---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006861"
form_type: "8-K"
ticker: "UONE"
cik: "0001041657"
company_name: "URBAN ONE, INC."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T11:27:19.649091+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Urban One completes sale of MGM National Harbor interest for $136.8M

## Summary
- Closed sale of 100% interest in MGM National Harbor, LLC to MGMNH on April 21, 2023.
- Received approximately $136.8 million at settlement plus $8.7 million annual distribution for FY2022.
- Sale pursuant to put notice issued March 8, 2023; previously reported on Form 8-K.
- Proceeds from sale not yet earmarked; company cites forward-looking risks.

## SEC filing metadata
- accession: 0001558370-23-006861
- form_type: 8-K
- ticker: UONE
- cik: 0001041657
- company_name: URBAN ONE, INC.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041657/000155837023006861/0001558370-23-006861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041657/000155837023006861/uone-20230421x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006861
- JSON: https://secwatch.observer/filing/0001558370-23-006861.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006861.txt

## Key facts
- M&A Transactions
  URBAN ONE, INC. completed a disposition involving MGM National Harbor, LLC for approximately $136.8 million (closed 2023-04-21).
  - Action: disposition
  - Counterparty: MGM National Harbor, LLC
  - Consideration: approximately $136.8 million
  - Closing: 2023-04-21
  source text: to MGMNH. The sale was pursuant to the Put Notice issued March 8, 2023, and reported on March 10, 2023, on a Current Report on Form 8-K. The Company received approximately $136.8 million at the time of settlement of the Put Interest, representing the put price. During the quarter ended March 31, 2023, the Company received $8.7 million representing the Company’s
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041657/000155837023006861/0001558370-23-006861-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.