After several quarters of delayed earnings calls due to a shift in independent outside accounting firms, Urban One Inc. on Thursday joined six other broadcast media companies in delivering its Q2 2024 financial report. While the company’s Q4 and year-end 2023 and Q1 2024 report were tardy, the Q2 results come right on time.
How did the owner of radio stations, controlling interest partner in national media arm Reach Media, and two cable TV networks perform in the quarter? A dip at both Cleo and TV One, along with flat radio revenue, shifted the company to a net loss.
