Market Capitalization (Millions $) |
98 |
Shares
Outstanding (Millions) |
48 |
Employees |
1,250 |
Revenues (TTM) (Millions $) |
489 |
Net Income (TTM) (Millions $) |
18 |
Cash Flow (TTM) (Millions $) |
37 |
Capital Exp. (TTM) (Millions $) |
13 |
Urban One Inc
Urban One is a diversified media company that primarily focuses on African-American and urban audiences. The company was founded in 1980, by Cathy Hughes, and is currently headquartered in Silver Spring, Maryland. Urban One offers a broad range of media platforms, including radio broadcasting, television, digital content, print media, and outdoor advertising.
Radio broadcasting is Urban One's core business. The company operates 50 radio stations in 15 urban markets across the United States, making it the largest African-American-owned and operated broadcast company in the country. Some of the flagship stations include WMMJ (Majic 102.3 FM) in Washington, D.C., and WERQ-FM (92Q Jams) in Baltimore, Maryland.
One of Urban One's notable acquisitions was TV One, a cable television network that offers programming targeting the African-American community. The acquisition of Radio One, Inc. in 2017 allowed the company to explore the African-American audience's digital space, which led to the creation of several digital platforms, including Radio Onees nationally syndicated email newsletter, BlackAmericaWeb.com, and Interactive One, which offers several websites targeting African-American audiences, including HelloBeautiful.com, NewsOne.com and TheUrbanDaily.com.
Urban One owns a travel website that offers curated travel experiences with a particular focus on African-American culture and history, named Reach Media. The website inspires, entertains and encourages travellers to enjoy and learn from each other's cultures and lives.
The company also offers an extensive range of outdoor advertising solutions through several brands such as, Outdoor Vision, which offers high-quality digital billboards targeting masses, and NuVoodoo Media Services, which offers marketing and research services for radio stations.
Urban One has continued to make significant strides towards diversifying the media industry through various initiatives, including the creation of several media training programs, collaborations with HBCUs (Historical Black Colleges and Universities), and partnerships with other media companies with a shared goal of amplifying voices of minorities in media.
In conclusion, Urban One has established itself as a leading media company focusing on African-American and urban audiences, providing a broad range of media platforms from radio broadcasting, television, digital content, print media, and outdoor advertising. The company strives to create diverse experiences that serve to spark conversation, encourage action, and positively impact the African American community.
Company Address: 1010 Wayne Avenue Silver Spring 20910 MD
Company Phone Number: 429-3200 Stock Exchange / Ticker: NASDAQ UONE
UONE is expected to report next financial results on June 29, 2024. |
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