secwatch.observer — SEC 8-K summary
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Issuer:     Mediaco Holding Inc. (MDIA)
CIK:        0001784254
Form:       8-K
Filed at:   2024-11-27T23:59:59+00:00
Accession:  0000929638-24-004056
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MediaCo repays $7.3M convertible note to Emmis; three directors resign
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- MediaCo fully repaid the $7.3M Emmis convertible promissory note in cash on Nov. 25, 2024, discharging all obligations.
- In connection with repayment, Emmis-nominated directors J. Scott Enright, Jeffrey H. Smulyan, and Patrick M. Walsh resigned from the Board.
- Interim CEO Albert Rodriguez stated the repayment eliminates the company's only near-term maturity and strengthens the balance sheet.
- MediaCo holds assets including WBLS, Hot97, and Estrella Media network.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1784254/000092963824004056/0000929638-24-004056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1784254/000092963824004056/a8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-24-004056

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