Dominic Laib's questions to Urban One Inc (UONE) leadership • Q2 2024
Question
Dominic Laib inquired about the persistent weakness in the digital segment, the status of the full-year EBITDA guidance, the strategy for future debt repurchases, and any updates on potential acquisitions from EW Scripps.
Answer
Alfred Liggins (executive) explained that digital weakness stems from a national ad pullback but expects a better second half driven by political ads. He confirmed the $110M-$120M EBITDA guidance but anticipates results at the lower end. Liggins emphasized that debt buybacks will remain opportunistic and a high priority for deleveraging, and stated there were no new updates on the potential EW Scripps transaction.