secwatch.observer — SEC 8-K summary
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Issuer:     URBAN ONE, INC. (UONE)
CIK:        0001041657
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001558370-22-010093
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 5.07, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban One signs $25M deal for Emmis Indianapolis radio cluster, expects Q3 2022 close
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- Definitive asset purchase agreement to acquire WYXB, WLHK, WIBC, translators, and Network Indiana from Emmis for $25M.
- Transaction expected to be accretive to earnings; Urban One will sell WHHH and WNOW intellectual property to a third party.
- Both acquisition and disposition subject to FCC approval and customary conditions; anticipated closing in Q3 2022.
- Emmis to continue operating its stations and Urban One to operate WHHH until transaction closes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041657/000155837022010093/0001558370-22-010093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041657/000155837022010093/uone-20220614x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-010093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer