#UrbanOne

@cassiuslife.bsky.social

2 weeks ago

PlayVS and Urban One Form HBCU Gaming Partnership Urban One and PlayVS have committed to a partnership to craft a gaming community exclusively for HBCUs nationwide.

UrbanOne and PlayVS have committed to a partnership to craft a gaming community exclusively for HBCUs nationwide. 
cassiuslife.com/1391690/plays-urbanone-f...

#HBCU #HBCUEsports #Esports #CollegiateEsports #PlayVS #UrbanOne

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Adrian Warren

@mrawarren.bsky.social

4 months ago

#TheFan and Jake Query partnered with the Live Like Lou Foundation Trivia Night. What an #AWesome night of fun. I don’t know if I’d rather done the ice bucket challenge. Some of the questions were tough.🤣 #ALSresearch #LouGehrig #radioone #urbanone

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Salesfully.com

@salesfully.bsky.social

4 months ago

🎙️ New on Salesfully: What Happened to Urban One?

Not a collapse — a comeback in motion.

From tough quarters to bold pivots, Urban One is rewriting the playbook on media reinvention.

🔗 www.salesfully.com/single-post/...

#UrbanOne #BlackOwnedMedia #Salesfully #MediaReinvention

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Profit Trading USA

@profittradingusa.bsky.social

11 months ago

Urban One ratings downgraded by Moody’s due to operational challenges Investing.com -- Moody’s Ratings has downgraded the Corporate Family Rating (CFR) of Urban One, Inc. to Caa2 from B3, due to challenges in the company’s operating performance. This downgrade also includes a Probability of Default Rating (PDR) adjustment to Caa2-PD from B3-PD and a senior secured notes rating downgrade to Caa2 from B3. The Speculative Grade Liquidity Rating (SGL) remains unchanged at SGL-2, and the outlook continues to be negative. The downgrade is a reflection of the difficulties Urban One has faced in its broadcast radio and cable TV segments, which have seen subscriber attrition and lower audience engagement. Such risks increase the likelihood of distressed debt exchanges, particularly in light of the company’s high leverage, weak equity valuation at $36 million, and low debt trading levels. The future pace of subscriber losses and the stability of radio advertising demand remain uncertain. Moody’s Ratings VP-Senior Analyst, Alison Chisuhl Jung, noted that despite Urban One’s good liquidity, the company’s cable TV segment is under significant pressure due to consistent declines in cable subscribers. This has led to reduced affiliate revenues and is expected to push the adjusted debt to EBITDA up to the mid to high 6x range over the next 12 months. The Caa2 CFR given to Urban One reflects the secular pressures in the cable TV and radio broadcast segments, and the high financial leverage. Despite having contractual agreements with cable and satellite companies that include annual escalators, the rate increases have been overshadowed by a declining subscriber base and lower viewership. TV One subscribers have decreased to 37.2 million, a 13.3% YoY decrease and a 4.9% decrease from the previous quarter. Urban One’s SGL-2 rating reflects its good liquidity, with a cash balance of approximately $138 million at the end of 2024. The company also has access to an undrawn $50 million ABL facility due in 2026 and is expected to generate $10-$15 million in free cash flow in the next 12-18 months. Through debt buybacks, the company reduced the principal amount of senior secured notes by $140 million in 2024 and an additional $17 million in Q1 2025. As a result, annual interest expense is expected to decrease to $42 million in 2025. Urban One’s ratings could be upgraded if adjusted debt-to-EBITDA is sustained below 7.0x, with positive organic growth in the radio and cable network operations and good liquidity. Conversely, the ratings could be downgraded if revenue declines persist or profitability remains weak due to declining subscriber trends and weak advertising demand, causing a further deterioration in the liquidity position or an increase in the probability of default. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Click Subscribe #UrbanOne #Moodys #StockMarket #RatingsDowngrade #InvestmentNews

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Pink Chick (Luvcherripye)

@luvcherripye.bsky.social

1 year ago

@ncnwhq.bsky.social Thanks for sharing on Facebook! ❤️🖤💚
#BlackHistoryMonth
#CathyHughes #UrbanOne #Media

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@slayzonair.bsky.social

1 year ago

Catch me live Sundays 12-3 PM, and tune in Monday-Friday during The Morning Hustle for all the local Indy tea! with The Hot Sheet🎧🔥 #RadioLife #IndyMedia #OnAirPersonality #UrbanOne @hot1009indy.bsky.social

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Ron Holland

@ronholland.bsky.social

1 year ago

Wrapping up my interview on 1053 RNB and Praise Charlotte 100.9 with Shannon and Regina Fuller, Founders of 'Our Legacy Studios.' I'm also announcing my exodus from X (formerly Twitter) to BLUESKY! #1053rnb #RadioOneCharlotte #praise1009 #urbanone #RadioOne #communituvoiceswithronholland #bluesky

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Posts tagged #UrbanOne