MediaCo Holding(MDIA)

Search documents
MediaCo Holding(MDIA) - 2023 Q2 - Quarterly Report
2023-08-10 11:36
Revenue Performance - Net revenues for the three months ended June 30, 2023, decreased by $451,000 (3.6%) to $12,080,000 compared to $12,531,000 in the same period of 2022[105]. - For the six months ended June 30, 2023, net revenues decreased by $1,229,000 (6.0%) to $19,415,000 from $20,644,000 in the prior year, primarily due to declines in healthcare spending and advertising[105]. - The gross revenues reported to Miller Kaplan for the New York radio market decreased by 6.1% for the six months ended June 30, 2023, while the company's gross revenues were down 12.3% in the same period[106]. Operating Expenses - Operating expenses excluding depreciation and amortization for the three months ended June 30, 2023, were $11,046,000, a decrease of $278,000 (2.5%) from $11,324,000 in 2022[107]. - Corporate expenses decreased by $337,000 (25.2%) to $1,002,000 for the three months ended June 30, 2023, compared to $1,339,000 in 2022[108]. - Depreciation and amortization expense increased by $48,000 (48.0%) to $100,000 for the three months ended June 30, 2023, due to intangible software costs related to updated websites and mobile applications[109]. Financial Losses - Operating loss for the three months ended June 30, 2023, was $116,000, a decrease of 50.0% compared to $232,000 in 2022; for the six months, the loss was $2,022,000, an increase of 50.4% from $1,344,000 in 2022[111]. - Consolidated net loss for the three months ended June 30, 2023, was $421,000, an improvement of 85.5% from $2,903,000 in 2022; for the six months, the loss was $2,528,000, a reduction of 64.9% from $7,196,000 in 2022[114]. Cash Flow and Working Capital - Cash, cash equivalents, and restricted cash as of June 30, 2023, totaled $10.1 million, down from $15.3 million at December 31, 2022; net working capital decreased slightly from $15.2 million to $13.8 million[116]. - Cash flows used by continuing operating activities were $3.7 million for the six months ended June 30, 2023, compared to cash flows provided of $3.3 million in 2022, primarily due to income tax payments and lower collections of accounts receivable[118]. - Cash flows used in continuing investing activities were $0.9 million for the six months ended June 30, 2023, related to capital expenditures for a new digital platform and office space, compared to $1.0 million in 2022 for software purchases[119]. - Cash flows used in continuing financing activities were $1.0 million for the six months ended June 30, 2023, down from $2.1 million in 2022, mainly due to stock repurchases and tax obligations[120]. Debt and Interest - Interest expense, net, significantly decreased to $116,000 for the three months ended June 30, 2023, down 94.0% from $1,929,000 in 2022; for the six months, it decreased to $219,000, down 94.5% from $4,006,000 in 2022[112]. - As of June 30, 2023, the company had $6.0 million of outstanding promissory notes to Emmis, classified as long-term with no debt service requirements over the next twelve months[117]. Strategic Initiatives - The company sold its Fairway outdoor advertising business, classifying related assets and liabilities as discontinued operations, impacting financial results significantly[90]. - The company is actively evaluating potential acquisitions to leverage strengths and enhance long-term value[100]. - The company continues to evaluate potential acquisitions that promise long-term value appreciation and leverage its strengths[117]. - The company has focused on enhancing digital capabilities, including interactive websites and mobile applications, to engage listeners and explore new business opportunities[98]. Tax Provisions - The provision for income taxes for the three months ended June 30, 2023, was $76,000, a slight increase from $75,000 in 2022, primarily due to additional valuation allowance recognition[113]. Economic Environment - The rising interest rate environment has impacted the company, increasing the cost of potential future borrowings[101].
MediaCo Holding(MDIA) - 2023 Q1 - Quarterly Report
2023-05-11 11:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001-39029 _________________ ...
MediaCo Holding(MDIA) - 2022 Q4 - Annual Report
2023-03-31 11:28
MEDIACO HOLDING INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 for the Fiscal Year Ended December 31, 2022 o Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Commission File Number 001-39029 (Exact name of registrant as specified in its charter) Indiana (State of incorporation or organization) 84-2427771 (I.R.S. Employer Identificat ...
MediaCo Holding(MDIA) - 2022 Q3 - Quarterly Report
2022-11-14 21:14
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001-39029 _____________ ...
MediaCo Holding(MDIA) - 2022 Q2 - Quarterly Report
2022-08-12 11:27
For the quarterly period ended June 30, 2022 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001-39029 ______________________________________ MEDIACO HOLDING INC. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15( ...
MediaCo Holding(MDIA) - 2022 Q1 - Quarterly Report
2022-05-12 11:27
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001-39029 MEDIACO HOLDING INC. (Exact name of registrant as specified in its charter) INDIANA (State of incorporation or or ...
MediaCo Holding(MDIA) - 2021 Q4 - Annual Report
2022-03-24 11:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) MEDIACO HOLDING INC. INDIANA (State of incorporation or organization) 84-2427771 (I.R.S. Employer Identification No.) FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 for the Fiscal Year Ended December 31, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Commission File Number 0 ...
MediaCo Holding(MDIA) - 2021 Q3 - Quarterly Report
2021-11-12 11:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001-39029 MEDIACO HOLDING INC. (Exact name of registrant as specified in its charter) INDIANA (State of incorporation o ...
MediaCo Holding(MDIA) - 2021 Q2 - Quarterly Report
2021-08-13 10:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number 001-39029 MEDIACO HOLDING INC. (Exact name of registrant as specified in its charter) INDIANA (State of incorporation or org ...
MediaCo Holding(MDIA) - 2021 Q1 - Quarterly Report
2021-05-24 10:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 Commission File Number 001-39029 40 MONUMENT CIRCLE, SUITE 700 INDIANAPOLIS, INDIANA 46204 (Address of principal executive offices) (317) 266-0100 (Registrant's Telephone Number, Including Area Code) NOT APPLICABLE (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report ...