Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 146

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 146
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 its/his intention not to renew to the other party at least sixty (60) days before the expiration of the Initial Term or any renewal term of this Agreement, as applicable.(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, and discount 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.

18

There were no transfers within Level 1, 2, or 3 during the nine months ended September 30, 2025 and 2024. The following table presents the changes in Level 3 liabilities measured at fair value on a recurring basis for the nine months ended September 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—(55)Distributions(2,695)— Purchase of ownership interest in Reach Media—(3,232)Dividends paid to redeemable non-controlling interests—(936)Change in fair value1,571 (1,179)Balance as of September 30, 2025$9,302$2,586EmploymentAgreementAwardRedeemableNon-controllingInterests(In thousands)Balance as of December 31, 2023$22,970$16,520Net income attributable to redeemable non-controlling interests—976Distributions(2,146)— Purchase of ownership interest in Reach Media—(7,603)Dividends paid to redeemable non-controlling interests—(1,799)Change in fair value(7,307)2,542Balance as of September 30, 2024$13,517$10,636Changes in the fair value of the Employment Agreement Award were recorded in the unaudited condensed consolidated statements of operations as selling, general and administrative expenses for the nine months ended September 30, 2025 and 2024. The long-term portion is recorded in other long-term liabilities, and the current portion is recorded in other current liabilities in the unaudited condensed consolidated balance sheets.

19

For Level 3 liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the