MediaCo Completes Full Repayment of $7.3 Million Convertible Promissory Note

Business Wire2024-11-26

NEW YORK, November 26, 2024--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) ("MediaCo"), a leading multicultural media company, announced today that it has fully repaid in cash the $7.3 million ...

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(Nasdaq: MDIA) (\"MediaCo\"), a leading multicultural media company, announced today that it has fully repaid in cash the $7.3 million ...</p>\n\n<a href=\"https://finance.yahoo.com/news/mediaco-completes-full-repayment-7-144100874.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MediaCo Completes Full Repayment of $7.3 Million Convertible Promissory Note</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMediaCo Completes Full Repayment of $7.3 Million Convertible Promissory Note\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-26 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/mediaco-completes-full-repayment-7-144100874.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK, November 26, 2024--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) (\"MediaCo\"), a leading multicultural media company, announced today that it has fully repaid in cash the $7.3 million ...</p>\n\n<a href=\"https://finance.yahoo.com/news/mediaco-completes-full-repayment-7-144100874.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4125","symbol_name":"广播","start_time":0,"source_url":"https://finance.yahoo.com/news/mediaco-completes-full-repayment-7-144100874.html","article_id":"2486200004","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/IqahUGdvc4JDo9737GGJ2g--~B/aD01MTI7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/business-wire.com/4bf9206c5c8390772fc9a7ca7942fd8b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486200004","pubTimestamp":1732632060,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NEW YORK, November 26, 2024----MediaCo Holding Inc.  , a leading multicultural media company, announced today that it has fully repaid in cash the $7.3 million convertible promissory note  held by Emmis Communications Corporation. In connection with the satisfaction of the Note, the representatives of Emmis on MediaCo’s Board of Directors have resigned from the Board, effective immediately.This repayment reflects MediaCo’s focus on strengthening its balance sheet. \"We are pleased to take this step forward,\" said Albert Rodriguez, interim Chief Executive Officer and President of MediaCo. \"This eliminates our only near-term maturity and positions us to continue our expanding mission to reach diverse audiences and drive growth for the future.\". Two FM radio stations and a low power TV station in New York; a full power TV station and a cluster of four FM radio stations in Los Angeles; a low power TV station in Chicago; a cluster of three FM radio stations in Dallas; a full power TV station","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4125":"广播","MDIA":"Mediaco Holding Inc."},"translate_title":"MediaCo完成730万美元可转换本票的全额偿还","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDIA":0.9},"content_text":"NEW YORK, November 26, 2024--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) (\"MediaCo\"), a leading multicultural media company, announced today that it has fully repaid in cash the $7.3 million convertible promissory note (the \"Convertible Note\") held by Emmis Communications Corporation. In connection with the satisfaction of the Note, the representatives of Emmis on MediaCo’s Board of Directors have resigned from the Board, effective immediately.\nThis repayment reflects MediaCo’s focus on strengthening its balance sheet. \"We are pleased to take this step forward,\" said Albert Rodriguez, interim Chief Executive Officer and President of MediaCo. \"This eliminates our only near-term maturity and positions us to continue our expanding mission to reach diverse audiences and drive growth for the future.\"\nMediaCo was formed through the recent merger between two iconic New York radio stations, WBLS and Hot97 and the Estrella Media network. The combination enjoys ownership/management over significant broadcasting assets including:\nTwo FM radio stations and a low power TV station in New York; a full power TV station and a cluster of four FM radio stations in Los Angeles; a low power TV station in Chicago; a cluster of three FM radio stations in Dallas; a full power TV station in Houston and cluster of three FM stations in Houston; a full power TV station in Denver; and a full power TV station in Miami.\nMediaCo also enjoys significant content assets, namely the Estrella Television Network with titles such as Tengo Talento Mucho Talento and Rica Famosa Latina with over 20,000 hours of original library and 24/7 Spanish-language news with distribution on broadcast, pay television and multiple FAST channels. In radio, the Company owns iconic R&B station WBLS and the ‘Home of Hip-Hop\" Hot97 and in Spanish language, Que Buena led by talent such as Funkmaster Flex and Don Cheto, respectively. The company also owns multiple studio assets, has a long heritage of successfully hosting music festivals and concerts, and operates its own network sales office.\nOur website is https://mediacoholding.com/\nForward-Looking Statements\nThese statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this communication. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20241126860163/en/\nContacts\nFor press inquiries: press@mediacoholding.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486200004"}