Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 28

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 28
---
Impaired9.5%(2.1)% - (0.4)%1.0% - 6.0%2.5% - 15.0%1312.1Impaired9.5%(1.7)% - (0.2)%2.8% - 17.0%1.7% - 20.0%141.6Impaired9.5%(2.0)% - (0.5)%2.2% - 13.0%2.5% - 15.0%1625.0Impaired9.5%(1.9)% - (0.2)%2.3% - 14.0%2.7% - 20.0%

(a) The units of accounting are not disclosed on a specific market basis in order not to make publicly available information that could be competitively harmful to the Company. Units of accounting, not presented in this table, were previously disposed by the Company.

To the extent that there is a potential recession (local to any of the markets in which we operate or nationally) that further disrupts the economic environment impacting the financial performance, market share, or changes in interest rates, these events could negatively affect the key assumptions and result in significantly lower fair value of the broadcasting licenses.

The following table presents sensitivity analyses for radio broadcasting licenses within the Radio Broadcasting segment showing the impact on our most recent quantitative impairment assessment resulting from: (i) a 100 basis point decrease in operating profit margins; (ii) a 100 basis point increase in the discount rate; and (iii) both a 5.0% and 10.0% reduction in the fair values of broadcasting licenses.

Hypothetical Increase in theRecorded Impairment Chargeas of May 31, 2025BroadcastingLicenses(in millions)Impairment Charge Recorded:Radio Broadcasting Licenses$121.3 Hypothetical Change for Radio Broadcasting Licenses:A 100-basis point decrease in operating profit margin in the projection period$11.8 A 100-basis point increase in the applicable discount rate9.8 A 5.0% reduction in the fair value of broadcasting licenses6.3 A 10.0% reduction in the fair value of broadcasting licenses 12.7 

Due to industry and macro-economic conditions along with ongoing declines in national and local radio listenership, and forecasted cash flows for the Radio Broadcasting segment, the Company reassessed