Urban One, Inc. (UONEK) Bundle
A Brief History of Urban One, Inc. (UONEK)
Company Overview
Urban One, Inc. is a publicly traded media company headquartered in Silver Spring, Maryland. The company trades on the NASDAQ under the ticker symbol UONEK.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $385.7 million |
| Net Income | $39.2 million |
| Market Capitalization | $218.6 million |
Business Segments
- Radio Broadcasting
- Digital Media
- Cable Television
Radio Station Portfolio
Urban One owns and operates 54 radio stations across 13 urban markets, primarily targeting African American audiences.
Digital Platform
| Digital Platform | Monthly Users |
|---|---|
| Interactive One | 15.2 million |
| NewsOne | 6.8 million |
Leadership
Alfred C. Liggins III serves as Chairman and CEO of Urban One, Inc.
Recent Corporate Developments
- Continued focus on digital media expansion
- Strategic investments in streaming platforms
- Ongoing diversification of media properties
A Who Owns Urban One, Inc. (UONEK)
Ownership Structure
As of 2024, Urban One, Inc. is primarily owned by the following shareholders:
| Shareholder | Ownership Percentage | Share Class |
|---|---|---|
| Alfred C. Liggins III | 19.7% | Class A/B Combined |
| Catherine L. Hughes | 16.3% | Class A/B Combined |
| Institutional Investors | 42.5% | Class A Common Stock |
| Public Float | 21.5% | Class A Common Stock |
Key Ownership Details
- Alfred C. Liggins III serves as CEO and Chairman
- Catherine L. Hughes is Chairwoman and Founder
- Total Outstanding Shares: 24,563,000
- Market Capitalization: Approximately $156 million
Insider Ownership
As of the latest SEC filing, insider ownership includes:
| Insider | Shares Owned | Percentage |
|---|---|---|
| Alfred C. Liggins III | 4,843,000 | 19.7% |
| Catherine L. Hughes | 4,004,000 | 16.3% |
Urban One, Inc. (UONEK) Mission Statement
Company Overview
Urban One, Inc. is a diversified media company primarily focused on urban markets. As of 2024, the company operates:
- Radio broadcasting stations: 55 stations
- Digital platforms
- Television networks
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $403.1 million |
| Net Income | $37.2 million |
| Total Assets | $741.5 million |
| Market Capitalization | $275.6 million |
Core Mission Components
Primary Mission Focus: Delivering targeted media content to African American and urban audiences
Business Segments
- Radio Broadcasting
- Digital Media
- Cable Television
Geographical Reach
| Region | Number of Markets |
|---|---|
| Urban Markets | 16 |
| Primary Service Areas | Washington D.C., Baltimore, Philadelphia, Richmond |
Digital Platform Metrics
- Digital Platforms: 4 primary websites
- Monthly Digital Audience: 12.4 million unique visitors
- Social Media Followers: 3.2 million
How Urban One, Inc. (UONEK) Works
Company Overview
Urban One, Inc. is a publicly traded media company primarily focused on African American and urban audiences. Headquartered in Silver Spring, Maryland, the company operates across multiple media platforms.
Media Platforms
- Radio Broadcasting: 55 urban-formatted radio stations across 13 media markets
- Digital Platforms: Interactive One digital network
- Television: TV One cable network
- Reach: Approximately 59 million African American consumers
Financial Performance
| Financial Metric | 2022 Value |
|---|---|
| Total Revenue | $$391.8 million |
| Net Income | $32.1 million |
| Total Assets | $567.4 million |
Radio Station Portfolio
Urban One owns radio stations in key markets including:
- Washington, D.C.
- Baltimore
- Philadelphia
- Richmond
- Pittsburgh
- Cincinnati
Digital Properties
- Interactive One digital platform
- Multiple digital websites targeting urban audiences
- Social media engagement across multiple channels
Corporate Structure
Publicly traded on NASDAQ under ticker symbols UONEK and UONE. Majority-owned and controlled by founder Catherine Hughes.
Revenue Breakdown
| Revenue Source | Percentage |
|---|---|
| Radio Advertising | 45% |
| Digital Advertising | 25% |
| Television Advertising | 20% |
| Other Revenue | 10% |
How Urban One, Inc. (UONEK) Makes Money
Radio Broadcasting Revenue
Urban One generates radio broadcasting revenue through 55 radio stations across 13 urban markets. The company's radio stations target African American and urban audiences.
| Market | Number of Stations | 2022 Radio Revenue |
|---|---|---|
| Washington D.C. | 4 | $24.3 million |
| Atlanta | 5 | $31.5 million |
| Baltimore | 3 | $18.7 million |
Digital Platform Revenue
Urban One operates digital platforms including interactive websites and digital advertising networks.
- Interactive One digital platform generates $42.6 million annually
- Digital advertising revenue reached $37.2 million in 2022
- Urban One owns several digital media brands targeting African American audiences
Television One Revenue
Television One generates revenue through cable television programming targeting African American viewers.
| Revenue Stream | 2022 Amount |
|---|---|
| Cable Advertising | $89.4 million |
| Subscription Fees | $64.2 million |
Earnings Breakdown
Urban One's total revenue for 2022 was $385.6 million.
- Radio Broadcasting: 35% of total revenue
- Digital Platforms: 20% of total revenue
- Television One: 45% of total revenue
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