to Acquire Dallas Radio Stations KKDA and KRNB and to Sell KZMJ | |||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
Forward Looking Statements
The Company cautions that certain of the statements in this Form 8-K or in its press release may represent “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Any or all forward-looking statements may turn out to be wrong. Forward-looking statements are based on assumptions believed by the Company to be reasonable and speak only as of the date on which such statements are made. Without limiting the generality of the foregoing, words such as “expect,” “believe,” “anticipate,” “intend,” “plan,” “project,” “will” or “estimate,” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Except as required by law, the Company undertakes no obligation to update such statements to reflect events or circumstances arising after such date and cautions investors not to place undue reliance on any such forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the statements based on a number of factors, including but not limited to the following: adverse effects which may arise in connection with the material weakness in our internal control over financial reporting or our failure to promptly remediate it; the extent of the impact of the slowing economy, the extent of the impact of any global pandemic or any other epidemic, disease outbreak, or public health emergency, the cost and availability of capital or credit facility borrowings; the ability to obtain equity financing; general market conditions; the adequacy of cash flows or available debt resources to fund operations; and other risk factors described from time to time in the Company’s Form 10-K, Form 10-Q, and Form 8-K reports (including all amendments to those reports).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| URBAN ONE, INC. | |||||
| /s/ Peter D. Thompson | |||||
| May 4, 2026 | Peter D. Thompson | ||||
| Chief Financial Officer (Principal Accounting Officer) | |||||
Exhibit 99.1
NEWS RELEASE
| May 1, 2026 | Contact: Karen Wishart, EVP and CAO | |||||||
| FOR IMMEDIATE RELEASE | (301) 429-4638 | |||||||
| Silver Spring, MD | ||||||||
URBAN ONE ANNOUNCES AGREEMENTS TO ACQUIRE
DALLAS RADIO STATIONS
KKDA AND KRNB AND TO SELL KZMJ
Urban One has entered into an agreement to acquire Service Broadcasting Group, LLC , including its flagship radio stations KKDA and KRNB. Urban One has also agreed to sell radio station KZMJ to Fuzion Dallas, LLC. Both transactions are subject to regulatory approval by the Federal Communications Commission (FCC) and other customary closing conditions. The acquisition marks a significant expansion of Urban One’s reach in the Dallas community and reinforces the company’s commitment to providing high-quality, local content to the market. The acquisition will elevate influential urban voices and allow them to operate from a more powerful and expansive platform.
“This transaction is accretive and advances our consolidation strategy by scaling our presence in high-growth regions where our target audience is most concentrated,” said Alfred C. Liggins, III, President and Chief Executive Officer of Urban One. “By bringing these stations into our portfolio, we aren't just growing our footprint; we are elevating our ability to serve our audience and our advertising partners with unmatched scale and local expertise.”
The acquisition is designed to offer a more comprehensive solution for local businesses, providing them with a broader reach and deeper community engagement. Listeners can expect the same high standards of programming and community-focused broadcasting they have come to associate with Urban One and the Radio One brand, now amplified across two of the region’s most prominent frequencies.
“Our people are the heart of our success,” added Doug Abernathy, Regional Vice President of Urban One “By aligning our best-in-class team with these new platforms, we are securing the future of local radio in Dallas and ensuring we remain the primary source for news, entertainment, and connection for the communities we serve.”
About Urban One, Inc.
Urban One Inc. (urban1.com), together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States. The Company owns TV One, LLC (tvone.tv), a television network serving more than 30 million households, offering a broad range of original programming, classic series and movies designed to entertain, inform, and inspire a diverse audience of adult Black viewers. As of March 31, 2026, we owned and/or operated 76 independently formatted, revenue producing broadcast stations (including 58 FM or AM stations, 16 HD stations, and the 2 low power television stations we operate), located in 13 of the most populous African-American markets in the United States. Through Reach Media, Inc. (blackamericaweb.com), the Company also operates syndicated programming including the Rickey Smiley Morning Show, and the DL Hughley Show. In addition to its radio and television broadcast assets, Urban One owns iOne Digital (ionedigital.com), our wholly owned digital platform serving the African American community through social content, news, information, and entertainment websites, including its Cassius, Bossip, HipHopWired and MadameNoire digital platforms and brands. Through our national multi-media operations, we provide advertisers with a unique and powerful delivery mechanism to the African American and urban audiences.
FAQ
What transactions did Urban One (UONE) announce in Dallas?
Urban One agreed to acquire Service Broadcasting Group, LLC, including Dallas radio stations KKDA and KRNB, and to sell station KZMJ to Fuzion Dallas, LLC. Both transactions aim to reshape its Dallas market presence and are subject to regulatory approvals and closing conditions.
Why is Urban One’s acquisition of KKDA and KRNB significant for UONE?
The acquisition expands Urban One’s reach in Dallas, a key urban market, and is described as accretive and aligned with its consolidation strategy. Management emphasizes stronger local content, elevated urban voices, and improved solutions for local advertisers through broader reach and deeper community engagement.
Are Urban One’s Dallas station transactions finalized yet?
No. Urban One states that both the acquisition of Service Broadcasting Group, LLC’s stations KKDA and KRNB and the sale of KZMJ to Fuzion Dallas, LLC are subject to Federal Communications Commission approval and other customary closing conditions, so completion depends on the regulatory and closing process.
How does this deal fit Urban One (UONE)’s overall strategy?
Urban One describes the acquisition as advancing its consolidation strategy by scaling its presence in high‑growth regions where its target audience is most concentrated. Management highlights that integrating KKDA and KRNB should enhance its ability to serve listeners and advertisers with larger scale and local expertise in Dallas.
What media assets does Urban One operate as of March 31, 2026?
As of March 31, 2026, Urban One reports owning or operating 76 independently formatted, revenue‑producing broadcast stations, including 58 FM or AM stations, 16 HD stations, and 2 low‑power television stations, along with TV One, Reach Media, and iOne Digital serving Black American and urban audiences.