SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2018

9.	SUBSEQUENT EVENTS:

On May 1, 2018, the Company announced it signed a definitive agreement to sell the assets of one of its Detroit, Michigan, radio stations, WPZR-FM (102.7 FM), to Educational Media Foundation, of California, for total consideration of approximately $12.7 million. As part of the deal, the Company will receive 3 FM translators that service the Detroit metropolitan area, and these signals will be combined with its existing FM translator to multicast the Detroit Praise Network. The closing on the sale of WPZR-FM is subject to customary conditions, prorations and adjustments, including approval from the FCC. Urban One expects the transaction to close shortly after final consent from the FCC.

On May 7, 2018, the Company repurchased approximately $14 million of its 2020 Notes at an average price of approximately 95.125% of par.