Of the media companies that have seen the most excitement on Wall Street across 2020, Urban One is perhaps tops when it comes to radio and television industry assets combined with a growing casino gaming operation.
It’s stock burst upward one year ago, fueled by new commitments from advertisers to Black-owned media. Earlier this month a second burst in share value came. Both times, shares receded following those big gains.
Now, SEC disclosures show that a former Urban One board member and two current members have obtained a chunk of Class D shares in the African American-focused company.