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    Ben Briggs

    Research Analyst at StoneX Financial, Inc.

    Ben Briggs is Director and Leveraged Finance Strategist at StoneX Financial Inc., specializing in leveraged finance and fixed income strategy. He covers major companies in the high-yield and leveraged loan markets, where his investment research has contributed to strong client returns and high performance standards. Briggs began his career as an intern at Markit in 2011, then worked at KGS-Alpha Capital Markets and BullsBridge Capital, joining StoneX in July 2016 and advancing to his current role in June 2022. He holds a B.A. from Columbia University and possesses FINRA Series 7 and Series 63 securities licenses.

    Ben Briggs's questions to URBAN ONE (UONE) leadership

    Ben Briggs's questions to URBAN ONE (UONE) leadership • Q4 2024

    Question

    Asked about capital allocation plans for 2025, specifically the mix between debt and stock buybacks, recent debt repurchase activity, the composition of the digital segment revenue, and how revenue recategorization will be handled in future reporting.

    Answer

    The company confirmed its primary focus is on opportunistic debt reduction, with only a small stock repurchase plan in place. No debt has been repurchased since January. Management detailed the digital segment's components and announced that Connected TV (CTV) revenue will move to the TV segment starting in 2025. Prior periods will not be restated, but color will be provided on future calls.

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