URBAN ONE, INC.

Urban One, Inc. is an urban-oriented, multi-media company primarily targeting African-American and urban consumers. The company's core business is its radio broadcasting franchise, which is the largest radio broadcasting operation primarily targeting these listeners. As of December 31, 2025, Urban One owned and/or operated 76 independently formatted, revenue-producing broadcast stations, including 58 FM or AM stations, 16 HD stations, and 2 low power television stations. These stations are located in 13 of the most populous African-American markets in the United States. Historically, a core source of revenue has been the sale of local and national advertising for broadcast on its radio stations. Urban One has diversified its revenue streams through acquisitions and investments in complementary media properties. These include TV One, LLC, which operates two cable television networks, TV One and CLEO TV, targeting African-American and urban viewers. The company also holds an approximately 94.6% ownership interest in Reach Media, Inc., which operates the Rickey Smiley Morning Show and other syndicated programming assets like the Get Up! Mornings with Erica Campbell Show and the DL Hughley Show. Additionally, Urban One owns Interactive One, LLC, a digital platform serving the African-American community through social content, news, information, and entertainment websites, including its iONE Digital, Cassius, Bossip, HipHopWired, and MadameNoire digital platforms and brands. The core radio broadcasting franchise operates under the "Radio One" brand, alongside other brands such as TV One, CLEO TV, Reach Media, iONE Digital, and One Solution.