Urban One Stock Recovers; Next Week on Watch After Holiday
Urban One Class A shares climbed 7% last week to $6.015, while Class D shares fell 6% to $4.80. The company’s first-quarter net revenue dropped 15.8% to $77.7 million, with declines across radio, digital, and cable divisions. Nasdaq is closed Monday for Memorial Day, with trading set to resume Tuesday. Urban One’s pending Dallas radio deal remains under FCC review.
