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MediaCo Holding Inc. (symbol: MDIA) is a prominent radio broadcasting media company that operates in the domains of radio and digital advertising, premium programming, and event management. The company boasts two flagship radio stations, WQHT-FM and WBLS-FM, which cater to the vibrant and diverse audience of the New York City metropolitan area.
MediaCo Holding Inc. generates revenue through various channels, including radio and outdoor advertising sales, event sponsorships, and ticket sales. Additionally, the company engages in licensing and syndication deals, broadening its reach and impact within the media industry. The company's innovative approach to combining traditional radio with digital advertising platforms has cemented its position as a leader in the media sector.
Recent achievements highlight MediaCo's commitment to excellence and growth. Strategic partnerships and cutting-edge programming have significantly contributed to its expanding listener base. The company's financial condition remains robust, with consistent revenue streams from its diversified business operations.
At the core of MediaCo's operations is a dedication to delivering high-quality content and unforgettable experiences to its audience. Whether through music, talk shows, or live events, MediaCo continues to enhance its reputation as a trusted and influential media entity.
MediaCo Holding Inc. (Nasdaq: MDIA) has fully repaid a $7.3 million convertible promissory note held by Emmis Communications in cash. Following this repayment, Emmis representatives have resigned from MediaCo's Board of Directors. The company, formed through the merger of WBLS, Hot97, and Estrella Media network, operates multiple broadcasting assets including FM radio stations and TV stations across major U.S. markets. MediaCo's portfolio includes the Estrella Television Network with over 20,000 hours of original content and 24/7 Spanish-language news, as well as iconic radio stations like WBLS and Hot97.
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.
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
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.
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