WIBC-FM News Director John Herrick Exits
News/talk WIBC-FM, Indianapolis news director John Herrick reveals that he’s been let go by the Urban One station after three years as news director. He posted to Facebook: “I am proud of the work we accomplished and the stories we were able to tell on behalf of our listeners. I especially appreciate the trust and support of the people who welcomed us into their lives through our 
reporting. While this chapter has come to an end, I remain committed to the values that have guided my career: serving the public, pursuing the truth, and treating people with fairness and respect. I want to thank my colleagues, mentors, friends, and family – especially my wife and sons – for their support throughout this journey. I look forward to what comes next and the opportunity to continue contributing meaningful work. I will still be broadcasting games, and I will continue to be a member of the Indiana University Radio Network.” This comes on the heels of the spring firing of late morning talk host Rob Kendall and the subsequent exit of late morning co-host Casey Daniels, who left of her own volition.
in the early 1960s. WCNC-TV reports that local radio fan Johnny Caudle has launched a Change.org petition to save some of the history. He tells WCNC-TV, “I heard the land was for sale and knowing the radio background industry the way I do, I know that that probably means the towers are going down and the place is going to be bulldozed and redeveloped. So, I started thinking we need to save something.” Caudle says he’s not trying to kill any deal that would see the land developed but just wants “to preserve something.” The story indicates the property has an assessed value of $3.5 million. Urban One has not made a public statement about the future of the property. 
back if he leaves before the end of the term of the agreement. For each complete calendar year of the term of the deal, Thompson is eligible to receive an annual performance bonus of up to $300,000 with the opportunity to earn up to 132% of the target bonus for superior performance. Also, provided that the material weaknesses identified in the company’s Form 10-K for the period ended December 31, 2025, are remediated, at the end of the term of the Agreement, Thompson is eligible to receive bonus compensation in the amount of $850,000. He is also eligible to receive certain stock-based compensation. 
a year ago. Additionally, Urban One reports a net loss of approximately $3.1 million for the period, compared to the net loss of $11.7 million it reported in Q1 of 2025. Urban One CEO and president Alfred C. Liggins, III states, “First quarter revenue was soft across all divisions, with TV down 18.5%, Digital down 33.5%, Radio down 6.4% and Reach Media dropped by 17.0%. We had budgeted for a down-quarter in our Radio and TV divisions, but not at Reach Media and Digital… In Radio, our Miller Kaplan local Radio revenues were down 5.5% year-over-year vs the market down 7.1% and national was down 8.2%, vs the market down 6.7%. Including local digital, first quarter Radio revenue was down 2.8%. We did approximately $1.0 million in gross political advertising in the first quarter and have another $1.0 million on the books for the second quarter. Radio second quarter is pacing down 2.6%. We are in a turnaround situation at Reach Media, where we continue to be impacted by a weak marketplace, key client attrition and sales team re-building. Digital also had a soft first quarter, driven by weak advertiser demand but second quarter is forecasted to be up, and there is optimism for the back half of the year based on the current sales pipeline.”
the Monday through Friday program “cuts through the noise of the standard 24-hour sports cycle” in which “Taylor delivers 5-10 minutes of sharp insight, authentic commentary, and cultural depth, offering perspective on the headlines that matter most. The show is built on the philosophy that ‘nobody breaks down the game like a woman who actually knows it.’” Taylor adds, “I wanted to create something fast, focused, and always authentic. Sports fans are busy, but they want the context behind the conversation. With ‘The Daily Play,’ I’m giving them what it means and what to watch next – in just a few minutes. Joining Urban One allows me to talk directly to a loyal, engaged audience across the country. I’m excited to get back to my radio roots!”
management for Urban One. MIW says Flowers “has built a career centered on driving revenue, fostering meaningful brand partnerships, and creating opportunities for growth across the industry.” MIW board president Sheila Kirby comments, “Lori is truly a light in this industry, someone who consistently shows up with intention, generosity, and a commitment to lifting others. She brings both strategic clarity and a strong sense of purpose to everything she does, and I have no doubt she will continue to push MIW forward while creating meaningful opportunities for women across the business.”
Children’s Research Hospital and raised $1.7 million. Audio division co-president Deon Levingston says, “Our partnership with St. Jude Children’s Research Hospital has been one of the most meaningful commitments we’ve made as a company. This event affords the Radio One/Reach Media team the opportunity to play a part in supporting families during some of the most difficult moments of their lives. We are proud to share the St. Jude mission with our listeners and grateful that they continue to respond each year.”
2024. Urban One CEO and president Alfred C. Liggins, III, states, “As expected, we had a tough fourth quarter due to a combination of non-recurring political advertising, soft radio markets and declining audience delivery in our cable television business. Despite this, we were able to achieve full-year Adjusted EBITDA within our previous guidance range at $56.7 million. The biggest revenue drag in the fourth quarter resulted from weak cable TV prime delivery, down approximately 20.0% from the third quarter, although we have seen a significant recovery in the first quarter 2026 as the revised Nielsen methodology has given us an approximate 40.0% – 50.0% lift compared to the fourth quarter 2025. Radio pacings in the first quarter of 2026 are currently down 5%, but we remain positive on the outlook for mid-term political revenues later in the year. I was pleased that we were able to repurchase a significant amount of our 2028 Notes at a discount, extend out the maturity on all but a small stub of the notes, and increase the size and term of our ABL Credit Agreement. This transaction sets up the company with a stable capital structure and extended maturity runway to allow us to continue to de-lever the business. In January 2026 we also regained compliance with the Nasdaq listing requirements by effectuating a 1-for-10 reverse stock split.”
maturity date of its asset-based lending facility to December 18, 2030. Additionally, Urban One announces it receives confirmation from Nasdaq that it has regained compliance with the stock exchange’s $1.00 minimum bid price requirement, closing at or above $1.00 for 10 consecutive business days between January 23 and February 6, 2026. Urban One’s stock closed at $11.42 on February 10, 2026. On January 22, 2026, it executed a reverse stock split of all classes of its Common Stock. 
last 9 years. Being your voice, using my platform to speak up for you, to take on the powerful, the connected, the politicians, has been the greatest honor of my professional life. You have responded with incredible ratings and support of our advertisers that stood behind me. In the process we have formed an unbreakable bond. In the end, the show was always about us. In a battle together. I also want to thank those of you who have written letters in support of me the last 3 weeks. I was so moved by the outcry demanding this beautiful thing we’ve forged together keep going at the place we made it happen. If you want the answers why it will not occur, that’s a question for Urban One. We have some amazing things coming soon! Our bond is so much bigger than any singular platform or frequency. You have proven that in recent weeks. I can’t wait to tell you all about our new opportunities together in the near future. In the meantime, thank you for all YOU have given to me the last 9 years. Your loyalty and dedication allowed me to live out my boyhood dream. I will never be able to thank you enough.” Kendall hasn’t publicized his plans for the future but appears to be leaning toward a digital platform as he’s continuing to post Indiana and Indianapolis news via social media.
contract dispute Urban One management but he’s not exactly sure why. Kendall’s contract expired in October and his attorney Jay Kanzler says the problem is not about money. He tells the Star, “It’s not like he walked in there and demanded more money. People are scratching their heads.” Kendall began speaking with management prior to his October contract date asking “to discuss new marketing ideas and flexibility in his role in a challenging radio industry.” When those efforts failed, he hired Kanzler who reached out to management. But, Kendall and Kanzler say neither of them have heard back from the company. 
Common Stock and Class D Common Stock at a ratio of 10 for 1. The company states, “The reverse stock split is being conducted to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market with respect shares of the Company’s Class D Common Stock.” No fractional shares of Common Stock will be issued in connection with the reverse stock split. Holders of stock who would otherwise receive a fractional share will receive cash in lieu of the fractional share equal to the closing sales price of the stock on the effective date – in this case January 22.
Lien Senior Secured Notes due 2031. The company reports that it “received from Eligible Holders valid and unwithdrawn tenders and related Consents, as reported by its exchange agent, representing approximately $476.02 million in aggregate principal amount of Existing Notes, or approximately 97.580% of the aggregate principal amount of Existing Notes outstanding.” This move allows Urban One to kick the can down the road another three years in exchange for paying debt holders a higher rate of return.
Carolina – southwest of the city of Charlotte. The company says the move will bring “Charlotte’s premier source for news, conversation, and community connection to a powerful 100,000-watt signal.” The company is moving WLNK to the 100.9 and 93.3 frequencies. Charlotte VP and market manager Marsha Landess adds, “We are thrilled to elevate WBT to the FM dial, ensuring that even more listeners can connect with the voices they trust every day. These moves further strengthen our position in the market and reinforce our commitment to serving Charlotte with the best local programming, news, and entertainment.”
purchase up to $185 million in aggregate principal amount of the Existing Notes for up to $111 million in cash and the right to subscribe to purchase up to $60.6 million in aggregate principal amount of newly issued 10.500% First Lien Senior Secured Notes due 2030. As of 5:00 pm ET yesterday (12/1), Urban One received from Eligible Holders valid and unwithdrawn tenders and related Consents, as reported by D.F. King & Co., Inc., representing approximately $450 million in aggregate principal amount of Existing Notes, or approximately 92.2% of the aggregate principal amount of Existing Notes outstanding. 
January 1. Co-president of the Urban One Audio Division Eddie Harrell says, “For more than three decades, Howard has been a steady, visionary leader for our Baltimore cluster. His commitment to excellence, his instinct 
for developing talent, and his deep understanding of this market have strengthened our stations and helped shape the culture of our entire audio division.” Willner began his career with Urban One and transitioned to account executive before rising to national sales manager, general sales manager and ultimately, director of sales. Harrell adds, “Dave has had the benefit of learning the business under Howard’s guidance for many years, and he embodies the forward-thinking leadership we need for the next chapter. I’m confident he will build on Howard’s strong foundation and continue to advance the success of the Baltimore market.” The company says Mazer will work closely with Willner through the end of the year to ensure a smooth and seamless transition.
Notes due 2031, to be issued by the company and guaranteed by each existing and future subsidiaries of the company, and cash. In connection with the Exchange Offer, Urban One begins offer to purchase up to $185 million in aggregate principal amount of the Existing Notes for up to $111 million in cash. In connection with the Exchange Offer, the company is also offering Eligible Holders the right to subscribe to purchase up to $60.6 million in aggregate principal amount of 10.500% first lien senior secured notes due 2030.
the same period a year ago. Urban One CEO and president Alfred C. Liggins, III says, “Third quarter results came in slightly softer than expected across the board. Core radio, excluding political, finished down 8.1%, and our Radio segment is currently pacing down 30.2% all-in and 6.4% ex-political for the fourth quarter of 2025. Revenues at our Reach Media and Digital segments were down 40.0% and 30.0% respectively, which was on the lower end of expectations. Cable TV advertising was down 5.4% and affiliate revenue was down 9.1% driven by continuing subscriber churn. In light of the soft overall market conditions, we are reducing our full year guidance from $60 million of Adjusted EBITDA to $56 to $58 million. Our focus remains on controlling costs, managing debt, leverage and liquidity. During the third quarter of 2025, we repurchased $4.5 million of our 2028 Notes at an average price of approximately 52.0% of par, reducing our outstanding debt balance to $487.8 million.” 
operations manager for the station group that includes news/talk WERE-AM. Urban One SVP of programming Colby Tyner comments, “These leadership changes reflect the incredible depth of talent within Radio One. It’s exciting to see so many of our team members grow within the company and take on new challenges across markets. By empowering our brightest minds to share fresh ideas and perspectives, we ensure our stations remain dynamic, creative, and deeply connected to the communities we serve.”
entertainment & integrated marketing Jeff Meza says, “Cultural ROI is the vehicle for us at Urban One to further our mission to help educate the industry and brand partners alike on the importance that intentions must be rooted in strategy, and this new economy requires development of total market plans that are inclusive and representative of authentic experiences.” Urban One VP, television and digital research Audrey Cochran adds, “I am incredibly proud of the work we’ve done to quantify the undeniable impact that Black consumers have on U.S. culture. This study not only demonstrates their impact and influence on broader consumer behavior but also underscores the value of authentically connecting with this segment – and the business risks of failing to do so.” 
Jeff Rickard says, “ESPN has long set the standard for covering the biggest live sporting events and the athletes who define them. We’re thrilled to team up for premier play-by-play and insightful nightly conversation. Combined with our award-winning local lineup, this partnership gives Charlotte the very best in local and national sports coverage.”
outstanding Class A and Class D Common Stock, at a ratio within a range between one-for-two and one-for-30, subject to and as determined by a committee appointed by the Board of Directors. This comes as the company faces an August 11 deadline for its Nasdaq-traded stock to close at a price above $1 for 10 consecutive sessions, or risk delisting. If that fails, the company could apply for a 180-day grace period but it’s more likely the board goes ahead with the stock split.
expectations: core radio advertising finished at -12.4% excluding digital, and Cable TV advertising was -6.3%. Our cable TV ratings stabilized significantly in the first quarter of 2025 and are performing in line with our 2025 budget. Second quarter core radio advertising pacings have weakened over the past several weeks and are now -8.7%. Our first quarter 2025 digital revenues were down 16.1% driven by expected weakness in streaming and podcasting revenues. Based on our year-to-date performance, we reaffirm our full year guidance of $75 million in Adjusted EBITDA. Our cumulative debt repurchases so far in 2025 are $88.6 million at an average price of 53.9%, resulting in reduced gross debt of $495.9 million, and we currently have approximately $79.8 million of cash on hand. In a challenging marketplace, our focus remains on controlling costs, managing leverage and retaining a strong liquidity position.”