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Urban One, Inc. Class D - UONEK STOCK NEWS

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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.

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Urban One Inc. announced that Ralph Tresvant, lead singer of New Edition, will host the syndicated show "Love and R&B", starting February 13, just ahead of Valentine’s Day. CEO David Kantor expressed confidence in Tresvant's ability to connect with audiences through his charisma and musical knowledge. The show aims to revive R&B music's essence, featuring classic love songs. Tresvant expressed excitement about sharing his musical journey and engaging listeners across major markets like Dallas and Washington, DC. This move reflects Urban One's strategy to bolster its radio programming amidst a competitive landscape.

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Urban One Inc.'s Reach Media announced Ralph Tresvant as the new host of the syndicated radio show 'Love and R&B', starting February 13, 2023. Tresvant, lead singer of New Edition, aims to connect with audiences through classic slow jams and love songs, coinciding with Valentine's Day. CEO David Kantor praised Tresvant's charisma and potential to build a loyal following. The show will air in major markets like Dallas and Washington, DC. Tresvant expressed excitement about sharing his passion for R&B music and engaging with fans nationwide.

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Urban One has announced the relaunch of its digital media division, iONE Digital, aiming to enhance its storytelling and connection with the Black community. The rebranding reflects over 42 years of commitment to diversity, equity, and inclusion. iONE Digital engages over 24 million unique visitors monthly through a diverse portfolio that includes brands like Cassius, HelloBeautiful, and NewsOne, focusing on various lifestyle interests. The initiative also emphasizes the importance of sharing authentic Black narratives and aims to strengthen connections within the community while prioritizing content creation in audio and podcasting.

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iONE Digital, a leading digital media company, is set to relaunch under a new branding strategy aimed at enriching Black voices through innovative storytelling. As part of Urban One's commitment to diversity and inclusion, the revamped iONE Digital portfolio encompasses a variety of content from entertainment to lifestyle, engaging over 24 million unique monthly visitors. The initiative includes a focus on Historically Black Colleges and Universities (HBCUs) with the creation of the One Yard platform and the launch of the Urban One Podcast Network. This rebranding aims to solidify iONE Digital as a trusted source and platform for the Black community, fostering authentic connections and representation.

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Urban One Inc. announces a partnership with Sounder to enhance brand safety for BIPOC audio content. The initiative aims to improve podcast ad technology and ensure equitable monetization opportunities. The research will analyze content from Urban One's audio divisions and the Urban One Podcast Network to identify challenges in audio ad technology. With podcast listenership projected to exceed 160 million this year, and a notable 53% increase in Black podcast listeners, this endeavor seeks to create a fairer advertising standard. This collaboration will refine AI-driven brand safety solutions, aiming for more accurate classification of diverse media.

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Urban One Inc. has partnered with Sounder to conduct research aimed at enhancing brand safety technologies for BIPOC audio content. This initiative will analyze Urban One’s diverse audio offerings and develop solutions that allow advertisers to more confidently sponsor such content. The partnership seeks to address the inadequacies in current ad technology that often misclassifies and restricts Black audio content. As podcasting grows, with over 160 million listeners anticipated this year, the collaboration aims to ensure equitable monetization opportunities for diverse creators, thereby fostering a more inclusive audio advertising ecosystem.

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Urban One, Inc. reported Q3 2022 net revenue of approximately $121.4 million, an 8.9% year-over-year increase. Operating income fell to about $19.0 million, down from $34.5 million in Q3 2021, with net income at $4.2 million or $0.09 per share, compared to $13.9 million or $0.27 the previous year. Adjusted EBITDA rose to $44.3 million. CEO Alfred C. Liggins, III highlighted strong recovery in radio advertising and a successful digital segment, projecting a double-digit revenue increase for Q4 2022, aided by political ad spending.

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Urban One has announced a partnership with comedian Amanda Seales to launch her new syndicated radio show, The Amanda Seales Show, premiering on November 7 on WRNB 100.3 FM Philadelphia. The show will focus on serious topics with humor, aiming to engage and empower audiences. Reach Media's CEO, David Kantor, expressed excitement about this fresh female-hosted show. Urban One is a diversified media company mainly targeting Black Americans, owning multiple broadcast stations and digital platforms.

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Urban One, Inc. (NASDAQ: UONE; UONEK) will hold a conference call on November 03, 2022, at 10:00 a.m. EDT to discuss its third fiscal quarter results. U.S. participants can dial 1-877-226-8216, while international callers can reach (+1) 409-207-6983. A replay will be available from 1:00 p.m. EDT on November 03 until 11:55 p.m. EST on November 06. The call will also be accessible on Urban One's corporate website, providing insights into the company's performance and future projections.

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Urban One announced the appointment of Danielle Brown as Vice President of Cross Platform Client Services within its iOne Digital division. With extensive experience from BET/ViacomCBS and ESSENCE Communications, Brown will focus on growing long-term client relationships. Chief Revenue Officer Tiffany Nasralla highlighted Brown's reputation for exceeding sales targets and fostering partnerships, aiming to enhance brand growth and community service opportunities. As the largest media company targeting Black Americans, Urban One continues to strengthen its leadership to better serve its audience.

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FAQ

What is the current stock price of Urban One Class D (UONEK)?

The current stock price of Urban One Class D (UONEK) is $1.1 as of November 7, 2024.

What is the market cap of Urban One Class D (UONEK)?

The market cap of Urban One Class D (UONEK) is approximately 53.2M.

What segments does Urban One operate through?

Urban One operates through Radio Broadcasting, Reach Media, Digital, and Cable Television segments.

What is the primary focus of Urban One's radio broadcasting franchise?

The radio broadcasting franchise targets African-American and urban listeners.

What are some of the subsidiaries of Urban One?

Subsidiaries include TV One, LLC, Reach Media, Inc., and iOne Digital.

What is the primary goal of Urban One's digital platform?

The digital platform serves the African American community through social content, news, information, and entertainment websites.

What sets Urban One apart in the media industry?

Urban One is a diversified media company that focuses on targeting Black Americans and urban consumers through various media platforms.

What recent achievements has Urban One reported?

Urban One reported net revenue of approximately $117.8 million for the quarter ended September 30, 2023, with an operating loss of approximately $56.1 million.

What is the financial performance of Urban One in recent years?

In the year ended December 31, 2023, Urban One reported net revenue of approximately $477.7 million, a decrease of 1.4% from the previous year.

What is the outlook for Urban One's financial performance?

Urban One reported Adjusted EBITDA of approximately $128.4 million for 2023, with optimistic expectations for political advertising revenues in the future.

How does Urban One engage with its audience?

Urban One provides a unique and powerful delivery mechanism to the African American and urban audiences through its national multi-media operations.

What recent challenges has Urban One faced?

Urban One received a second letter from Nasdaq regarding non-compliance with filing requirements, but is diligently working to resolve the issue.

Urban One, Inc. Class D

Nasdaq:UONEK

UONEK Rankings

UONEK Stock Data

53.17M
34.77M
55.63%
29.43%
0.09%
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