J. Scott Enright
On November 26, 2024, J. Scott Enright, Jeffrey H. Smulyan and Patrick M. Walsh resigned from the Board of Directors (the “Board”) of MediaCo Holding, Inc. (the “Company”), effective on such date.
Highest-materiality recent filing
MediaCo Q1 revenue $31.4M (+12% YoY), net loss $9.4M, Adj EBITDA $0.2M down from $1.4M
Net loss widened to $9.4M from $8.6M; digital revenue surged to 49.5% of ad sales.
MediaCo Q4 revenue up 18% to $38.7M; net loss widens to $32.3M on non-cash charges
Q4 revenue $38.7M, up 17.9% YoY; full-year revenue $133.3M, up 39.5% YoY.
MediaCo receives Nasdaq deficiency notice for bid price below $1.00
Received deficiency letter on Dec 19, 2025 for closing bid price below $1.00 for 30 consecutive business days.
MediaCo Q3 net loss $17.9M on rev $35.4M; adj. EBITDA swings to $2.1M positive
Q3 net loss of $17.9M vs net income of $54.9M in prior year; swing driven by change in fair value of warrant liability.
MediaCo issues 28.2M shares at $0.00001 per share to SLF LBI Aggregator
Issued 28,205,938 shares of Class A common stock at exercise price of $0.00001 to SLF LBI Aggregator, LLC under a warrant dated April 17, 2024.
MediaCo Q2 revenue up 19% to $31.2M; Adjusted EBITDA turns positive at $1.8M
Q2 net revenue $31.2M (+19% YoY); net loss narrowed to $8.8M from $48.3M.
MediaCo completes acquisition of Estrella Broadcasting for 7,051,538 shares
Acquisition of 100% equity of Estrella Broadcasting and certain subsidiaries closed on May 1, 2025.
MediaCo CFO Ann Beemish resigns; Debra DeFelice named CFO; President Kudjo Sogadzi resigns
CFO Ann C. Beemish resigned effective Sept 30, 2024; Debra DeFelice appointed CFO & Treasurer effective Sept 26.
MediaCo adds $7.5M delayed draw facility; waives prepayment from ATM proceeds up to $7.3M
First Lien Credit Agreement amended to provide up to $7.5M additional delayed draw term loans.
MediaCo receives Nasdaq deficiency notice for late Q2 2024 10-Q; plan due Oct 21
Nasdaq notified MediaCo on Aug 20, 2024 of non-compliance with Listing Rule 5250(c)(1) for failure to timely file Q2 2024 Form 10-Q.
MediaCo acquires Estrella MediaCo business; files business description and financials in 8-K/A
Purchased substantially all Estrella assets (excl. broadcast) and assumed liabilities; Estrella MediaCo produces Spanish-language content.
MediaCo completes Estrella asset acquisition; issues warrants, preferred stock, and $65M in debt
Consideration: warrant for 28.2M shares at $0.00001, 60k Series B preferred ($60M liquidation), $30M second lien term loan, ~$30M cash.
MediaCo gets 180-day extension to Sept 9, 2024 to cure Nasdaq minimum bid price deficiency
Nasdaq granted MediaCo a second 180-day period, until September 9, 2024, to meet the $1.00 minimum bid price requirement.
On November 26, 2024, J. Scott Enright, Jeffrey H. Smulyan and Patrick M. Walsh resigned from the Board of Directors (the “Board”) of MediaCo Holding, Inc. (the “Company”), effective on such date.
On November 26, 2024, J. Scott Enright, Jeffrey H. Smulyan and Patrick M. Walsh resigned from the Board of Directors (the “Board”) of MediaCo Holding, Inc. (the “Company”), effective on such date.
On November 26, 2024, J. Scott Enright, Jeffrey H. Smulyan and Patrick M. Walsh resigned from the Board of Directors (the “Board”) of MediaCo Holding, Inc. (the “Company”), effective on such date.
On October 24, 2024, Brian Kei, the Chief Operating Officer of the Company, resigned as an officer of the Company, effective October 25, 2024.
Also on October 29, 2024, Rene Santaella was appointed by the Board to serve as Chief Operating Officer of the Company, effective immediately
On October 29, 2024, Alberto Rodriguez, the Chief Revenue Officer of the Company and the President of MediaCo Audio, was appointed by the Company’s Board of Directors (the “Board”) to also serve, in an interim capacity, as Chief Executive Officer and President of the Company, effective immediately
On October 28, 2024, Jacqueline Hernández, who had been serving as the Company’s interim Chief Executive Officer and President, ceased to serve in such capacities, having served the full six-month term of her engagement
On October 1, 2024, the Company and Ms. Beemish entered into a Separation and General Release Agreement, dated October 1, 2024 (the “Separation Agreement”), pursuant to which Ms. Beemish will receive, upon execution of a customary release and the completion and termination of the Consulting Agreement (as discussed below), payment of $170,238, payable in equal monthly installments over a six-month period.
Jacqueline Hernández, the Company’s interim Chief Executive Officer, was elected to also serve as interim President as of such date.
On September 25, 2024, Ann C. Beemish, the Chief Financial Officer of MediaCo Holding Inc. (the “Company”), resigned as an officer of the Company, effective September 30, 2024.
On September 26, 2024, Kudjo Sogadzi, the President of the Company, resigned as an officer of the Company, effective on such date.
On September 26, 2024, the Board of Directors (the “Board”) of the Company appointed Debra DeFelice, age 55, as the Company’s Chief Financial Officer and Treasurer.
Max materiality 0.85 · Median 0.57 · Most common event other_material