Company: UONE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001041657-25-000042
Chunk: 117

Company: URBAN ONE, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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 3,488 1,109 8,847 Severance-related costs— 516 219 580 Loss from ceased non-core business initiatives107 509 466 1,221 Stock-based compensation574 1,079 1,250 2,463 Depreciation and amortization3,523 2,993 5,838 4,843 Impairment of goodwill and intangible assets130,078 80,758 136,521 80,758 Interest and investment income(616)(1,777)(1,582)(3,775)Interest expense9,704 12,404 20,628 25,402 Gain on retirement of debt(30,297)(7,425)(41,884)(15,299)Other income, net(124)(14)(316)(900)Loss from consolidated operations before benefit from income taxes$(99,351)$(63,609)$(95,432)$(52,961)(a) Corporate costs include professional fees related to the material weakness remediation efforts.

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Table of Contents

Three Months Ended June 30,20252024(In thousands)Capital expenditures:Radio Broadcasting$590$1,753Reach Media819Digital380431Cable Television——All other - corporate/eliminations24021Consolidated$1,218$2,224Six Months Ended June 30,20252024(In thousands)Capital expenditures:Radio Broadcasting$2,725$2,837Reach Media829Digital664878Cable Television—69All other - corporate/eliminations368226Consolidated$3,765$4,039

13. COMMITMENTS AND CONTINGENCIESRadio Broadcasting LicensesEach of the Company’s radio stations operates pursuant to one or more licenses issued by the FCC that have a maximum term of eight years prior to renewal. The Company’s radio broadcasting licenses expire at various times beginning in October 2027 through August 2030. Although the Company may apply to renew its radio broadcasting licenses, third parties may challenge the Company’s renewal applications. The Company is not aware of any facts or circumstances that would prevent the Company from having its current licenses renewed. A station may continue to operate beyond the expiration date of its license if a timely filed license renewal application is filed and is pending. Royalty AgreementsMusical works rights holders, songwriters and music publishers, have been traditionally represented by performing rights organizations, such as the American Society of Composers Authors and