URBAN ONE, INC.

URBAN ONE, INC.

URBAN ONE, INC. was founded by Catherine Hughes as Radio One in 1980, later rebranding to Urban One in 2017. The company is publicly listed on the Nasdaq under the symbol UONE, with Catherine L. Hughes serving as Chairperson. Wealth originates from Hughes' entrepreneurial founding of the radio station WOL in Washington, D.C. Urban One's strategy centers on multiplatform content: radio broadcasting, digital advertising, live event production, and television network TV One. The firm targets English-speaking Black audiences across the U.S. and has expanded into social justice initiatives and podcasting. Notable owned assets include the cable network TV One and the digital platform iOne Digital (per SEC filings, 2024). Geographically, the company's footprint spans urban markets nationwide, with headquarters in Lanham, Maryland. The company reports annual revenues exceeding $430 million (per SEC filing, fiscal year 2023). Urban One employs roughly 1,000 full-time staff across its broadcast and digital operations. Adjacent vehicles include the Urban One Impact Fund, a philanthropic arm supporting community partnerships and minority-owned businesses. In April 2024, Urban One launched the REACH Network, a B2B multimedia platform for reaching Black consumers (per press release, April 2024). Urban One is structurally distinct as a publicly traded company that operates with a mission-driven focus on Black consumer engagement. Unlike many family offices or asset managers, it is a controlled company under the Hughes family, blending corporate governance with concentrated ownership. This public structure imposes quarterly reporting and fiduciary duties to all shareholders, while the founding family retains significant strategic control.