Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 31

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 excess of the return of the Company’s aggregate investment in TV One. The Company reviews the factors underlying this award at the end of each reporting period including the valuation of TV One (based on the estimated enterprise fair value of TV One as determined by the income approach using a discounted cash flow analysis and the market approach using comparable public company multiples). Significant inputs to the discounted cash flow analysis include revenue growth rates, future operating profit, and discount rate. Significant inputs to the market approach include publicly held peer companies and recurring EBITDA multiples. The terms of the 2024 Employment Agreement were effective as of January 1, 2022.(b) The fair value is measured using a discounted cash flow methodology. Significant inputs to the discounted cash flow analysis include revenue growth rates, future operating profit margins, discount rate and terminal growth rate. (c) The Company measures and reports its cash equivalents that are invested in money market funds and valued based on quoted market prices which approximate cost due to their short-term maturities.

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Table of Contents

There were no transfers within Level 1, 2, or 3 during the six months ended June 30, 2025 and 2024. The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis for the six months ended June 30, 2025 and 2024:EmploymentAgreementAwardRedeemableNon-controllingInterests(In thousands)Balance as of December 31, 2024$10,426$7,988Net loss attributable to redeemable non-controlling interests—(64)Distributions—— Purchase of ownership interest in Reach Media—(3,232)Dividends paid to redeemable non-controlling interests—(936)Change in fair value1,312 (1,179)Balance as of June 30, 2025$11,738$2,577EmploymentAgreementAwardRedeemableNon-controllingInterests(In thousands)Balance as of December 31, 2023$22,970$16,520Net income attributable to redeemable non-controlling interests—576Purchase of ownership interest in Reach Media—(7,603)Dividends paid to redeemable non-controlling interests—(1,799)Change in fair value(6,263)1,377Balance as of June 30, 2024$16,707$9,071Changes in the fair value of the Employment Agreement Award were recorded in the una