Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 158

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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, the Company did not repurchase any shares of Class A common stock under the Stock Grant Authorization. During the nine months ended September 30, 2025, the Company repurchased 98,976 shares of Class D Common Stock for approximately $0.1 million at an average price of approximately $0.98 per share. After giving effect to the above transactions, the Employee Stock Repurchase Authorization has approximately $0.1 million remaining. On June 10, 2024, the Company’s Board of Directors approved a share repurchase authorization to repurchase up to $20.0 million of the Company's outstanding Class A and/or Class D common stock (collectively, the “2024 Stock Repurchase Program”). The 2024 Stock Repurchase Program will remain in effect for up to 24 months or until the authorization is exhausted.

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The following table details our stock repurchases under the 2024 Stock Repurchase Program during the nine months ended September 30, 2025:Class AClass DShares of common stock repurchased851,884 998,017 Average price paid per share$1.58 $0.72 Total cost$1,343,784 $716,580  After giving effect to the above transaction and prior activity, the 2024 Stock Repurchase Program has approximately $11.4 million remaining under the authorization.

12. SEGMENT INFORMATIONReportable segments represent components of a company for which separate financial information is available that is regularly reviewed by the Chief Operating Decision Maker (“CODM”), which is our President and Chief Executive Officer (“CEO”), in determining how to allocate resources and assess performance. Our four reportable segments include the following:(i) Radio Broadcasting consists of all radio broadcast results of operations as well as low powered television operations.(ii) Reach Media consists of the results of operations for the related activities and operations of the Company’s syndicated radio shows.(iii) Digital includes the results of the Company’s online business, including the operations of Interactive One, as well as the digital components of the Company’s other reportable segments.(iv) Cable Television includes the results of operations of TV One and CLEO TV.Effective January 1, 2025, the Company modified the composition of two of our reportable segments to reflect changes in how they operate their businesses. The Company transferred the CTV offering within our Digital segment to our Cable Television segment. This change aligns the CTV offering with the results of operations within our Cable