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Urban One Inc is an urban oriented, multi-media company. Its business is radio broadcasting franchise that is the radio broadcasting operation that targets African-American and urban listeners. It operates through the following segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes all the broadcasting related operations. The Reach Media segment consists of the Tom Joyner Morning Show and its related activities. The Digital segment focuses on its online business, including the operations of Interactive One. The Cable Television segment deals with TV One's operations.
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 59 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 June 07, 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) branded under the tradename 'Radio One' in 13 urban 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. We also have invested in a minority ownership interest in MGM National Harbor, a gaming resort located in Prince George's County, Maryland. Through our national multi-media operations, we provide advertisers with a unique and powerful delivery mechanism to the African American and urban audiences.
Urban One Inc's Reach Media announces Rickey Smiley's First Annual Birthday Beach Blowout scheduled for August 11-13, 2023, at the Hilton Daytona Beach, Florida. The event, aimed at providing attendees with memorable experiences, will include the Rickey Smiley & Friends comedy show, a pool party, cookout, and a Sunday Inspiration Brunch. Rickey Smiley Morning Show, a popular urban morning show syndicated by Reach Media, has a significant national presence, broadcasting on over 70 stations. Attendees can find more information and costs at RickeySmileyBBB.com. Urban One is the largest diversified media company targeting Black Americans, operating 66 broadcast stations and several digital platforms.
Urban One Inc.'s Reach Media has announced the First Annual Birthday Beach Blowout for comedian Rickey Smiley, scheduled for August 11-13 at the Hilton Daytona Beach, FL. This event aims to provide attendees with a weekend of fun, friendship, and entertainment. Highlighted activities include the Rickey Smiley & Friends comedy show, a Pool Party & Cookout, and a Sunday Inspiration Brunch. The Rickey Smiley Morning Show, which Smiley hosts and is syndicated by Urban One, has a significant following, being broadcasted on over 70 stations nationwide. Urban One is the largest media company targeting Black Americans and operates various media platforms, ensuring widespread engagement within the community.
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.
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