{"id":830398,"date":"2025-03-27T06:48:52","date_gmt":"2025-03-27T10:48:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/"},"modified":"2025-03-27T06:48:52","modified_gmt":"2025-03-27T10:48:52","slug":"urban-one-inc-reports-fourth-quarter-2024-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/","title":{"rendered":"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n SILVER SPRING, Md.<\/span>
\n <\/span>, March 27, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the three months ended December\u00a031, 2024. For the three months ended December\u00a031, 2024, net revenue was approximately $117<\/span>.1\u00a0million, a decrease of 2.7% from the same period in 2023. The Company reported an operating loss of approximately $1<\/span>.9\u00a0million for the three months ended December\u00a031, 2024, compared to operating income of approximately $6<\/span>.8\u00a0million for the three months ended December\u00a031, 2023. Broadcast and digital operating income1<\/sup> was approximately $38<\/span>.6\u00a0million, an increase of 1.7% from the same period in 2023. Net loss was approximately $35<\/span>.7\u00a0million or $(0.78)<\/span> per share (basic) for the three months ended December\u00a031, 2024 compared to net loss of $11<\/span>.0\u00a0million or $(0.23)<\/span> per share (basic) for the same period in 2023. Adjusted EBITDA2<\/sup>\u00a0was approximately $26<\/span>.9\u00a0million for the three months ended December\u00a031, 2024, compared to approximately $27<\/span>.1\u00a0million for the same period in 2023.<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Urban
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Alfred C. Liggins, III<\/span>, Urban One’s CEO and President stated, “Our Adjusted EBITDA of $103.5 million<\/span> came in at the mid-point of guidance, helped by strong political advertising revenues in the radio division. The radio\u00a0outperformance was offset by declines in both advertising and affiliate revenues at the cable TV segment, as audience delivery continued to underperform expectations. We are however seeing some stabilization in the first quarter cable TV delivery, which should help to mitigate the continuing decline of linear TV subscribers. First quarter core radio revenue demand weakened, with pacings down 13.6%, although the second quarter is showing signs of improvement, with core pacings currently down 1.7%. Our digital segment posted solid fourth quarter results, despite the challenging environment, with Adjusted EBITDA up 50.7% for the quarter. Cost containment and continued de-levering remains the focus for 2025, and the company remains in a strong position in terms of liquidity, with $137.1 million<\/span> of cash and cash equivalents at year-end.”<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Year Ended December 31, <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n STATEMENT OF OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n (in thousands, except share data)<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n (in thousands, except share data)<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET REVENUE<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 117,127<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 120,344<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 449,674<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 477,690<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OPERATING EXPENSES<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Programming and technical, excluding stock-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 35,409<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 36,580<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 135,235<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 136,884<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Selling, general and administrative, excluding stock-based
compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 43,117<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 45,807<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 174,258<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 172,440<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Corporate selling, general and administrative, excluding
stock-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 12,546<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23,251<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 50,579<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 53,583<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Stock-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,101<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,160<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,716<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,975<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,635<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 810<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,716<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,101<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Impairment of goodwill and intangible assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 24,174<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,972<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 151,755<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 129,278<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating expenses <\/span>\n <\/p>\n<\/td>\n

\n

\n 118,982<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 113,580<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 525,259<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 509,261<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Operating (loss) income<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,855)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,764<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (75,585)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (31,571)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST AND INVESTMENT INCOME<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,117<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,479<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,980<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,967<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST EXPENSE<\/span>\n <\/p>\n<\/td>\n

\n

\n 11,520<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,173<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 48,571<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 56,196<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n GAIN ON RETIREMENT OF DEBT<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,500<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23,271<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,356<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER (LOSS) INCOME, NET<\/span>\n <\/p>\n<\/td>\n

\n

\n (78)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (451)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 896<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 96,084<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (Loss) income before provision for income taxes and non-controlling
interest in income of subsidiaries <\/span>\n <\/p>\n<\/td>\n

\n

\n (7,836)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5,381)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (94,009)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17,640<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PROVISION FOR INCOME TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n 27,583<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,686<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,759<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,944<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME FROM CONSOLIDATED OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n

\n (35,419)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (8,067)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (103,768)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,696<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n LOSS FROM UNCONSOLIDATED JOINT VENTURE<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,403)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (411)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5,131)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME<\/span>\n <\/p>\n<\/td>\n

\n

\n (35,419)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (10,470)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (104,179)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,565<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCOME ATTRIBUTABLE TO NON-CONTROLLING
INTERESTS<\/span>\n <\/p>\n<\/td>\n

\n

\n 239<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 515<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,215<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,515<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME ATTRIBUTABLE TO COMMON
STOCKHOLDERS<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (35,658)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (10,985)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 (105,394)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,050<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Weighted-average shares outstanding – basic3<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 45,659,589<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 47,804,932<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 47,402,869<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 47,645,678<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Weighted-average shares outstanding – diluted4<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 45,659,589<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 47,804,932<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 47,402,869<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 50,243,810<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended December 31, 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (in thousands)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Consolidated<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Radio
Broadcasting<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Reach Media<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Cable
Television<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Digital<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Corporate\/
Eliminations\/
Other<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET REVENUE<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 117,127<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47,736<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,613<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 39,787<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20,497<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (506)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OPERATING EXPENSES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Programming and technical<\/span>\n <\/p>\n<\/td>\n

\n

\n 35,409<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,814<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,652<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,920<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,179<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (156)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Sales and marketing<\/span>\n <\/p>\n<\/td>\n

\n

\n 31,296<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,168<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,099<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,828<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10,599<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (398)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 24,367<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,636<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,119<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,006<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 668<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,938<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other segment income (expenses)<\/span>\n <\/p>\n<\/td>\n

\n

\n 815<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (281)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 146<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 478<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 252<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 220<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26,870<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14,837<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,889<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12,511<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,303<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (8,670)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended December 31, 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (in thousands)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Consolidated<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Radio
Broadcasting<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Reach Media<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Cable
Television<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Digital<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Corporate\/
Eliminations\/
Other<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET REVENUE<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 120,344<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 41,686<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,763<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47,312<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 21,159<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (576)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OPERATING EXPENSES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Programming and technical<\/span>\n <\/p>\n<\/td>\n

\n

\n 36,580<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,135<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,238<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,373<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,158<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (324)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Sales and marketing<\/span>\n <\/p>\n<\/td>\n

\n

\n 30,660<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,529<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,769<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,689<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,084<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (411)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 38,398<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10,813<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,442<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,598<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,177<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19,368<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other segment income<\/span>\n <\/p>\n<\/td>\n

\n

\n 12,411<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,260<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 103<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,190<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 778<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,080<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 27,117<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,469<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,417<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 21,842<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,518<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (10,129)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Year Ended December 31, 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (in thousands)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Consolidated<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Radio
Broadcasting<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Reach Media<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Cable
Television<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Digital<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Corporate\/
Eliminations\/
Other<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET REVENUE<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 449,674<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 165,803<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47,260<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 168,199<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 70,748<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,336)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OPERATING EXPENSES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Programming and technical<\/span>\n <\/p>\n<\/td>\n

\n

\n 135,235<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 46,357<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,475<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 60,610<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,683<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (890)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Sales and marketing<\/span>\n <\/p>\n<\/td>\n

\n

\n 130,858<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 49,521<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,003<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 31,412<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 35,695<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,773)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 93,979<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 30,693<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,148<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17,061<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,310<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 39,767<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other segment income (expenses)<\/span>\n <\/p>\n<\/td>\n

\n

\n 13,861<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 906<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (596)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 567<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (468)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,452<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 103,463<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 40,138<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12,038<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 59,683<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 17,592<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (25,988)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Year Ended December 31, 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (in thousands)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Consolidated<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Radio
Broadcasting<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Reach Media<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Cable
Television<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Digital<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Corporate\/
Eliminations\/
Other<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET REVENUE<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 477,690<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 156,214<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 52,888<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 196,207<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 75,495<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,114)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OPERATING EXPENSES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Programming and technical<\/span>\n <\/p>\n<\/td>\n

\n

\n 136,884<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 43,705<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,207<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 62,935<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,490<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,453)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Sales and marketing<\/span>\n <\/p>\n<\/td>\n

\n

\n 130,240<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 47,931<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17,660<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 30,539<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 36,317<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,207)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 95,783<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 29,967<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,283<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,158<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,708<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 42,667<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other segment income<\/span>\n <\/p>\n<\/td>\n

\n

\n 16,208<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,459<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 156<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,189<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 813<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,591<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 130,991<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 36,070<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14,894<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 88,764<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20,793<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (29,530)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Year Ended December 31, <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PER SHARE DATA – basic and diluted:<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n (in thousands, except per
share data)<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n (in thousands, except per
share data)<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net (loss) income attributable to common stockholders (basic)<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.78)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.23)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2.22)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.04<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net (loss) income attributable to common stockholders (diluted)<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.78)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.23)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2.22)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.04<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n SELECTED OTHER DATA<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Broadcast and digital operating income1<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 38,601<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 37,957<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 140,181<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 168,366<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Broadcast and digital operating income reconciliation:<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net (loss) income attributable to common stockholders<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (35,658)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (10,985)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 (105,394)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,050<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Add back\/(deduct) certain non-broadcast and digital
operating income items included in net (loss) income:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Interest and investment income<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,117)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,479)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5,980)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (6,967)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Interest expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 11,520<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,173<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 48,571<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 56,196<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Provision for income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 27,583<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,686<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,759<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,944<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Corporate selling, general and administrative expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 12,546<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23,251<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 50,579<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 53,583<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Stock-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,101<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,160<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,716<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,975<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Gain on retirement of debt<\/span>\n <\/p>\n<\/td>\n

\n

\n (4,500)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (23,271)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,356)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other loss (income), net<\/span>\n <\/p>\n<\/td>\n

\n

\n 78<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 451<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (896)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (96,084)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss from unconsolidated joint venture<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,403<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 411<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,131<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,635<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 810<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,716<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,101<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income attributable to non-controlling interests<\/span>\n <\/p>\n<\/td>\n

\n

\n 239<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 515<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,215<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,515<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Impairment of goodwill and intangible assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 24,174<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,972<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 151,755<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 129,278<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Broadcast and digital operating income<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 38,601<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 37,957<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 140,181<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 168,366<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Adjusted EBITDA2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26,870<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 27,117<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 103,463<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 130,991<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Adjusted EBITDA2<\/sup><\/span> reconciliation:<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net (loss) income attributable to common stockholders<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (35,658)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (10,985)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0 (105,394)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,050<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Interest and investment income<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,117)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,479)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5,980)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (6,967)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Interest expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 11,520<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,173<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 48,571<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 56,196<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Provision for income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 27,583<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,686<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,759<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,944<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,635<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 810<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,716<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,101<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n EBITDA<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,963<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,205<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (45,328)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 66,324<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Stock-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,101<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,160<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,716<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,975<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Gain on retirement of debt<\/span>\n <\/p>\n<\/td>\n

\n

\n (4,500)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (23,271)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,356)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other loss (income), net<\/span>\n <\/p>\n<\/td>\n

\n

\n 78<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 451<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (896)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (96,084)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss from unconsolidated joint venture<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,403<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 411<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,131<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income attributable to non-controlling interests<\/span>\n <\/p>\n<\/td>\n

\n

\n 239<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 515<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,215<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,515<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Corporate development costs, net<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,574)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,556<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,658<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,872<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Employment Agreement Award and other compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,832<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 169<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Severance-related costs<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,881<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 352<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,712<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 669<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Impairment of goodwill and intangible assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 24,174<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,972<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 151,755<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 129,278<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Investment income from MGM National Harbor<\/span>\n <\/p>\n<\/td>\n

\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (115)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss from ceased non-core businesses initiatives<\/span>\n <\/p>\n<\/td>\n

\n

\n 508<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 671<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,491<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,613<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26,870<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 27,117<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 103,463<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 130,991<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n December 31, 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n December 31, 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n SELECTED BALANCE SHEET DATA:<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n (in thousands)<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Cash and cash equivalents and restricted cash<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 137,574<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 233,570<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Intangible assets, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 490,024<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 645,979<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 944,790<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,211,173<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total debt (including current portion, net of issuance costs)<\/span>\n <\/p>\n<\/td>\n

\n

\n 579,069<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 716,246<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total liabilities<\/span>\n <\/p>\n<\/td>\n

\n

\n 765,857<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 920,588<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total stockholders’ equity<\/span>\n <\/p>\n<\/td>\n

\n

\n 170,945<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 274,065<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Redeemable non-controlling interests<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,988<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,520<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n <\/p>\n

December 31,
2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Applicable
Interest Rate<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n SELECTED LEVERAGE DATA:<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n (in thousands)<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n 7.375% senior secured notes due February 2028, net of issuance costs
of approximately $5.5 million (fixed rate)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 579,069<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7.375\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n Cautionary Note Regarding Forward-Looking Statements<\/b>\n <\/p>\n

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements represent management’s current expectations and are based upon information available to Urban One at the time of this release. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, some of which are beyond Urban One’s control, which may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially are described in Urban One’s reports on Forms 10-K, 10-Q, 8-K and other filings with the Securities and Exchange Commission (the “SEC”). Urban One does not undertake any duty to update any forward-looking statements.<\/p>\n

For the three months ended December\u00a031, 2024, we recognized approximately $117.1 million<\/span> in net revenue compared to approximately $120.3 million<\/span> during the three months ended December\u00a031, 2023. These amounts are net of agency commissions. We recognized approximately $47.7 million<\/span> of revenue from our Radio Broadcasting segment during the three months ended December\u00a031, 2024, compared to approximately $41.7<\/span> million\u00a0for the three months ended December\u00a031, 2023, an increase of approximately $6.0 million<\/span>, primarily driven by increased political revenue, offset by a decrease in local and national sales driven by lower demand. We recognized approximately $9.6 million<\/span> of revenue from our Reach Media segment during the three months ended December\u00a031, 2024, compared to approximately $10.8<\/span> million\u00a0for the three months ended December\u00a031, 2023, a decrease of approximately $1.2 million<\/span>. The decrease was primarily driven by lower demand and attrition of advertisers. We recognized approximately $20.5 million<\/span> of revenue from our Digital segment during the three months ended December\u00a031, 2024, compared to approximately $21.2 million<\/span> during the three months ended December\u00a031, 2023, a decrease of approximately $0.7 million<\/span>. The decrease was primarily driven by a decrease in national direct sales and lower demand from the Company’s advertisers. We recognized approximately $39.8<\/span> million\u00a0of revenue from our Cable Television segment during the three months ended December\u00a031, 2024, compared to approximately $47.3 million<\/span> during the three months ended December\u00a031, 2023, a decrease of approximately $7.5 million<\/span>. The decrease was primarily driven by a decrease in audience viewership affecting advertising sales and the continued churn in subscribers.<\/p>\n

The following charts indicate the sources of our net revenues for the three months and year ended December\u00a031, 2024:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n % Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net Revenue:<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (in thousands)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Radio advertising<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 43,978<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47,814<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,836)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (8.0)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Political advertising<\/span>\n <\/p>\n<\/td>\n

\n

\n 13,479<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,948<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,531<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 591.9\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Digital advertising<\/span>\n <\/p>\n<\/td>\n

\n

\n 18,082<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20,838<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,756)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (13.2)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Cable television advertising<\/span>\n <\/p>\n<\/td>\n

\n

\n 21,226<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 27,021<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5,795)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (21.4)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Cable television affiliate fees<\/span>\n <\/p>\n<\/td>\n

\n

\n 18,161<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20,158<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,997)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (9.9)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Event revenues & other<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,201<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,565<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (364)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (14.2)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 117,127<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 120,344<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,217)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2.7)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Year Ended December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n % Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net Revenue:<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (in thousands)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Radio advertising<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 175,731<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 182,362<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (6,631)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3.6)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Political advertising<\/span>\n <\/p>\n<\/td>\n

\n

\n 20,439<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,881<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,558<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 426.6\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Digital advertising<\/span>\n <\/p>\n<\/td>\n

\n

\n 66,992<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 74,866<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (7,874)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (10.5)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Cable television advertising<\/span>\n <\/p>\n<\/td>\n

\n

\n 90,604<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 108,307<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (17,703)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (16.3)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Cable television affiliate fees<\/span>\n <\/p>\n<\/td>\n

\n

\n 77,071<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 87,747<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (10,676)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (12.2)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Event revenues & other<\/span>\n <\/p>\n<\/td>\n

\n

\n 18,837<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20,527<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,690)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (8.2)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net revenue (as reported)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 449,674<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 477,690<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (28,016)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5.9)\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

Operating expenses, excluding depreciation and amortization, stock-based compensation, and impairment of goodwill and intangible assets, were\u00a0approximately $91.1 million<\/span> for the three months ended December\u00a031, 2024, compared to approximately $105.6 million<\/span> for the comparable period in 2023. The overall\u00a0decrease in operating expenses was primarily due to lower expenses across most segments, and higher third-party professional fees.<\/p>\n

Depreciation and amortization expense was approximately $1<\/span>.6\u00a0million for the three months ended December\u00a031, 2024, compared to approximately $0<\/span>.8\u00a0million for the three months ended December\u00a031, 2023, an increase of approximately $0<\/span>.8\u00a0million due to\u00a0a higher overall balance of depreciable assets for the three months ended December\u00a031, 2024.<\/p>\n

Impairment of goodwill and intangible assets was approximately $24<\/span>.2\u00a0million during the three months ended December\u00a031, 2024, compared to approximately $5<\/span>.0\u00a0million for the three months ended December\u00a031, 2023. The impairment loss of $24<\/span>.2\u00a0million in the three months ended December\u00a031, 2024 was driven by\u00a0approximately $4<\/span>.0\u00a0million\u00a0associated with the TV One Trade Name and approximately $20<\/span>.2\u00a0million associated with TV One reporting. The primary factors leading to the impairments were\u00a0a continued decline of projected gross market revenues for TV One and a decline in operating profit margin.<\/p>\n

Interest and Investment income was approximately $1<\/span>.1\u00a0million for the three months ended December\u00a031, 2024, compared to approximately $2<\/span>.5\u00a0million for the three months ended December\u00a031, 2023. The decrease\u00a0was driven by lower cash and cash equivalents balances during the three months ended December\u00a031, 2024, than in the corresponding period in 2023.<\/p>\n

Interest expense was approximately $11<\/span>.5\u00a0million for the three months ended December\u00a031, 2024, compared to approximately $14<\/span>.2\u00a0million for the three months ended December\u00a031, 2023, a decrease of approximately $2<\/span>.7\u00a0million. During the three months ended December\u00a031, 2024, the Company repurchased $15.4 million<\/span> of its 2028 Notes at an average price of 69.8% of par, reducing the outstanding balance to $584.6 million<\/span> compared to $725.0 million<\/span> as of December\u00a031, 2023. In January 2025<\/span>, the Company repurchased an additional $17.0 million<\/span> of its 2028 Notes at an average price of 62.5% of par, reducing the current balance to $567.6 million<\/span>. The company made cash interest payments of $0.3 million<\/span> during the three months ended December\u00a031, 2024.<\/p>\n

For the three months ended December\u00a031, 2024, we recorded a provision for income taxes of approximately $27.6 million<\/span> on the pre-tax loss of approximately $7.8 million<\/span> resulting with an annual effective tax rate of 352.0%. The difference between the effective rate and the Company’s statutory rate relates primarily to the effect of state taxes, changes in our valuation allowance, uncertain tax positions, and permanent differences associated with non-deductible officer compensation. For the three months ended December\u00a031, 2023, we recorded a provision for income taxes of approximately $2.7 million<\/span> on pre-tax loss of approximately $5.4 million<\/span> resulting with an annual effective tax rate of 49.9%. The difference between the effective rate and the Company’s statutory rate relates primarily to the effect of state taxes, uncertain tax positions, Internal Revenue Code (“IRC”) Section 382 adjustments, and permanent differences associated with non-deductible officer compensation. In general, permanent book to tax differences have a greater impact on pre-tax income when the income is lower in the given period. The Company paid income taxes of $0.1 million<\/span> for the three months ended December\u00a031, 2024.<\/p>\n

Other pertinent financial information includes capital expenditures of approximately $1<\/span>.3\u00a0million and $1<\/span>.9\u00a0million for the three months ended December\u00a031, 2024\u00a0and 2023, respectively.<\/p>\n

During the three months ended December\u00a031, 2024, the Company repurchased 1,386,544 shares of Class A Common Stock in the amount of approximately $2.1 million<\/span> at an average price of $1.50<\/span> per share, of which 908,894 shares of Class A were held in treasury stock as of December\u00a031, 2024. During the three months ended December\u00a031, 2024, the Company repurchased 703,292 shares of Class D Common Stock in the amount of approximately $0.7 million<\/span> at an average price of $1.02<\/span> per share. During the three months ended December\u00a031, 2023, the Company did not repurchase any shares of Class A or Class D Common Stock.<\/p>\n

\n Supplemental Financial Information:<\/b>\n <\/p>\n

For comparative purposes, the following more detailed statements of operations for the three months and year ended December 31, 2024<\/span> are included.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended December 31, 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n
\n (in thousands)<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Consolidated<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Radio<\/b>
\n <\/span>\n <\/p>\n

\n
\n Broadcasting<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Reach<\/b>
\n <\/span>\n <\/p>\n

\n
\n Media<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Digital<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Cable<\/b>
\n <\/span>\n <\/p>\n

\n
\n Television<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n All Other – <\/b>
\n <\/span>\n <\/p>\n

\n
\n Corporate\/<\/b>
\n <\/span>\n <\/p>\n

\n
\n Eliminations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET REVENUE<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 117,127<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47,736<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,613<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20,497<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 39,787<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (506)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OPERATING EXPENSES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Programming and technical <\/span>\n <\/p>\n<\/td>\n

\n

\n 35,409<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,814<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,652<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,179<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,920<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (156)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Selling, general and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 43,117<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20,804<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,382<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,267<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,073<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (409)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Corporate selling, general and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 12,546<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 836<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,761<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,949<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Stock-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,101<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 285<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 39<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 36<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 307<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,434<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,635<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,163<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (18)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 374<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 63<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 53<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Impairment of goodwill and intangible assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 24,174<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,174<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 118,982<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 34,066<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,891<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,856<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 52,298<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,871<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Operating (loss) income<\/span>\n <\/p>\n<\/td>\n

\n

\n (1,855)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,670<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,722<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,641<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (12,511)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (10,377)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST AND INVESTMENT INCOME<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,117<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,117<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST EXPENSE<\/span>\n <\/p>\n<\/td>\n

\n

\n 11,520<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 60<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,461<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n GAIN ON RETIREMENT OF DEBT<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,500<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,500<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER LOSS, NET<\/span>\n <\/p>\n<\/td>\n

\n

\n (78)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (18)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (10)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (50)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (Loss) income before provision for (benefit from)
income taxes and non-controlling interest in income of subsidiaries<\/span>\n <\/p>\n<\/td>\n

\n

\n (7,836)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,592<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,722<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,631<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (12,510)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (16,271)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PROVISION FOR (BENEFIT FROM) INCOME TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n 27,583<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,055<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,213<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,976<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (383)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,722<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME<\/span>\n <\/p>\n<\/td>\n

\n

\n (35,419)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,537<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,509<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (4,345)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (12,127)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (29,993)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS<\/span>\n <\/p>\n<\/td>\n

\n

\n 239<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,215<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (976)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (35,658)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,537<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 294<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (4,345)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (12,127)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (29,017)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 26,870<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14,837<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,889<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,303<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12,511<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (8,670)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Three Months Ended December 31, 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n
\n (in thousands)<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Consolidated<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Radio<\/b>
\n <\/span>\n <\/p>\n

\n
\n Broadcasting<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Reach<\/b>
\n <\/span>\n <\/p>\n

\n
\n Media<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Digital<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Cable<\/b>
\n <\/span>\n <\/p>\n

\n
\n Television<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n All Other – <\/b>
\n <\/span>\n <\/p>\n

\n
\n Corporate\/<\/b>
\n <\/span>\n <\/p>\n

\n
\n Eliminations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET REVENUE<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 120,344<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 41,686<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,763<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 21,159<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47,312<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (576)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OPERATING EXPENSES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Programming and technical <\/span>\n <\/p>\n<\/td>\n

\n

\n 36,580<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,135<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,238<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,158<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,373<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (324)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Selling, general and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 45,807<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23,342<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,026<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,261<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,381<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (203)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Corporate selling, general and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 23,251<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,185<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,906<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19,160<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Stock-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,160<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 616<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (180)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 42<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,681<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 810<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 977<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 42<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 275<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 42<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (526)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Impairment of goodwill and intangible assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,972<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,972<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 113,580<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 41,042<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,311<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 18,736<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 26,703<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19,788<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Operating income (loss)<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,764<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 644<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,452<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,423<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20,609<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (20,364)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST AND INVESTMENT INCOME<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,479<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,479<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST EXPENSE<\/span>\n <\/p>\n<\/td>\n

\n

\n 14,173<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 56<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,117<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER (LOSS) INCOME, NET<\/span>\n <\/p>\n<\/td>\n

\n

\n (451)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (465)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (Loss) income before provision for (benefit from)
income taxes and non-controlling interest in income of subsidiaries<\/span>\n <\/p>\n<\/td>\n

\n

\n (5,381)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 602<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,452<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,423<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20,609<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (32,467)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PROVISION FOR (BENEFIT FROM) INCOME TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,686<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,598<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,207<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 654<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,560<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (9,333)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME FROM CONSOLIDATED OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n

\n (8,067)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,996)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,245<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,769<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,049<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (23,134)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n LOSS FROM UNCONSOLIDATED JOINT VENTURE, NET OF TAX<\/span>\n <\/p>\n<\/td>\n

\n

\n (2,403)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,403)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME<\/span>\n <\/p>\n<\/td>\n

\n

\n (10,470)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,996)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,245<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,769<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,049<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (25,537)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS<\/span>\n <\/p>\n<\/td>\n

\n

\n 515<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 515<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (10,985)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,996)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,245<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,769<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 13,049<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (26,052)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 27,117<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,469<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,417<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,518<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 21,842<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (10,129)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Year Ended December 31, 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n
\n (in thousands)<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Consolidated<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Radio <\/b>
\n <\/span>\n <\/p>\n

\n
\n Broadcasting<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Reach<\/b>
\n <\/span>\n <\/p>\n

\n
\n Media<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Digital<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Cable<\/b>
\n <\/span>\n <\/p>\n

\n
\n Television<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n All Other – <\/b>
\n <\/span>\n <\/p>\n

\n
\n Corporate\/<\/b>
\n <\/span>\n <\/p>\n

\n
\n Eliminations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET REVENUE<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 449,674<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 165,803<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 47,260<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 70,748<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 168,199<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2,336)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OPERATING EXPENSES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Programming and technical <\/span>\n <\/p>\n<\/td>\n

\n

\n 135,235<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 46,357<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,475<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,683<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 60,610<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (890)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Selling, general and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 174,258<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 80,214<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17,237<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 37,995<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 40,584<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,772)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Corporate selling, general and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 50,579<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,914<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,889<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 39,766<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Stock-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,716<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 647<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 117<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 174<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,118<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,660<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,716<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,634<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 103<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,589<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 411<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 979<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Impairment of goodwill and intangible assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 151,755<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 118,492<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 33,263<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 525,259<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 250,344<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 34,846<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 54,451<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 143,875<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 41,743<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Operating (loss) income<\/span>\n <\/p>\n<\/td>\n

\n

\n (75,585)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (84,541)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,414<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,297<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,324<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (44,079)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST AND INVESTMENT INCOME<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,980<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,980<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST EXPENSE<\/span>\n <\/p>\n<\/td>\n

\n

\n 48,571<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 235<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 48,337<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n GAIN ON RETIREMENT OF DEBT<\/span>\n <\/p>\n<\/td>\n

\n

\n 23,271<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23,271<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER INCOME (LOSS), NET<\/span>\n <\/p>\n<\/td>\n

\n

\n 896<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (30)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (10)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 936<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (Loss) income before provision for (benefit from)
income taxes and non-controlling interest in income of subsidiaries<\/span>\n <\/p>\n<\/td>\n

\n

\n (94,009)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (84,806)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,414<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,287<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,325<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (62,229)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PROVISION FOR (BENEFIT FROM) INCOME TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,759<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (18,368)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,327<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,133<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,699<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,968<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME FROM CONSOLIDATED OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n

\n (103,768)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (66,438)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,087<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,154<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,626<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (71,197)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n LOSS FROM UNCONSOLIDATED JOINT VENTURE, net of tax<\/span>\n <\/p>\n<\/td>\n

\n

\n (411)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (411)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME<\/span>\n <\/p>\n<\/td>\n

\n

\n (104,179)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (66,438)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,087<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,154<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,626<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (71,608)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,215<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,215<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0 (105,394)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (66,438)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,872<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,154<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 16,626<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (71,608)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 103,463<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 40,138<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12,038<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 17,592<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 59,683<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (25,988)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n Year Ended December 31, 2023<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n
\n (in thousands)<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Consolidated<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Radio <\/b>
\n <\/span>\n <\/p>\n

\n
\n Broadcasting<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Reach<\/b>
\n <\/span>\n <\/p>\n

\n
\n Media<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Digital<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Cable<\/b>
\n <\/span>\n <\/p>\n

\n
\n Television<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n All Other – <\/b>
\n <\/span>\n <\/p>\n

\n
\n Corporate\/<\/b>
\n <\/span>\n <\/p>\n

\n
\n Eliminations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET REVENUE<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 477,690<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 156,214<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 52,888<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 75,495<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 196,207<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,114)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OPERATING EXPENSES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Programming and technical <\/span>\n <\/p>\n<\/td>\n

\n

\n 136,884<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 43,705<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,207<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,490<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 62,935<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,453)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Selling, general and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 172,440<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 77,898<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 18,747<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 40,022<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 37,769<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,996)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Corporate selling, general and administrative<\/span>\n <\/p>\n<\/td>\n

\n

\n 53,583<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,196<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,928<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 42,456<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Stock-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,975<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,063<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 445<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 176<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 575<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,716<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,101<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,707<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 162<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,352<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,369<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 511<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Impairment of goodwill and intangible assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 129,278<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 129,278<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total operating expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 509,261<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 255,651<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 38,757<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 57,043<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 110,576<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 47,234<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Operating (loss) income<\/span>\n <\/p>\n<\/td>\n

\n

\n (31,571)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (99,437)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,131<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 18,452<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 85,631<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (50,348)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST AND INVESTMENT INCOME<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,967<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,967<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST EXPENSE<\/span>\n <\/p>\n<\/td>\n

\n

\n 56,196<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 222<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,559<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 53,415<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n GAIN ON RETIREMENT OF DEBT<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,356<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,356<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER INCOME, NET<\/span>\n <\/p>\n<\/td>\n

\n

\n 96,084<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 96,077<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income (loss) before provision for (benefit from)
income taxes and non-controlling interest in income of subsidiaries<\/span>\n <\/p>\n<\/td>\n

\n

\n 17,640<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (99,652)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,131<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 18,452<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 83,072<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,637<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PROVISION FOR (BENEFIT FROM) INCOME TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,944<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (21,937)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,549<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 654<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21,265<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,413<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCOME (LOSS) FROM CONSOLIDATED OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,696<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (77,715)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10,582<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17,798<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 61,807<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,776)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n LOSS FROM UNCONSOLIDATED JOINT VENTURE, net of tax<\/span>\n <\/p>\n<\/td>\n

\n

\n (5,131)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5,131)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCOME (LOSS)<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,565<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (77,715)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10,582<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17,798<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 61,807<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (7,907)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,515<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,515<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,050<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (77,715)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,582<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 17,798<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 61,807<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (10,422)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 130,991<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 36,070<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14,894<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20,793<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 88,764<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (29,530)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

Urban One, Inc. will hold a conference call to discuss its results for the fourth fiscal quarter of 2024. The conference call is scheduled for Thursday, March 27, 2025<\/span> at 10:00 a.m. EDT<\/span>. To participate on this call, U.S. callers may dial toll-free (+1) 888-596-4144; international callers may dial direct (+1) 646-968-2525. The Access Code is 3407726.<\/p>\n

A replay of the conference call will be available from 2:00 p.m. EDT<\/span>March 27, 2025<\/span> until 11:59 p.m. EDT<\/span>April 3, 2025<\/span>. Callers may access the replay by calling (+1) 800-770-2030; international callers may dial direct (+1) 609-800-9909. The replay Access Code is 3407726.<\/p>\n

Access to live audio and a replay of the conference call will also be available on Urban One’s corporate website at www.urban1.com<\/a>. The replay will be made available on the website for seven days after the call.<\/p>\n

\n Urban One Inc.<\/b> (urban1.com), together with its subsidiaries, is the largest diversified media company that primarily targets Black Americans and urban consumers in the United States<\/span>. The Company owns TV One, LLC<\/b> (tvone.tv), a television network serving more than 37 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 27, 2025<\/span>, we owned and\/or operated 72 independently formatted, revenues producing broadcast stations (including 57 FM or AM stations, 13 HD stations, and the 2 low power television stations) branded under the trade name “Radio One” in 13 urban markets in the United States<\/span>. Through its controlling interest in Reach Media, Inc.<\/b> (blackamericaweb.com), the Company also operates syndicated programming including the Rickey Smiley Morning Show<\/span>, and the DL Hughley Show. In addition to its radio and television broadcast assets, Urban One owns iOne Digital<\/b> (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.<\/p>\n

\n Notes:<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n
\n

\n
\n 1<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n “Broadcast and digital operating income”: The radio broadcasting industry commonly refers to “station operating income” which consists of net (loss) income before depreciation and amortization, income taxes, interest expense, interest and investment income, non-controlling interests in income of subsidiaries, other income, net, loss from unconsolidated joint venture, corporate selling, general and administrative expenses, stock-based compensation, impairment of goodwill and intangible assets, and (gain) loss on retirement of debt. However, given the diverse nature of our business, station operating income is not truly reflective of our multi-media operation and, therefore, we use the term “broadcast and digital operating income.” Broadcast and digital operating income is not a measure of financial performance under GAAP. Nevertheless, broadcast and digital operating income is a significant measure used by our management to evaluate the operating performance of our core operating segments. Broadcast and digital operating income provides helpful information about our results of operations, apart from expenses associated with our fixed assets and goodwill and intangible assets, income taxes, investments, impairment charges, debt financings and retirements, corporate overhead, and stock-based compensation. Our measure of broadcast and digital operating income is similar to industry use of station operating income; however, it reflects our more diverse business and therefore is not completely analogous to “station operating income” or other similarly titled measures as used by other companies. Broadcast and digital operating income does not represent operating income or loss, or cash flow from operating activities, as those terms are defined under GAAP, and should not be considered as an alternative to those measurements as an indicator of our performance.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n 2<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n “Adjusted EBITDA”: Adjusted EBITDA consists of net (loss) income plus (1) depreciation and amortization, income taxes, interest expense, net income attributable to non-controlling interests, impairment of goodwill and intangible assets, stock-based compensation, (gain) loss on retirement of debt, employment agreement award and other compensation, corporate development costs, severance-related costs, investment income, loss from unconsolidated joint venture, loss from ceased non-core business initiatives less (2) other income, net and interest and investment income. Net (loss) income before interest income, interest expense, income taxes, depreciation and amortization is commonly referred to in our business as “EBITDA.” Adjusted EBITDA and EBITDA are not measures of financial performance under GAAP. We believe Adjusted EBITDA is often a useful measure of a company’s operating performance and is a significant measure used by our management to evaluate the operating performance of our business. Accordingly, based on the previous description of Adjusted EBITDA, we believe that it provides useful information about the operating performance of our business, apart from the expenses associated with our fixed assets and goodwill and intangible assets or capital structure. Adjusted EBITDA is frequently used as one of the measures for comparing businesses in the broadcasting industry, although our measure of Adjusted EBITDA may not be comparable to similarly titled measures of other companies, including, but not limited to the fact that our definition includes the results of all four of our operating segments (Radio Broadcasting, Reach Media, Digital, and Cable Television). Business activities unrelated to these four segments are included in an “all other” category which the Company refers to as “All other – corporate\/eliminations”. Adjusted EBITDA and EBITDA do not purport to represent operating income or cash flow from operating activities, as those terms are defined under GAAP, and should not be considered as alternatives to those measurements as an indicator of our performance.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n 3<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n For the three months ended December\u00a031, 2024 and 2023, Urban One had 45,659,589 and 47,804,932 shares of common stock outstanding on a weighted average basis (basic), respectively. For the year ended December\u00a031, 2024 and 2023, Urban One had 47,402,869 and 47,645,678 shares of common stock outstanding on a weighted average basis (basic), respectively.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n 4<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n For the three months ended December\u00a031, 2024 and 2023, Urban One had 45,659,589 and 47,804,932 shares of common stock outstanding on a weighted average basis (fully diluted for outstanding stock awards), respectively. For the year ended December\u00a031, 2024 and 2023, Urban One had 47,402,869 and 50,243,810 shares of common stock outstanding on a weighted average basis (fully diluted for outstanding stock awards), respectively.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/urban-one-inc-reports-fourth-quarter-2024-results-302412648.html<\/a><\/p>\n

SOURCE Urban One, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SILVER SPRING, Md. , March 27, 2025 \/PRNewswire\/ —\u00a0Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the three months ended December\u00a031, 2024. For the three months ended December\u00a031, 2024, net revenue was approximately $117.1\u00a0million, a decrease of 2.7% from the same period in 2023. The Company reported an operating loss of approximately $1.9\u00a0million for the three months ended December\u00a031, 2024, compared to operating income of approximately $6.8\u00a0million for the three months ended December\u00a031, 2023. Broadcast and digital operating income1 was approximately $38.6\u00a0million, an increase of 1.7% from the same period in 2023. Net loss was approximately $35.7\u00a0million or $(0.78) per share (basic) for the three months ended December\u00a031, 2024 compared to net loss of … <\/p>\n

Continue reading “URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830398","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nURBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SILVER SPRING, Md. , March 27, 2025 \/PRNewswire\/ —\u00a0Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the three months ended December\u00a031, 2024. For the three months ended December\u00a031, 2024, net revenue was approximately $117.1\u00a0million, a decrease of 2.7% from the same period in 2023. The Company reported an operating loss of approximately $1.9\u00a0million for the three months ended December\u00a031, 2024, compared to operating income of approximately $6.8\u00a0million for the three months ended December\u00a031, 2023. Broadcast and digital operating income1 was approximately $38.6\u00a0million, an increase of 1.7% from the same period in 2023. Net loss was approximately $35.7\u00a0million or $(0.78) per share (basic) for the three months ended December\u00a031, 2024 compared to net loss of … Continue reading "URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-27T10:48:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/509218\/Urban_One_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"17 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS\",\"datePublished\":\"2025-03-27T10:48:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/\"},\"wordCount\":3375,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/509218\\\/Urban_One_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/\",\"name\":\"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/509218\\\/Urban_One_Logo.jpg\",\"datePublished\":\"2025-03-27T10:48:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/509218\\\/Urban_One_Logo.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/509218\\\/Urban_One_Logo.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/urban-one-inc-reports-fourth-quarter-2024-results\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/","og_locale":"en_US","og_type":"article","og_title":"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS - Market Newsdesk","og_description":"PR Newswire SILVER SPRING, Md. , March 27, 2025 \/PRNewswire\/ —\u00a0Urban One, Inc. (NASDAQ: UONEK and UONE) today reported its results for the three months ended December\u00a031, 2024. For the three months ended December\u00a031, 2024, net revenue was approximately $117.1\u00a0million, a decrease of 2.7% from the same period in 2023. The Company reported an operating loss of approximately $1.9\u00a0million for the three months ended December\u00a031, 2024, compared to operating income of approximately $6.8\u00a0million for the three months ended December\u00a031, 2023. Broadcast and digital operating income1 was approximately $38.6\u00a0million, an increase of 1.7% from the same period in 2023. Net loss was approximately $35.7\u00a0million or $(0.78) per share (basic) for the three months ended December\u00a031, 2024 compared to net loss of … Continue reading \"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-27T10:48:52+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/509218\/Urban_One_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"17 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS","datePublished":"2025-03-27T10:48:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/"},"wordCount":3375,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/509218\/Urban_One_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/","name":"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/509218\/Urban_One_Logo.jpg","datePublished":"2025-03-27T10:48:52+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/#primaryimage","url":"https:\/\/mma.prnewswire.com\/media\/509218\/Urban_One_Logo.jpg","contentUrl":"https:\/\/mma.prnewswire.com\/media\/509218\/Urban_One_Logo.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-one-inc-reports-fourth-quarter-2024-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"URBAN ONE, INC. REPORTS FOURTH QUARTER 2024 RESULTS"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/830398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=830398"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/830398\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=830398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=830398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=830398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}