Reve News: Urban One, parent company of KKBQ/Houston and WLHK/Indianapolis, has reported Q1 net revenue of $77.7 million, a decrease of 15.8% from the same period in 2025. The company's broadcast and digital operating income for the quarter was $14.9m, a decrease of 35.4% from the prior year. Adjusted EBITDA was $4.7m, down from $12.9m for the same period in 2025. "First quarter revenue was soft across all divisions, with TV down 18.5%, Digital down 33.5%, Radio down 6.4% and Reach Media dropped by 17.0%," says CEO/Pres. Alfred C. Liggins, III. "We had budgeted for a down-quarter in our Radio and TV divisions, but not at Reach Media and Digital ... Radio second quarter is pacing down 2.6%. We are in a turnaround situation at Reach Media, where we continue to be impacted by a weak marketplace, key client attrition and sales team re-building." Full report here.