Company: UONE
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001041657-25-000013
Chunk: 48

Company: URBAN ONE, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 48
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2028WWLG-FM2016A6100107.1 MHz10/1/2028IndianapolisWTLC-FM2000A699106.7 MHz8/1/2028WHHH-FM2000A6100100.9 MHz8/1/2028

16

WTLC-AM2001B5N/A1310 kHz8/1/2028WIBC-FM2022B13.530293.1 MHz8/1/2028WYXB-FM2022B50150105.7 MHz8/1/2028WLHK-FM2022B2322397.1 MHz8/1/2028CincinnatiWIZF-FM2001A2.5155101.1 MHz8/1/2028WDBZ-AM2007C1N/A1230 kHz10/1/2028WOSL-FM2006A3.1141100.3 MHz10/1/2028

To obtain the FCC’s prior consent to assign or transfer control of a broadcast license, an appropriate application must be filed with the FCC. If the assignment or transfer involves a substantial change in ownership or control of the licensee, for example, the transfer of more than 50.0% of the voting stock, the applicant must give public notice and the application is subject to a 30-day period for public comment. During this time, interested parties may file petitions with the FCC to deny the application. Informal objections may be filed at any time until the FCC acts upon the application. If the FCC grants an assignment or transfer application, administrative procedures provide for petitions seeking reconsideration or full FCC review of the grant. The Communications Act also permits the appeal of a contested grant to a federal court.

Under the Communications Act, a broadcast license may not be granted to or held by any person who is not a U.S. citizen or by any entity that has more than 20.0% of its capital stock owned or voted by non-U.S. citizens or entities or their representatives, or by foreign governments or their representatives. The Communications Act prohibits more than 25.0% indirect foreign ownership or control of a licensee through a parent company if the FCC determines the public interest will be served by such prohibition. The FCC has interpreted this provision of the Communications Act to require an affirmative public interest finding before this 25.0% limit may be exceeded. Since we serve as a holding company for subsidiaries that serve as license