Company: UONE
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001041657-25-000013
Chunk: 44

Company: URBAN ONE, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 44
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 increase record keeping, including enhanced disclosure of stations’ efforts to serve the public interest;

•proposals to impose spectrum use or other fees on FCC licensees;

•changes to rules relating to political broadcasting, including proposals to grant free airtime to candidates, and other changes regarding political and non-political program content, political advertising rates and sponsorship disclosures;

•revised rules and policies regarding the regulation of the broadcast of indecent content;

•proposals to increase the actions stations must take to demonstrate service to their local communities;

•technical and frequency allocation matters;

•changes in broadcast multiple ownership, foreign ownership, and ownership attribution rules and policies;

•service and technical rules for digital radio, including possible additional public interest requirements for terrestrial digital audio broadcasters;

•legislation that would provide for the payment of sound recording royalties to artists, musicians or record companies whose music is played on terrestrial radio stations; and

•changes to tax laws affecting broadcast operations and acquisitions.

The FCC has also adopted procedures for the auction of broadcast spectrum in circumstances where two or more parties have filed mutually exclusive applications for authority to construct new stations or certain major changes in existing stations. Such procedures may limit our efforts to modify or expand the broadcast signals of our stations.

We cannot predict what changes, if any, might be adopted or considered in the future, or what impact, if any, the implementation of any particular proposals or changes might have on our business.

FCC License Grants and Renewals. In making licensing determinations, the FCC considers an applicant’s legal, technical, character and other qualifications. The FCC grants radio broadcast station licenses for specific periods of time and, upon application, may renew them for additional terms. A station may continue to operate beyond the expiration date of its license if a timely filed license renewal application is pending. Under the Communications Act, radio broadcast station licenses may be granted for a maximum term of eight years.

Generally, the FCC renews radio broadcast licenses without a hearing upon a finding that:

•the radio station has served the public interest, convenience and necessity;

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•there have been no serious violations by the licensee of the Communications Act or FCC rules and regulations; and

•there have been no other violations by the licensee of the Communications Act or FCC rules and regulations which, taken together, indicate a pattern of abuse.

After considering these factors and any petitions to deny or informal objections against a license renewal application (which may lead to a hearing), the FCC may grant the license renewal application with or without conditions, including renewal for a term