Core Viewpoint - Radio One, Inc. is implementing a 10-for-1 reverse stock split to comply with Nasdaq's minimum bid price requirement, aiming to stabilize its stock price and improve market perception [1][2][6] Company Overview - Radio One, Inc. is a media company focused on radio broadcasting for African American audiences, competing with major players like iHeartMedia and Cumulus Media [1] - The company's stock opened at $0.87, with a market capitalization of approximately $39 million [3] Financial Performance - In the latest earnings report, Radio One reported a loss of $0.06 per share and a negative net margin of 32.55%, while achieving a positive return on equity of 1.85% [5] - The company generated revenue of $92.68 million for the quarter [5] Stock and Market Metrics - The stock's price-to-earnings (PE) ratio is -0.31, indicating negative earnings, and it has a beta of 0.38, suggesting lower volatility compared to the broader market [3][6] - Over the past year, the stock fluctuated between a low of $0.87 and a high of $1.90 [3] Liquidity and Leverage - Radio One has a current and quick ratio of 2.59, indicating a strong liquidity position [4][6] - The company has a high debt-to-equity ratio of 6.14, reflecting significant leverage [4][6] Stock Split Details - The reverse stock split will take effect at 11:59 p.m. on January 22, 2026, with trading on a split-adjusted basis commencing shortly thereafter [5]

Core Viewpoint - Radio One, Inc. (NASDAQ:UONE) is implementing a reverse stock split to comply with Nasdaq's minimum bid price requirement, consolidating every 10 shares into 1 share, effective January 23, 2026 [1][5] Financial Performance - UONE's current stock price is $0.88, with a market capitalization of approximately $22.57 million, and it has fluctuated between $0.87 and $0.89 today [2][5] - Over the past year, the stock has experienced a low of $0.87 and a high of $1.90, indicating significant volatility [2] - The company reported a loss of $0.06 per share in its last earnings report, with a negative net margin of 32.55% [3] - Despite the losses, UONE achieved a positive return on equity of 1.85% and generated $92.68 million in revenue for the quarter [4] Financial Ratios - UONE has a current and quick ratio of 2.59, indicating a strong ability to cover short-term liabilities [3][5] - The company has a high debt-to-equity ratio of 6.14, suggesting significant leverage and potential financial risk [3][5] Stock Trends - The stock's 50-day simple moving average is $1.14, while the 200-day average is $1.39, reflecting recent price trends [4]

Core Viewpoint - Urban One, Inc. has announced a reverse stock split of its common stock at a ratio of 10 for 1 to comply with Nasdaq's minimum bid price requirement for its Class D Common Stock [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect at 11:59 p.m. on January 22, 2026, with trading on a split-adjusted basis starting on January 23, 2026 [3]. - Every 10 shares of Class A and Class D Common Stock will be converted into one share of the respective class [4]. - No fractional shares will be issued; instead, stockholders will receive cash equivalent to the closing sales price on the Effective Date for any fractional shares [5]. Group 2: Impact on Shareholders - The reverse stock split will be applied uniformly across all classes of common stock, ensuring that stockholders' percentage of ownership and voting power remains unchanged, aside from minor adjustments due to fractional shares [6]. - The reverse stock split will not affect the company's underlying business operations or total stockholders' equity [6]. Group 3: Company Overview - Urban One, Inc. is the largest diversified media company targeting Black Americans and urban consumers in the U.S., owning TV One and operating 74 broadcast stations across major African-American markets [7]. - The company also has a controlling interest in Reach Media, Inc., providing syndicated programming, and owns iOne Digital, a platform serving the African American community through various digital brands [7].

Core Viewpoint - Urban One, Inc. has announced the expiration and final results of its offers to exchange and purchase existing senior secured notes, indicating strong participation from eligible holders and a strategic move to refinance its debt obligations [1][2]. Offer Details - The company offered to exchange its outstanding 7.375% Senior Secured Notes due 2028 for newly issued 7.625% Second Lien Senior Secured Notes due 2031 and cash [1]. - The tender offer aimed to purchase up to $185 million of the existing notes for up to $111 million in cash [1]. - Additionally, the company provided a subscription offer for up to $60.6 million in newly issued 10.500% First Lien Senior Secured Notes due 2030 [1]. Participation and Results - As of the expiration date, the company received valid tenders representing approximately $476.02 million, or about 97.580% of the existing notes outstanding [2]. - The tender offer was oversubscribed, with $475.52 million tendered by participants, leading to proration of accepted notes [3]. Supporting Noteholders - Prior to the expiration date, eligible holders subscribed to purchase approximately $4.4 million of the new first lien notes, with supporting noteholders expected to backstop the remaining $56.2 million [4]. Consent Solicitation - The company received the requisite consents from eligible holders to adopt proposed amendments to the existing notes indenture, which include eliminating restrictive covenants and modifying default provisions [5]. Conditions and Settlement - The consummation of the offers and consent solicitation is subject to certain conditions, including the performance of supporting noteholders under the transaction support agreement [6][7]. - The settlement date is expected around December 18, 2025 [7]. Company Overview - Urban One, Inc. is the largest diversified media company targeting Black Americans and urban consumers in the U.S., owning various media assets including TV One and multiple radio stations [11].

Core Viewpoint - Urban One, Inc. has initiated offers to exchange and purchase its outstanding 7.375% Senior Secured Notes due 2028, with significant participation from Eligible Holders, indicating strong interest in the restructuring of its debt obligations [1][2]. Group 1: Offers Overview - The company announced three main offers: an Exchange Offer for existing notes, a Tender Offer to purchase up to $185 million of existing notes for cash, and a Subscription Offer for newly issued notes [1]. - The Exchange Offer involves exchanging existing notes for newly issued 7.625% Second Lien Senior Secured Notes due 2031 and cash [1]. - The Subscription Offer allows Eligible Holders to purchase up to $60.6 million in newly issued 10.500% First Lien Senior Secured Notes due 2030 [1]. Group 2: Participation and Tender Results - As of the Early Tender Date, approximately $450 million in existing notes, or about 92.2% of the total outstanding, were tendered by Eligible Holders [2]. - The Tender Offer was oversubscribed, with more existing notes tendered than the $185 million cap, leading to proration for accepted notes [3][13]. - Eligible Holders who participated in the Exchange Offer and Tender Offer received specific cash and exchange considerations based on their participation type [9][12]. Group 3: Consent Solicitation and Amendments - The company received the necessary consents from Eligible Holders to adopt proposed amendments to the indenture governing the existing notes, which include eliminating restrictive covenants and modifying default provisions [5]. - The proposed amendments will take effect only upon the successful completion of the Exchange Offer and Tender Offer [6]. Group 4: Key Dates and Conditions - The Offers and Consent Solicitation will expire on December 15, 2025, unless extended or terminated earlier [8]. - Eligible Holders must tender all existing notes they hold to participate in the Offers, and partial tenders will not be accepted [8]. - The consummation of the Offers is subject to certain conditions, including the performance of obligations by Supporting Noteholders [15].

Group 1 - The article does not provide any specific information or insights regarding a company or industry [1]

Financial Performance - For Q3 2025, Urban One, Inc. reported net revenue of approximately $92.7 million, a decrease of 16.0% from Q3 2024[1] - Operating income for Q3 2025 was approximately $2.5 million, compared to an operating loss of approximately $26.2 million in Q3 2024[1] - Adjusted EBITDA for Q3 2025 was approximately $14.2 million, down from approximately $25.4 million in Q3 2024[1] - The net loss for Q3 2025 was approximately $2.8 million, compared to a net loss of approximately $31.8 million in Q3 2024[2] - Adjusted EBITDA for the nine months ended September 30, 2025, was $41.018 million, down from $76.593 million in the same period of 2024, representing a decline of approximately 46.4%[6] - The net loss attributable to common stockholders for the three months ended September 30, 2025, was $(2.83) million, compared to a loss of $(31.798) million in the same period of 2024[6] - The net loss attributable to common stockholders for the nine months ended September 30, 2025, was $92,474,000[22] Revenue Breakdown - Core radio revenues, excluding political, decreased by 8.1%, with the Radio segment pacing down 30.2% all-in for Q4 2025[1] - Revenues from Reach Media and Digital segments fell by 40.0% and 30.0% respectively, which was at the lower end of expectations[1] - Cable TV advertising revenue declined by 5.4%, and affiliate revenue decreased by 9.1% due to ongoing subscriber churn[1] - Revenue from the Radio Broadcasting segment decreased to approximately $34.7 million, down from $39.7 million, reflecting a decline of about 12.6% due to weaker market demand[9] - Revenue from the Reach Media segment fell to approximately $6.1 million, a decrease of approximately 40.2% from $10.2 million, primarily due to reduced national sales[9] - Digital segment revenue decreased to approximately $12.7 million, down about 30.6% from $18.3 million, driven by declines in direct and political revenue streams[9] - Cable Television segment revenue was approximately $39.8 million, a decrease of about 7.0% from $42.8 million, attributed to subscriber churn and lower advertising sales[9] Operating Expenses - Total operating expenses for Q3 2025 were approximately $90.2 million, down from $136.6 million in Q3 2024[2] - Operating expenses for the three months ended September 30, 2025, were approximately $83.7 million, a decrease from $87.4 million in the same period of 2024[11] - Total operating expenses for the nine months ended September 30, 2025, were $392,619,000, resulting in an operating loss of $116,076,000[22] Debt and Assets - During Q3 2025, Urban One repurchased $4.5 million of its 2028 Notes at an average price of approximately 52.0% of par, reducing outstanding debt to $487.8 million[1] - Total assets as of September 30, 2025, were $723.476 million, down from $944.790 million as of December 31, 2024[7] - Total debt as of September 30, 2025, was $484.278 million, a decrease from $579.069 million as of December 31, 2024[7] - Cash and cash equivalents decreased to $79.810 million from $137.574 million as of December 31, 2024[7] Stock and Shares - For the three months ended September 30, 2025, Urban One had 44,366,979 shares of common stock outstanding on a weighted average basis (basic), a decrease from 47,105,290 shares for the same period in 2024[29] - The company repurchased approximately $0.3 million of Class A Common Stock and $0.4 million of Class D Common Stock during the three months ended September 30, 2025[18] Impairment and Expenses - The company recorded no impairment of goodwill and intangible assets for the three months ended September 30, 2025, compared to an impairment of approximately $46.8 million in 2024[12] - Depreciation and amortization expense increased by approximately $4.9 million to $6.1 million for the three months ended September 30, 2025, due to changes in asset classification[13] - Interest expense decreased by approximately $2.2 million to $9.4 million for the three months ended September 30, 2025, compared to $11.6 million in 2024[15] Company Operations - As of September 30, 2025, Urban One owned and/or operated 74 broadcast stations, including 57 FM or AM stations and 15 HD stations, across 13 major African-American markets in the U.S.[26] - Urban One's digital platform, iOne Digital, serves the African American community through various websites, enhancing its reach and engagement with urban consumers[26] - The company operates syndicated programming through its controlling interest in Reach Media, which includes popular shows like the Rickey Smiley Morning Show[26] - Urban One's broadcast and digital operating income is a key metric for assessing the performance of its core operating segments, reflecting the diverse nature of its business[29] - The company provides advertisers with a unique delivery mechanism to reach African American and urban audiences, leveraging its multimedia operations[26] Conference Call Information - A replay of the conference call discussing the third quarter results will be available from November 4, 2025, until November 14, 2025[25] - The conference call is scheduled for November 4, 2025, at 10:00 a.m. EST, allowing stakeholders to discuss the company's performance and future outlook[24] Programming Focus - Urban One's focus on original programming and classic series aims to entertain and inspire a diverse audience of adult Black viewers, serving over 35 million households[26]

Financial Data and Key Metrics Changes - Consolidated net revenue was approximately $92.7 million, down 16% year over year [9] - Adjusted EBITDA for the third quarter was $14.2 million, a decrease of 44.1% [15] - Net loss was approximately $2.8 million or $0.06 per share, compared to a net loss of $31.8 million or $0.68 per share for the previous year [16] Business Line Data and Key Metrics Changes - Revenue for the Radio Broadcasting segment was $34.7 million, a decrease of 12.6% year over year [9] - Net revenue for the Reach Media segment was $6.1 million, down 40% from the prior year [10] - Net revenues for the Digital segment were down 30.6% at $12.7 million [11] - Cable Television segment revenue was approximately $39.8 million, a decrease of 7% [12] Market Data and Key Metrics Changes - Local ad sales were down 6.5% against a market that was down 10.1%, indicating outperformance [9] - National ad sales were down 29.1% against a market that was down 21.5%, indicating underperformance [10] - Cable subscribers to TV One decreased to 34.1 million from 34.3 million at the end of Q2 [12] Company Strategy and Development Direction - The company is adjusting its guidance for the year, lowering the EBITDA forecast from $60 million to a range of $56 million to $58 million [7] - A second reduction in force was completed in October as part of ongoing cost reduction efforts [14] - The company is exploring potential M&A opportunities in light of anticipated deregulation in the industry [28][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing changes in operating strategy and a focus on improving performance in key markets [21][25] - The company is preparing for a political year, which is expected to drive demand [21] - Management acknowledged challenges faced in the current year but believes they are better positioned for future growth [25] Other Important Information - Operating expenses decreased to approximately $83.7 million for the quarter, a decrease of 4.2% from the prior year [12] - Interest expense decreased to approximately $9.4 million in Q3, down from $11.6 million last year [16] - The company repurchased $4.5 million of its 2028 notes at an average price of 52% [16] Q&A Session Summary Question: What is the outlook for 2026 and demand? - Management feels good about 2026 due to changes in operating strategy and the upcoming political year [21][25] Question: Are there plans for M&A activity? - Management is exploring M&A opportunities but currently has no transformative deals in progress [28][30] Question: Will the company continue debt buyback activity? - Management confirmed plans to continue executing on debt buybacks while maintaining liquidity [33]

Financial Data and Key Metrics Changes - Consolidated net revenue for Q3 2025 was approximately $92.7 million, down 16% year over year [6] - Adjusted EBITDA for the full year is being revised down to a range of $56-$58 million from a previous guidance of $60 million [5] - Consolidated adjusted EBITDA for Q3 was $14.2 million, a decrease of 44.1% [10] - Net loss for Q3 was approximately $2.8 million, or 6 cents per share, compared to a net loss of $31.8 million, or 68 cents per share for Q3 2024 [12] Business Line Data and Key Metrics Changes - Revenue for the radio broadcasting segment was $34.7 million, down 12.6% year over year; excluding political revenue, it was down 8.1% [6] - Reach Media segment net revenue was $6.1 million, down 40% from the prior year, with an adjusted EBITDA loss of approximately $200,000 [7] - Digital segment net revenues decreased by 30.6% to $12.7 million, with audio streaming down by $1.3 million year over year [7] - Cable television segment revenue was $39.8 million, a decrease of 7%, with advertising revenue down by 5.4% [8] Market Data and Key Metrics Changes - Local ad sales were down 6.5% against a market that was down 10.1%, indicating outperformance [6] - National ad sales were down 29.1% against a market that was down 21.5%, indicating underperformance [6] - Cable subscribers to TV One decreased to 34.1 million from 34.3 million at the end of Q2 [8] Company Strategy and Development Direction - The company is adjusting its operating strategy to address challenges faced in 2025, particularly in the Reach Media segment [15] - Focus on diversifying advertiser base to avoid over-reliance on a few major advertisers [15][16] - Plans to enhance performance in radio markets through format changes and targeting specific demographics, such as the Hispanic community in DC [17] - The company is exploring potential M&A opportunities in light of expected deregulation in the industry [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing the upcoming political year and strategic changes made to address past challenges [15][17] - The company is cautious about leveraging and is focused on maintaining liquidity while exploring opportunities [23] - Management acknowledged the need to be careful with M&A transactions, considering the overall market conditions and debt levels [21][22] Other Important Information - Operating expenses decreased to approximately $83.7 million for the quarter, a decrease of 4.2% from the prior year [8] - The company repurchased $4.5 million of its 2028 notes, reducing gross debt to approximately $487.8 million [11][12] - Ending unrestricted cash balance was $79.3 million, resulting in a net debt of approximately $408.5 million [13] Q&A Session Summary Question: Outlook for 2026 and demand expectations - Management feels positive about 2026 due to political year and operational strategy changes [15] Question: Any plans for M&A activity? - Management is exploring M&A opportunities but currently has no transformative deals in progress [19][20] Question: Continuation of debt buyback activity - Management plans to maintain liquidity and assess opportunities before proceeding with further debt buybacks [23]

Revenue Performance - For the three months ended September 30, 2025, net revenue was approximately $92.7 million, a decrease of 16.0% from $110.4 million in the same period in 2024[156]. - The Radio Broadcasting segment generated approximately $34.7 million in revenue for the three months ended September 30, 2025, down from $39.7 million in 2024, primarily due to weaker market demand[156]. - The Digital segment reported revenue of approximately $12.7 million for the three months ended September 30, 2025, compared to $18.3 million in 2024, reflecting a decrease of approximately $5.6 million[156]. - The Cable Television segment's revenue was approximately $39.8 million for the three months ended September 30, 2025, down from $42.8 million in 2024, driven by subscriber churn and lower advertising sales[156]. - Net revenue for the nine months ended September 30, 2025, was approximately $276.5 million, a decrease of $56.0 million or 16.8% compared to $332.5 million in the same period of 2024[169]. - Revenue for the nine months ended September 30, 2025, was approximately $148.6 million, a decrease of $20.6 million or 12.2% compared to $169.2 million in the same period of 2024[171]. Operating Income and Expenses - Operating expenses totaled approximately $90.2 million for the three months ended September 30, 2025, a decrease of 34.0% from $136.6 million in 2024[155]. - The company reported an operating income of approximately $2.5 million for the three months ended September 30, 2025, compared to an operating loss of $26.2 million in 2024[155]. - Selling, general and administrative expenses for the three months ended September 30, 2025, were approximately $49.0 million, down $4.5 million or 8.4% from $53.5 million in 2024[158]. - Stock-based compensation expense decreased to approximately $0.4 million for the three months ended September 30, 2025, a reduction of $0.8 million or 68.3% compared to $1.2 million in 2024[159]. - Depreciation and amortization expense increased to approximately $6.1 million for the three months ended September 30, 2025, an increase of $4.9 million compared to $1.2 million in 2024[160]. Net Loss and Improvements - The net loss attributable to common stockholders for the three months ended September 30, 2025, was approximately $2.8 million, a significant improvement from a net loss of $31.8 million in 2024, representing a 91.1% reduction[155]. - Net loss attributable to common stockholders for the nine months ended September 30, 2025, was approximately $92.5 million, an increase of $22.7 million or 32.6% compared to a net loss of $69.7 million in 2024[168]. Advertising Revenue - The percentage of core radio business revenue generated from local advertising increased to 64.0% in Q3 2025, up from 60.5% in Q3 2024[147]. - The company experienced a 94.3% decline in political advertising revenue, dropping to $201,000 in Q3 2025 from $3.5 million in Q3 2024[148]. Cash Flow and Financing Activities - As of September 30, 2025, the company had cash, cash equivalents, and restricted cash of approximately $79.8 million, with no borrowings outstanding on the Current ABL Facility[191]. - Net cash flows provided by operating activities increased to approximately $8.1 million for the nine months ended September 30, 2025, compared to $1.9 million for the same period in 2024[213]. - Net cash flows used in financing activities decreased to approximately $58.6 million for the nine months ended September 30, 2025, from $118.2 million in 2024, with $51.9 million paid to repurchase 2028 Notes[216]. Impairment and Amortization - Impairment of goodwill and intangible assets was $0 for the three months ended September 30, 2025, compared to $46.8 million in 2024, marking a 100% decrease[161]. - The Company recognized an impairment loss of approximately $121.3 million associated with radio broadcasting licenses during the three months ended June 30, 2025[222]. - The useful life of broadcasting licenses was changed from indefinite-lived to finite-lived intangible assets effective June 1, 2025, resulting in amortization expense of $3.8 million for the three months ended September 30, 2025[226]. Debt and Obligations - The total outstanding aggregate principal amount of the senior secured notes due 2028 as of September 30, 2025, is approximately $487.8 million[205]. - The company had approximately $487.8 million of 2028 Notes outstanding as of September 30, 2025, with no other indebtedness reported[244]. - The company’s contractual obligations total approximately $723.5 million as of September 30, 2025, including various operating contracts and lease obligations[252]. Market Conditions and Future Outlook - Macroeconomic conditions, including tariffs, inflation, and interest rates, may adversely affect the company's revenues[192]. - Cash flows from operations and other sources of liquidity are expected to be sufficient to meet foreseeable cash requirements[214].