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URBAN ONE ANNOUNCES RETIREMENT OF RADIO DIVISION CEO DAVID KANTOR; EDDIE HARRELL, JR., AND DEON LEVINGSTON NAMED CO-PRESIDENTS OF THE AUDIO DIVISION

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Urban One announced the retirement of David Kantor, CEO of its audio division, effective January 5, 2025. He will be succeeded by Eddie Harrell, Jr. and Deon Levingston as co-presidents of the Audio Division. Kantor, who joined Urban One in 2005, has been instrumental in the division's syndication growth, expansion into podcasting, and acquisition of stations in key markets. During his tenure, Reach Media grew to over 312 affiliate stations in 94 markets, reaching 94% of the U.S. African American population. Harrell and Levingston, both current Regional Vice Presidents and General Managers, will co-lead the Audio Division starting in 2025.

Urban One ha annunciato il pensionamento di David Kantor, CEO della sua divisione audio, a partire dal 5 gennaio 2025. Sarà succeduto da Eddie Harrell, Jr. e Deon Levingston come co-presidenti della Divisione Audio. Kantor, che è entrato in Urban One nel 2005, è stato fondamentale per la crescita della sindacazione della divisione, l'espansione nel podcasting e l'acquisizione di stazioni in mercati chiave. Durante il suo mandato, Reach Media è cresciuta fino a oltre 312 stazioni affiliate in 94 mercati, raggiungendo il 94% della popolazione afroamericana negli Stati Uniti. Harrell e Levingston, entrambi attuali Vice Presidenti Regionali e Direttori Generali, co-dirigeranno la Divisione Audio a partire dal 2025.

Urban One anunció la jubilación de David Kantor, CEO de su división de audio, efectiva a partir del 5 de enero de 2025. Será sucedido por Eddie Harrell, Jr. y Deon Levingston como co-presidentes de la División de Audio. Kantor, quien se unió a Urban One en 2005, ha sido fundamental en el crecimiento de la sindicación de la división, la expansión en el podcasting y la adquisición de estaciones en mercados clave. Durante su mandato, Reach Media creció a más de 312 estaciones afiliadas en 94 mercados, alcanzando el 94% de la población afroamericana en EE. UU. Harrell y Levingston, ambos actuales Vicepresidentes Regionales y Gerentes Generales, co-dirigirán la División de Audio a partir de 2025.

Urban One는 오디오 부문 CEO인 David Kantor의 은퇴를 2025년 1월 5일부터 시행한다고 발표했습니다. 그는 오디오 부문의 공동 대표로 Eddie Harrell, Jr.Deon Levingston에 의해 인수될 것입니다. 2005년 Urban One에 합류한 Kantor는 부문의 신디케이션 성장, 팟캐스팅으로의 확장 및 주요 시장의 방송국 인수에 중요한 역할을 했습니다. 그의 재임 동안 Reach Media는 94개 시장에서 312개 이상의 제휴 방송국으로 성장하였으며, 미국 아프리카계 미국인 인구의 94%에 도달했습니다. Harrell과 Levingston은 현재 지역 부사장 및 총괄 매니저로서 2025년부터 오디오 부문을 공동으로 이끌게 됩니다.

Urban One a annoncé le départ à la retraite de David Kantor, PDG de sa division audio, effectif à partir du 5 janvier 2025. Il sera remplacé par Eddie Harrell, Jr. et Deon Levingston en tant que co-présidents de la division audio. Kantor, qui a rejoint Urban One en 2005, a joué un rôle essentiel dans la croissance de la syndication de la division, l'expansion dans le domaine du podcasting et l'acquisition de stations dans des marchés clés. Au cours de son mandat, Reach Media a atteint plus de 312 stations affiliées dans 94 marchés, touchant 94 % de la population afro-américaine des États-Unis. Harrell et Levingston, actuellement vice-présidents régionaux et directeurs généraux, co-dirigeront la division audio à partir de 2025.

Urban One gab die Pensionierung von David Kantor, dem CEO seiner Audiovisual-Abteilung, bekannt, die am 5. Januar 2025 in Kraft tritt. Ihn werden Eddie Harrell, Jr. und Deon Levingston als Co-Präsidenten der Audioabteilung nachfolgen. Kantor, der 2005 zu Urban One kam, war entscheidend am Wachstum der Syndizierung, der Expansion in den Podcast-Bereich und der Akquisition von Sendern in wichtigen Märkten beteiligt. Während seiner Amtszeit wuchs Reach Media auf über 312 angeschlossene Sender in 94 Märkten und erreichte 94 % der afroamerikanischen Bevölkerung in den USA. Harrell und Levingston, beide derzeitige regionale Vizepräsidenten und Geschäftsführer, werden ab 2025 die Audioabteilung gemeinsam leiten.

Positive
  • Strategic expansion to 312 affiliate stations across 94 markets
  • 94% reach of U.S. African American population through Radio One network
  • Successful diversification into podcasting and new business lines
Negative
  • None.

Insights

This management transition, while significant internally, has minimal direct impact on Urban One's immediate financial outlook or stock performance. The retirement was planned and the succession strategy appears well-structured with two experienced internal candidates. Key positives include:

  • Smooth leadership transition with seasoned internal executives
  • Maintained operational continuity in the audio division
  • Strong track record of the incoming co-presidents in their respective markets
The audio division's reach of 94% of U.S. African American population and presence in 94 markets demonstrates solid market penetration, though future growth will depend on the new leadership's ability to navigate industry challenges and digital transformation.

SILVER SPRING, Md., Oct. 29, 2024 /PRNewswire/ -- Urban One today announced the retirement of media executive David Kantor, CEO of its audio division, Radio One and Reach Media, effective January 5, 2025. Kantor, who has been an integral part of Urban One since 2005, will be succeeded by Eddie Harrell, Jr., currently Regional Vice President and General Manager of Radio One-Ohio Markets, and Deon Levingston, currently Regional Vice President and General Manager for Radio One Indianapolis. Harrell and Levingston have been named co-presidents of Urban One's Audio Division.

"The radio industry is losing one of its giants, and Urban One is bidding farewell to a venerable leader whose passion and vision have helped to shape our industry, guide our company, and serve our growing and diverse audience," said Urban One CEO Alfred Liggins. Kantor became CEO of Urban One's Audio Division in 2015. He oversaw the division's syndication growth, expansion into podcasting, and other new lines of business. He was instrumental in executing the company strategy of acquiring stations in key markets by adding additional formats. 

Kantor's retirement marks the end of a distinguished career that spans decades of success. He held executive roles at Cox Cable, Satellite Music Network, ABC Radio Networks, and AMFM Inc., where he was instrumental in launching several influential radio networks, including the Tom Joyner Morning Show, Radio Disney, and ESPN Radio. However, one of his most noteworthy accomplishments is co-founding Reach Media with Tom Joyner in 2003. Urban One acquired a majority interest in the company one year later, and Kantor remained its President and CEO, growing it to over 312 affiliate stations in 94 markets and reaching 94% of the U.S. African American population.

Kantor's departure opens the door for two Urban One leaders to rise in rank and move the company forward. Eddie Harrell, Jr., and Deon Levingston will co-lead the Audio Division at the top of the new year. Harrell, a seasoned executive, is the Regional Vice President and General Manager of Radio One Cincinnati, Cleveland, and Columbus. He is a proven leader with a track record of growth and success. Deon Levingston is the Regional Vice President and General Manager of Radio One Indianapolis, the company's most diverse collection of formats, including urban, talk-news, top-forty, and Hispanic. Levingston is a seasoned executive in the advertising, broadcast radio, and television industry and brings over two decades to the role. This dynamic duo is poised to lead the company into the future.
"Eddie Harrell, Jr. and Deon Levingston are ready to take the helm and build on the legacy David leaves behind," said Alfred Liggins. "They understand our brand, our audience, and our position in this industry. Their talent and experience are just what we need moving forward."

As Urban One looks to the future, the company remains committed to its mission of delivering culturally relevant content across its platforms, ensuring that the voices of the communities it serves continue to be amplified.

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 46 million households, and CLEO TV, its sister network with an almost 41 million household reach. As of October 14, 2024, we owned and/or operated 72 independently formatted, revenue producing broadcast stations (including 57 FM or AM stations, 13 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 its controlling interest in 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.

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SOURCE Urban One, Inc.

FAQ

When is David Kantor retiring from Urban One (UONE)?

David Kantor is retiring as CEO of Urban One's audio division effective January 5, 2025.

Who will replace David Kantor at Urban One (UONE)?

Eddie Harrell, Jr. and Deon Levingston will replace Kantor as co-presidents of Urban One's Audio Division.

How many affiliate stations does Urban One (UONE) have in 2024?

Urban One's Reach Media has over 312 affiliate stations across 94 markets.

What percentage of the U.S. African American population does Urban One (UONE) reach?

Urban One reaches 94% of the U.S. African American population through its radio network.

Urban One, Inc.

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