WASHINGTON, March 17, 2020 /PRNewswire/ -- Urban One,
Inc. (NASDAQ: UONEK; UONE) today announced that it will delay its
year ended December 31, 2019 earnings
release and subsequent earnings conference call, previously
scheduled for March 18, 2020. The
Company will issue its year ended December
31, 2019 financial results on Friday,
March 20, 2020 at 6:45 AM EDT
in order to allow the Company's independent registered public
accounting firm to complete their audit. The Company will host a
conference call to discuss its year ended December 31, 2019 financial results on the same
day at 10:00 AM EDT.
The conference call is scheduled for Friday, March 20, 2020 at 10:00 a.m. EDT. To participate on this call, U.S.
callers may dial toll-free 1-844-291-6362; international callers
may dial direct (+1) 234-720-6995.
A replay of the conference call will be available from
1:00 p.m. EDT March 20, 2020 until 12:00
a.m. EDT March 27, 2020.
Callers may access the replay by calling 1-866-207-1041;
international callers may dial direct (+1) 402-970-0847. The replay
Access Code is 4249913. Access to live audio and a replay of the
conference call will also be available on Urban One's corporate
website at www.urban1.com. The replay will be made available on the
website for seven days after the call.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements represent management's current expectations and are
based upon information available to Urban One at the time of this
release. These forward-looking statements involve known and unknown
risks, uncertainties and other factors, some of which are beyond
Urban One's control, that may cause the actual results to differ
materially from any future results, performance or achievements
expressed or implied by such forward-looking statements. Important
factors that could cause actual results to differ materially are
described in Urban One's reports on Forms 10-K, 10-Q, 10-Q/A, 8-K,
S-3 and other filings with the Securities and Exchange Commission
(the "SEC"). Urban One does not undertake any duty to update any
forward-looking statements.
About Urban One, Inc.
Urban One, Inc. (urban1.com), together with its
subsidiaries, is the largest diversified media company that
primarily targets Black Americans and urban consumers in
the United States. The Company
owns TV One, LLC (tvone.tv), a television network serving
more than 59 million households, offering a broad range of original
programming, classic series and movies designed to entertain,
inform and inspire a diverse audience of adult Black viewers. As of
March 17, 2020, Urban One
currently owns and/or operates 61 broadcast stations (including all
HD stations, translator stations and the low power television
station we operate) branded under the tradename "Radio One" in 14
urban markets in the United
States. Through its controlling interest in Reach Media,
Inc. (blackamericaweb.com), the Company also operates
syndicated programming including the Rickey Smiley Morning Show, the Russ Parr Morning Show and the DL Hughley
Show. In addition to its radio and television broadcast assets,
Urban One owns iOne Digital (ionedigital.com), our
wholly owned digital platform serving the African-American
community through social content, news, information, and
entertainment websites, including its Cassius, Bossip, HipHopWired
and MadameNoire digital platforms and brands. We also have invested
in a minority ownership interest in MGM National Harbor, a gaming
resort located in Prince George's County,
Maryland. Through our national multi-media operations, we
provide advertisers with a unique and powerful delivery mechanism
to the African-American and urban audiences.
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SOURCE Urban One, Inc.