Company Overview - Urban One, Inc. is the largest diversified media company targeting Black Americans and urban consumers in the United States [4] - The company owns TV One, LLC, which serves over 35 million households with a variety of original programming, classic series, and movies [4] - As of June 30, 2025, Urban One operates 72 independently formatted broadcast stations, including 57 FM or AM stations, 13 HD stations, and 2 low power television stations across 13 urban markets [4] - Urban One also has a controlling interest in Reach Media, Inc., which operates syndicated programming such as the Rickey Smiley Morning Show and the DL Hughley Show [4] - The company owns iOne Digital, a digital platform serving the African American community through various social content, news, and entertainment websites [4] Upcoming Events - Urban One will hold a conference call on August 19, 2025, at 10:00 a.m. EDT to discuss its second fiscal quarter results [1] - U.S. callers can participate by dialing +1-888-596-4144, while international callers can dial +1-646-968-2525, using Access Code 3660282 [1] - A replay of the conference call will be available from August 19, 2025, at 2:00 p.m. EDT until August 26, 2025, at 11:59 p.m. EDT [2]

Acquisition Overview - Sky New Zealand will acquire 100% of Discovery NZ from Warner Bros Discovery for $1 on a cash-free, debt-free basis[2] - The acquisition is expected to be completed on August 1, 2025[2] Strategic Benefits for Sky - The acquisition is expected to deliver approximately $95 million in annualised revenue uplift, with about 25% from digital sources[5] - Sky's combined total linear television advertising revenue share is expected to grow to approximately 35%[5] - Sky's total digital television advertising revenue share is expected to grow to approximately 24%[5] - Sky anticipates achieving sustainable EBITDA growth of at least $10 million from FY28[5, 7] Discovery NZ Assets - Discovery NZ owns and operates the ThreeNow BVOD streaming platform and the free-to-air linear channel Three[3, 5] Integration and Financials - Net integration costs for Sky are expected to be approximately $6.5 million[8] - Sky remains confident in achieving its 30cps dividend target for FY26[9]

CBS's decision to pull the plug on “The Late Show” makes it the biggest casualty yet among late-night talk shows contending with cord-cutting, changing tastes among younger viewers and declining ad revenue.🔗: https://t.co/xJXFk17WKo https://t.co/ED89OZak61 ...

Core Insights - Gray Media, Inc. has increased its revolving credit facility commitments by $50 million, bringing the total to $750 million, and extended the maturity date to December 1, 2028 [1][2] - The company has $700 million of undrawn availability under the revolving credit facility after repaying $402.5 million of its term loan F with proceeds from a $900 million offering of senior secured second lien notes [2] - Gray Media is the largest owner of local television stations in the U.S., reaching approximately 37% of U.S. television households, with a significant portfolio of top-rated stations [3] Financial Details - The company’s revolving credit facility now totals $750 million, with a maturity extension to December 1, 2028 [1] - Following the repayment of $402.5 million of Term Loan F, the outstanding balance is now $90 million [2] - The company has raised $900 million through the issuance of 9.625% senior secured second lien notes due 2032 [2] Company Overview - Gray Media, Inc. operates in 113 television markets and owns the largest Telemundo Affiliate group with 44 markets [3] - The company also includes Gray Digital Media, which provides advanced digital marketing strategies [3] - Additional media properties include video production companies and studio production facilities [3]

Funding Cuts & Impact - State funding cuts are forcing local public radio stations to make tough decisions, leading to layoffs of journalists [1][2] - Indiana eliminated all state funding for local public radio stations, resulting in the loss of the entire state house news team [1] - Florida's funding cuts are causing difficult decisions for stations regarding sustainability [2] - Stations may potentially go dark in the next quarter due to funding issues [2] National Network Risks - Shutting down a station is irreversible, and eroding the national network could have lasting consequences [4] - The national network serves difficult topographies and rural communities, and its erosion may happen sooner than anticipated [4] Staffing & Coverage - Difficult decisions about staffing at the national level are expected within the next 3 to 6 months [3] - Local journalists and broadcast coverage are at risk due to the cuts [2]

Netflix‘s deal with TF1, announced last month at Cannes Lions, will give both companies “an opportunity to learn,” the streamer’s co-CEO, Greg Peters, said Thursday on the company’s quarterly earnings call. The milestone teaming, which will see the French broadcaster’s programming offered within the Netflix app in France starting next summer, will also be a way for Netflix to put new technology to use. “We’ve invested a lot in a bunch of enabling capabilities that are either required or highly leveraged by ...

Funding Cuts & Impact - The House is expected to vote on a bill to claw back approximately $9 billion in previously approved funding [1] - The bill includes $8 billion in rescissions for foreign assistance programs and $1.1 billion for the Corporation for Public Broadcasting [2] - Up to 80 stations, primarily in areas with limited resources, could potentially go dark due to the cuts [9] - Some stations in Alaska receive up to 70% of their funding through federal dollars [8] - NPR's programming constitutes about 25% of the content aired by local stations [12] Public Safety & Emergency Broadcasting - Local public broadcasting stations play a crucial role in disseminating tsunami warnings and other emergency information, as demonstrated by the 7.3 magnitude earthquake off the coast of Alaska [6] - Public broadcasting stations are vital for emergency alert systems, particularly in states like Maine [10] - Cutting funding could lead to the shutdown of stations, impacting their ability to provide critical public safety information [7] Bias & Editorial Concerns - Concerns have been raised regarding perceived bias at NPR, with accusations of being a "propaganda voice for the left" [4] - NPR is taking steps to address concerns about bias and ensure relevance to the entire American public, regardless of political beliefs [13] - NPR aims to reflect the diverse lifestyles and experiences of Americans across the nation [15] Immediate & Long-Term Consequences - Stations are already experiencing layoffs of local journalists and cuts to broadcast coverage [17][18] - Indiana and Florida have already cut state funding for public radio stations [17][18] - The cuts could have long-term consequences, as shutting down a station makes it difficult to restart, potentially eroding the national network [20][21]

Core Viewpoint - Apple is poised to secure the US streaming rights for Formula 1 races, with a bid of at least $150 million per year starting in 2026, outbidding ESPN, which currently holds the rights [1][2]. Group 1: Company Actions - Apple has already established streaming deals for professional baseball and all Major League Soccer games, indicating a growing portfolio in sports streaming [2]. - The company is not deterred by high spending in its media projects, reflecting a strategic focus on expanding its sports offerings [4][5]. Group 2: Industry Dynamics - Formula 1 has seen a surge in popularity in the US, with average race viewership increasing to approximately 1.3 million, more than double the figures from 2018 [3]. - ESPN, which previously paid around $85 million annually for F1 rights, has decided to allocate its resources elsewhere, indicating a shift in its sports programming strategy [4]. - Interest from other potential bidders for F1 rights has been reported as muted, with Netflix not aggressively pursuing the rights this time [4].

Core Points - Gray Media is broadcasting a special program titled "Together for Texas" to document the impact of devastating floods in Central Texas and the Hill Country [1][2] - The program will air on July 11, 2025, at 6:30 p.m. CST across nine Texas markets and will also be available on Gray's 24/7 streaming network [1] - Gray Media has launched a donation drive in partnership with Graham Media Group to support the Salvation Army's relief efforts, raising over $243,000 so far [4] Company Overview - Gray Media, Inc. is headquartered in Atlanta, Georgia, and is the largest owner of top-rated local television stations in the U.S., serving 113 markets [5] - The company reaches approximately 37% of U.S. television households and includes 78 markets with the top-rated television station [5] - Gray Media also operates Gray Digital Media, offering advanced digital marketing strategies, and owns various media properties including video production companies and studio facilities [5]

Core Insights - Stingray Group Inc. will release its financial results for the first quarter ended June 30, 2025, on August 5, 2025, after market close [1] - A conference call to discuss these results is scheduled for August 6, 2025, at 9:00 a.m. Eastern Time [1] Company Overview - Stingray is a global music, media, and technology company, recognized as an industry leader in TV broadcasting, streaming, radio, business services, and advertising [3] - The company offers a wide range of services including audio and video channels, 97 radio stations, subscription video-on-demand content, FAST channels, karaoke products, and music apps [3] - Stingray Business provides commercial solutions in music, in-store advertising, digital signage, and AI-driven consumer insights [3] - Stingray Advertising is the largest retail audio advertising network in North America, reaching over 30,000 major retail locations [3] - The company employs nearly 1,000 people globally and serves 540 million consumers across 160 countries [3]