US Market News
6時間前
Sigma Audio Networks Powered by MediaCo and WAPA Media Announce Strategic Partnership to Expand La Tendencia de Molusco Across the U.S.June 8, 2026 3:00 PM
Business Wire Sigma Audio Networks powered by MediaCo (Nasdaq: MDIA) and WAPA Media, a subsidiary of Hemisphere Media Group, have entered a strategic partnership to bring La Tendencia de Molusco, Puerto Rico’s #1 radio show, to audiences across the United States. Hosted by Jorge “Molusco” Pabón, La Tendencia de Molusco is a leading radio and digital entertainment brand, with a loyal audience built through its unique blend of entertainment, pop culture, comedy, and social commentary. The show airs M-F at 3pm on KQ105 FM, a top-rated radio station and a key asset of WAPA Media. Through the partnership, Sigma Audio Networks powered by MediaCo will lead U.S. syndication, affiliate distribution, and advertising sales efforts for the brand, creating new opportunities to connect audiences and advertisers with one of the most influential voices in Hispanic media. Additional distribution details will be announced at a later date. "La Tendencia de Molusco has become one of Puerto Rico's most influential media brands by consistently delivering compelling content and authentic audience engagement," said Alan J. Sokol, President and CEO of Hemisphere Media Group. "This partnership creates a powerful opportunity to introduce the show to new audiences across the United States while preserving the unique connection that has made it such a success," said Alan Sokol, President & CEO of Hemisphere Media Group. "Molusco and his team have built an incredible franchise by staying authentic and deeply connected to their audience," said Albert Rodriguez, CEO of MediaCo. "This partnership reflects our commitment to investing in premium talent and culturally relevant content that resonates with audiences across platforms." "La Tendencia de Molusco is exactly the type of premium content Sigma Audio Networks was built to bring to market," said Elisa Torres, President & CEO of Sigma Audio Networks. "We see tremendous opportunity to expand the brand's reach, create value for affiliates, and deliver meaningful opportunities for advertisers." "Partnering with Sigma Audio Networks and MediaCo allows us to introduce La Tendencia de Molusco to new audiences and continue growing the brand beyond Puerto Rico," said Jorge “Molusco” Pabón. The partnership further strengthens Sigma Audio Networks' growing portfolio of multicultural audio brands and MediaCo's commitment to delivering premium content and engaged audiences across audio, digital, streaming, and broadcast platforms. About Sigma Audio Networks Powered by MediaCo Sigma Audio Networks powered by MediaCo is a premier multicultural audio network delivering culturally relevant content and advertising solutions across a growing network of affiliates, digital platforms, and premium audio brands. About Hemisphere Media Group: Hemisphere Media Group, Inc. is the leading U.S. multi—platform media company targeting the high-growth U.S. Hispanic and Latin American markets with industry-leading television and radio networks and digital offerings. Headquartered in Miami, Florida, Hemisphere owns and operates WAPA Media, a conglomerate that includes WAPA TV, the leading broadcast television network and preeminent content producer in Puerto Rico, WKAQ 580AM and KQ105 FM, the leading AM and FM radio stations in Puerto Rico, sports network WAPA Deportes, and WAPA Digital. Additionally, Hemisphere has five leading U.S. Hispanic cable networks (Cinelatino, Pasiones, WAPA América, CentroAméricaTV, and Televisión Dominicana), two Latin American cable networks (Cinelatino and Pasiones), rising FAST channels in the U.S. (WAPA+, TODOCINE, TODO NOVELAS, Más Pasiones and ES24), and an international content distribution company. About MediaCo MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences nationwide. Its powerhouse brands—including HOT 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles, and the Don Cheto Radio Network—reach more than 20 million people each month across television, radio, digital, and streaming platforms. Its Sigma Audio Networks LLC, a groundbreaking national multicultural audio network, is modernizing how advertisers reach America’s growing multicultural audiences. View source version on businesswire.com: https://www.businesswire.com/news/home/20260608396813/en/ Media Contact: press@mediacoholding.com Original: Sigma Audio Networks Powered by MediaCo and WAPA Media Announce Strategic Partnership to Expand La Tendencia de Molusco Across the U.S.
US Market News
3週前
MediaCo Reports First Quarter Financial ResultsMay 18, 2026 5:20 PM
Business Wire MediaCo Drives Continued Momentum with $31.4 million in Revenue and Industry Leading Growth Digital revenue Surges to 49.5% of Advertising Sales Audience Share Gains, New Content and Broader Digital Distribution Driving Growth MediaCo Holding Inc. (Nasdaq: MDIA) reported financial results for the first quarter ended March 31, 2026. Year-to-date Net Revenue was $31.4 million, up $3.4 million, or 12%, from the prior year, driven primarily by new digital revenue sales. Year-to-date Net Loss was $9.4 million, compared to a Net Loss of $8.6 million from the prior year, primarily due to the increase in digital expenses, loss on disposal of assets and higher net interest costs; partially offset by higher revenue and higher net other income. Year-to-date Adjusted EBITDA was income of $0.2 million, down $1.2 million from the prior year Adjusted EBITDA income of $1.4 million, driven by higher operating and corporate expenses. Please refer to the “Definitions and Disclosures Regarding Non-GAAP Financial Information” section herein, the reconciliations at the end of this press release and additional information on our website. 2026 First Quarter Financial Summary Three Months Ended March 31, Change (Dollars in thousands) 2026 2025 % NET REVENUES $ 31,386 $ 28,030 12 % NET LOSS $ (9,368 ) $ (8,606 ) 9 % % Margin(1) (30 )% (31 )% ADJUSTED EBITDA(2) $ 203 $ 1,406 85.6 % Net Income margin is Net Loss as a percentage of Net Revenue. Adjusted EBITDA is a non-GAAP measures. Please refer to the “Definitions and Disclosures Regarding Non- GAAP Financial Information” section herein, the reconciliations at the end of this press release and additional information on our website. “We delivered double digit growth in our net revenues during the first quarter, as we continued to capitalize on our growing leadership position in serving multicultural audiences though our modern, cross-platform distribution ecosystem,” said Albert Rodriguez, MediaCo CEO and President. “Our growing digital platform is central to driving our success, as half our advertising revenues were generated through our digital channels during the quarter, once again ranking our company among the top performers in our industry. “Through our strong pipeline of culturally authentic, high-impact programming combined with our expanding distribution footprint across television, radio, digital and FAST platforms, we are growing our audience reach and elevating our ability to serve advertisers. As we monetize the strategic investments we are making in our assets and expand our revenue sources, we remain focused on streamlining our operations and building efficiencies across our business model. As a result, we believe our future is very bright as we continue to execute on our plan and deliver on our mission in serving the nation’s growing multicultural population.” Sigma Audio Networks LLC On January 1, 2026, the Company acquired an investment in Sigma Audio Networks LLC (“Investee”) or ("Sigma"), a limited liability company operating an audio advertising and media network. Branded as Sigma Audio, powered by MediaCo, the venture utilizes MediaCo’s heritage stations in the nation’s top markets and unifies premium audio inventory, influential talent and culturally rooted content targeted at Hispanic, African American and Asian American audiences. The Company accounts for the investment under the equity method of accounting as it does not control the Investee. Under the Investee’s operating agreement, eMedia serves as manager and controls the significant operating activities of the Investee. Pursuant to the operating agreement, the Company is committed to fund up to $1.0 million of the Investee’s operating needs during the initial funding period. Contributions are accounted for as capital contributions and included in the carrying value of the investment. As of March 31, 2026, the Company has contributed $0.3 million to the Investee. The Company has remaining funding commitments of $0.7 million, under the agreement. Under the operating agreement, the Company is allocated 100% of the Investee’s profits and losses until recovery of its initial capital contributions, after which profits and losses are allocated 60% to the Company and 40% to eMedia. Company and Business Highlights EstrellaTV, the nations fastest growing video network, delivered another standout first quarter - posting a +38% year-over-year increase in P18-49 prime time in Q1 2026(1). This marks the fourth consecutive quarter of audience growth, reinforcing EstrellaTV’s accelerating momentum and competitive strength. EstrellaTV exceeded prior-year P18-49 delivery across every daypart - Prime, Early Fringe, Afternoon, and Total Day, highlighting the strength and balance of its programming strategy. The fastest-growing Spanish-language broadcast network in the U.S., in March 2026, EstrellaTV was the only Spanish-language broadcast network to post growth, increasing +22% versus the prior year. HOT 97 TV expanded in the New York metro market, launching over-the-air on WASA-TV and will also continue to be available on Spectrum channels 811 and 1236. Born in New York and built into one of the most influential brands in hip hop, HOT 97 has defined culture for decades with breaking artists, shaping conversations, and setting the soundtrack for the city. Now, that legacy continues to expand across television, streaming, and digital platforms. Hot 97 TV also launched two hours of national and local news daily in January for TV and streaming. EstrellaTV continued to build its live sports business with the launch of the new COMBATE Global MMA season all produced at its Burbank studio. COMBATE Global is being broadcast live across EstrellaTV network TV, FAST and App. Also, EstrellaTV began broadcasting and streaming Team Boxing League ("TBL") fights across network TV, FAST and App. The collaboration marks a major milestone for TBL, as its fights are now available in Spanish-language for the first time, significantly expanding access to one of the fastest-growing audiences in the country. Both COMBATE GLOBAL and TBL provide an even stronger multiplatform live sports programming mix alongside EstrellaTV’s Liga MX Tigres and Juarez soccer matches. MediaCo expanded its audio ad sales and distribution capabilities announcing a new venture with Sigma Audio Networks. Through this deal, MediaCo expanded its national audio platform and key franchise shows as Don Cheto Al Aire and HOT 97 Mornings with Mero, with enhanced syndication, distribution and national advertising sales. These additions strengthen MediaCo’s ability to deliver scaled, personality-driven audio programming to multicultural audiences across terrestrial and digital platforms. MediaCo also jointly announced a new venture with Sigma Audio Networks and the launch of InterWave, a new digital audio network designed to connect advertisers with multicultural audiences across premium digital audio environments at scale. InterWave provides advertisers access to more than 210 million(2) monthly unique listeners across a curated network of premium digital audio inventory delivered through mobile apps, web players, and other digital listening environments. The platform delivers 100% transparent premium inventory within brand-safe, sound-on environments where listeners are highly engaged. 1Source: Nielsen National TV View Program Report; National Sample; NTI Calendar for Monthly, Quarterly and Season-to-date YoY comparisons; P18-49 AA (units) Program Based Dayparts (Strict Daypart) Mon-Sun 7p-11p (span). Total day performances based on ETV Total Day definition of MF 7a-2a & SS 12p-2a & M-Sa 630a-7a. Updated Big Data Plus Panel data source was used for monthly comparisons beginning with Oct 2025, prior to that, panel only data source was used for YoY comparisons. 2Source: Interwave digital network. Comscore Dec 2025 Forward-Looking Statements This communication includes or incorporates forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”). You can identify these forward-looking statements by our use of words such as “intend,” “plan,” “may,” “will,” “project,” “estimate,” “anticipate,” “believe,” “expect,” “continue,” “potential,” “opportunity” and similar expressions, whether in the negative or affirmative. Such forward-looking statements, which speak only as of the date hereof, are based on managements’ estimates, assumptions and beliefs regarding our future plans, intentions and expectations. We cannot guarantee that we will achieve these plans, intentions or expectations. All statements regarding our expected financial position, business, results of operations and financing plans are forward-looking statements. Actual results or events could differ materially from the plans, intentions or expectations disclosed in the forward-looking statements we make. We have included important facts in various cautionary statements in this communication that we believe could cause our actual results to differ materially from forward-looking statements that we make. The forward-looking statements do not reflect the potential impact of any future acquisitions, mergers or dispositions. We undertake no obligation to update or revise any forward-looking statements because of new information, future events or otherwise. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see MediaCo’s other filings with the Securities and Exchange Commission. Definitions and Disclosures Regarding Non-GAAP Financial Information We define Adjusted EBITDA as consolidated net loss adjusted to exclude restructuring expenses, business combination transaction costs, unusual and non-recurring expenditures, non-cash items and non-cash compensation included within operating expenses, as well as the following line items presented in our Statements of Operations: Equity loss in investments, Depreciation and amortization, Loss on disposal of assets, and Other income. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Provision for income taxes, Equity loss in investments, Interest expense, net, Depreciation and amortization, Loss on disposal of assets, Other income, and Other adjustments. We use Adjusted EBITDA, among other measures, to evaluate the Company’s operating performance. This measure is among the primary measures used by management for the planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. We believe this measure is an important indicator of our operational strength and performance of our business because it provides a link between operational performance and operating income. It is also a primary measure used by management in evaluating companies as potential acquisition targets. We believe the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. We believe it helps improve investors’ ability to understand our operating performance and makes it easier to compare our results with other companies that have different capital structures or tax rates. In addition, we believe this measure is also among the primary measures used externally by our investors, analysts and peers in our industry for purposes of valuation and comparing our operating performance to other companies in our industry. Since Adjusted EBITDA is not a measure calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, operating loss or net loss as an indicator of operating performance and may not be comparable to similarly titled measures employed by other companies. Adjusted EBITDA is not necessarily a measure of our ability to fund our cash needs. Because it excludes certain financial information compared with operating loss and compared with consolidated net loss, the most directly comparable GAAP financial measures, users of this financial information should consider the types of events and transactions which are excluded. For a reconciliation of these non-GAAP financial measurements to the GAAP financial results cited in this earnings release, please see the supplemental tables at the end of this release. About MediaCo Holding Inc. MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences across the U.S. Through a network of iconic brands—including Hot 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles and the Don Cheto Radio Network—MediaCo reaches over 20 million people monthly via television, radio, digital, and streaming platforms. Its Sigma Audio Networks LLC, a groundbreaking national multicultural audio network, is modernizing how advertisers reach America’s growing multicultural audiences. The company's innovative and culturally resonant content spans music, news, and entertainment across major local and national markets. More info at www.mediacoholding.com. MEDIACO HOLDING INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended March 31, Change (Dollars in thousands) 2026 2025 $ % NET REVENUES $ 31,386 $ 28,030 3,356 12 OPERATING EXPENSES: Operating expenses 34,822 29,212 5,610 19 Corporate expenses 1,666 1,593 73 5 Depreciation and amortization 1,676 1,769 (93 ) (5 ) Loss on disposal of assets 752 139 613 441 Total operating expenses 38,916 32,713 6,203 19 OPERATING LOSS (7,530 ) (4,683 ) (2,847 ) 61 OTHER INCOME (EXPENSE): Interest expense, net (3,940 ) (3,754 ) (186 ) 5 Other income, net 3,679 111 3,568 3,215 Total other expense (261 ) (3,643 ) 3,382 (93 ) LOSS BEFORE INCOME TAXES AND EQUITY METHOD INVESTMENTS (7,791 ) (8,326 ) 535 (6 ) PROVISION FOR INCOME TAXES 1,322 280 1,042 372 LOSS BEFORE EQUITY LOSS IN INVESTMENTS $ (9,113 ) $ (8,606 ) (507 ) 6 EQUITY LOSS IN INVESTMENTS $ (255 ) $ — (255 ) N/A NET LOSS $ (9,368 ) $ (8,606 ) (762 ) 9 MEDIACO HOLDING INC. NON-GAAP FINANCIAL MEASURES RECONCILIATIONS OF NET LOSS TO ADJUSTED EBITDA (1) Three Months Ended March 31, (Dollars in thousands) 2026 2025 NET REVENUES $ 31,386 $ 28,030 Net Loss $ (9,368 ) $ (8,606 ) Provision for income taxes 1,322 280 Equity loss in investments 255 — Interest expense, net 3,940 3,754 Depreciation and amortization 1,676 1,769 Loss on disposal of assets 752 139 Other income (3,679 ) (111 ) Other adjustments 5,305 4,181 Adjusted EBITDA(1) $ 203 $ 1,406 (1) We define Adjusted EBITDA as consolidated net loss adjusted to exclude restructuring expenses, business combination transaction costs, unusual and non-recurring expenditures, non-cash items and non-cash compensation included within operating expenses, as well as the following line items presented in our Statements of Operations: Equity loss in investments, Depreciation and amortization, Loss on disposal of assets, and Other income. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Provision for income taxes, Equity loss in investments, Interest expense, net, Depreciation and amortization, Loss on disposal of assets, Other income, and Other adjustments. We use Adjusted EBITDA, among other measures, to evaluate the Company’s operating performance. This measure is among the primary measures used by management for the planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. We believe this measure is an important indicator of our operational strength and performance of our business because it provides a link between operational performance and operating income. It is also a primary measure used by management in evaluating companies as potential acquisition targets. We believe the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. We believe it helps improve investors’ ability to understand our operating performance and makes it easier to compare our results with other companies that have different capital structures or tax rates. In addition, we believe this measure is also among the primary measures used externally by our investors, analysts and peers in our industry for purposes of valuation and comparing our operating performance to other companies in our industry. Since Adjusted EBITDA is not a measure calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, operating loss or net loss as an indicator of operating performance and may not be comparable to similarly titled measures employed by other companies. Adjusted EBITDA is not necessarily a measure of our ability to fund our cash needs. Because it excludes certain financial information compared with operating loss and compared with consolidated net loss, the most directly comparable GAAP financial measures, users of this financial information should consider the types of events and transactions which are excluded. View source version on businesswire.com: https://www.businesswire.com/news/home/20260518870317/en/ Investor Contact:
Debra DeFelice
Executive Vice President, Chief Financial Officer and Treasurer
MEDIACO HOLDING INC.
press@MediaCoHolding.com Original: MediaCo Reports First Quarter Financial Results
US Market News
2月前
MediaCo Reports Fourth Quarter Financial ResultsMarch 31, 2026 6:55 PM
Business Wire
-Fourth Quarter Revenue Increases 17.9% to $38.7 million-
-Fourth Quarter Digital Revenue Represents 53.5% of Advertising Sales-
-2025 Revenue Increases 39.5% to $133.3 million-
-2025 Digital Revenue Represents 42.8% of Advertising Sales-
-Record Audience Share Gains, New Content and Distribution Expansion Support Revenue Growth-
MediaCo Holding Inc. (Nasdaq: MDIA) today reported financial results for the fourth quarter ended December 31, 2025.
Year-to-date Net Revenue was $133.3 million, up $37.8 million, or 40%, from the prior year, driven primarily by new Video and Audio segment assets from the April 2024 Estrella Media, Inc., Acquisition and due to a surge in digital revenue. Year-to-date Net Loss was $66.2 million, compared to $1.3 million in the prior year. The increase reflects non-cash items, including changes in the fair value of warrant share liabilities and impairment charges related to Audio Goodwill and FCC licenses. These were partially offset by strong revenue growth and lower corporate expenses following the strategic April 2024 Estrella Acquisition, which positions the Company for continued operational and market expansion.
Year-to-date Adjusted EBITDA was $7.3 million, up $8.9 million from the prior year Adjusted EBITDA loss of $1.6 million, driven by higher revenue and improved operational management. Please refer to the “Definitions and Disclosures Regarding Non-GAAP Financial Information” section herein, the reconciliations at the end of this press release and additional information on our website.
2025 Fourth Quarter Financial Summary
Three Months Ended December 31,
Change
(Dollars in thousands)
2025
2024
%
NET REVENUES
$
38,663
$
32,804
17.9
%
NET LOSS
(32,337
)
(4,244
)
661.9
%
% Margin(1)
(83.6
)%
(12.9
)%
ADJUSTED EBITDA(1)
$
(3,706
)
$
1,733
(313.8
)%
2025 Twelve Month Financial Summary
Year ended December 31,
Change
(Dollars in thousands)
2025
2024
%
NET REVENUES
$
133,336
$
95,571
39.5
%
NET LOSS
$
(66,223
)
$
(1,302
)
4986.3
%
% Margin(1)
(49.7
)%
(1.4
)%
ADJUSTED EBITDA(1)
$
7,266
$
(1,587
)
(558.0
)%
(1)
Net Income margin is Net Income as a percentage of Net Revenue.
(2)
Adjusted EBITDA are Non-GAAP measures. Please refer to the “Definitions and Disclosures Regarding Non-GAAP Financial Information” section herein, the reconciliations at the end of this press release and additional information on our website.
“In our first full calendar year of operation, we achieved substantial gains across every facet of our plan, reflecting disciplined execution and a relentless focus on growth, as we build on our leadership position in serving multicultural audiences at the national and local level,” said Albert Rodriguez, MediaCo CEO and President. “Our progress is reflected in the addition of $38 million of incremental revenue since we brought Estrella Media’s operations under the MediaCo umbrella in 2024. Our momentum is further evidenced by the 18% year-over-year gain in our fourth quarter revenues, with digital revenue representing over 50% of our top-line results, ranking among the best in the industry.
“We are building a modern, cross-platform, multicultural media ecosystem designed for scale, spanning television, radio, digital and FAST platforms, with precision targeting and measurable results for our partners. Our unique pipeline of culturally relevant, high-impact programming is resonating with our audiences, as reflected in our strong ratings performance. The recent launch of our national audio network and the addition of new TV affiliates and digital channels will further fuel our growth trajectory and provide us with expanded opportunities to serve advertisers.
“Going forward, we remain in growth mode as we capitalize on our platform expansion and ratings gains to attract a greater share of advertising dollars. At the same time, we are focused on continuing to streamline our operations and drive efficiencies, as we build on the $8.9 million improvement in adjusted EBITDA we achieved during the past two years. Targeting a multicultural population of 150 million nationwide, we believe we are well positioned on all fronts to pursue our vision and deliver further gains in the year ahead.”
Company and Business Highlights
EstrellaTV, the leading Spanish-language television network for diverse and cross-cultural Hispanic audiences, delivered historic audience growth in 2025, with its strongest performance in more than a decade. The network posted a +14% year-over-year increase in P18–49 Mon–Sun prime, more than doubling the network’s previous record annual gain, making 2025 the strongest growth year in EstrellaTV’s history. Additionally, the network ended the year in 4Q25 +57% year-over-year showing great momentum for the rest of the broadcast year. Source: MediaCo Announces Historic Audience Growth for EstrellaTV in 2025.
MediaCo generated strong year-end audience growth across its radio portfolio, delivering significant gains in key markets and reinforcing its position as one of the fastest-growing audio companies in the country. Driven by increased listening and expanded reach, MediaCo posted robust year-over-year performance across Adults 25–54, with particularly strong results during weekday Prime listening hours, underscoring the continued strength of the company’s culturally relevant brands and local-first programming strategy.
Sigma Audio Networks LLC, a groundbreaking multicultural audio network centered on fundamentally modernizing how advertisers reach America’s growing multicultural audiences, launched in February 2026. The consolidated national network, combining premium programming, digital audio and culturally rooted live experiences, enables advertisers to efficiently reach Hispanic, Black, Asian American and bicultural audiences through a single, scalable buy that’s aligned with how brands and agencies operate today.
HOT 97, the top-ranked multicultural radio station in New York regardless of language, launched its brand-new morning show in January 2026, HOT 97 Mornings with Mero. Hosted by The Kid Mero, one of New York’s most recognizable and authentic voices in media and culture, the show features Mero’s signature commentary on culture, sports, music, and current events, alongside conversations with today’s biggest artists, athletes, and influencers. Mornings with Mero is also now available on Hot 97 TV on FAST and locally in Atlanta on WHOT-TV and full carriage with cable and satellite in the area, and in New York on WASA-TV and Spectrum.
HOT 97 News, a daily live national and local TV show created at the intersection of journalism, hip-hop, conversation, and culture, launched in January 2026. Broadcasting and streaming nationally from Atlanta across all HOT 97 TV and digital streaming platforms, the show delivers a blend of hip hop and music news, entertainment and unfiltered discussion, engaging the audience with stories through the cultural lens that has defined the HOT 97 brand for decades.
The Don Cheto Network added affiliate KZOM-FM 96.5 in Phoenix, Arizona to its national distribution footprint in late 2025. Owned by Orozco Broadcasting, the station brings one of the nation’s most beloved and influential Spanish-language entertainment brands to one of the fastest-growing Latino markets in the country, further expanding Don Cheto’s scale and national reach.
Katz Television Group, a division of Katz Media Group, the nation’s largest and most established media sales organization, began serving as national media sales representative for MediaCo’s owned-and- operated EstrellaTV stations, exclusive for political advertising and preferred for Direct Response (DR) and Paid advertising sales. Under the partnership, Katz will represent EstrellaTV stations in New York, Los Angeles, Miami, Houston, Chicago, and Denver - covering four of the top five U.S. Hispanic markets.
EstrellaTV expanded its presence in New York with WMBC full power and Orlando WDYB-CD through LMA over-the-air television station agreements serving these markets. WMBC operates on virtual channel 63 and WDYB-CD operates on virtual channel 14 with a trio of digital multicast signals. The expansion strengthens EstrellaTV’s long-term commitment to locally relevant, culturally resonant Spanish-language programming, and creates new opportunities for viewers, advertisers, and partners in New York and Central Florida.
Forward-Looking Statements
This communication includes or incorporates forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”). You can identify these forward-looking statements by our use of words such as “intend,” “plan,” “may,” “will,” “project,” “estimate,” “anticipate,” “believe,” “expect,” “continue,” “potential,” “opportunity” and similar expressions, whether in the negative or affirmative. Such forward-looking statements, which speak only as of the date hereof, are based on management's estimates, assumptions and beliefs regarding our future plans, intentions and expectations. We cannot guarantee that we will achieve these plans, intentions or expectations. All statements regarding our expected financial position, business, results of operations and financing plans are forward-looking statements.
Actual results or events could differ materially from the plans, intentions or expectations disclosed in the forward-looking statements we make. We have included important facts in various cautionary statements in this communication that we believe could cause our actual results to differ materially from forward-looking statements that we make. The forward-looking statements do not reflect the potential impact of any future acquisitions, mergers or dispositions. We undertake no obligation to update or revise any forward-looking statements because of new information, future events or otherwise. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see MediaCo’s other filings with the Securities and Exchange Commission.
Definitions and Disclosures Regarding Non-GAAP Financial Information
We define Adjusted EBITDA as consolidated Operating loss adjusted to exclude restructuring expenses, business combination transaction costs, unusual and non-recurring expenditures, non-cash items and non-cash compensation included within operating expenses, as well as the following line items presented in our Statements of Operations: Depreciation and amortization, Loss on disposal of assets, change in fair value of warrant shares liability and Other income. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Provision for income taxes, Interest expense, net, Depreciation and amortization, Loss on disposal of assets, Change in fair value of warrant shares liability, Other income, and Other adjustments. We use Adjusted EBITDA, among other measures, to evaluate the Company’s operating performance. This measure is among the primary measures used by management for the planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. We believe this measure is an important indicator of our operational strength and performance of our business because it provides a link between operational performance and operating income. It is also a primary measure used by management in evaluating companies as potential acquisition targets. We believe the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. We believe it helps improve investors’ ability to understand our operating performance and makes it easier to compare our results with other companies that have different capital structures or tax rates. In addition, we believe this measure is also among the primary measures used externally by our investors, analysts and peers in our industry for purposes of valuation and comparing our operating performance to other companies in our industry. Since Adjusted EBITDA is not a measure calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, operating loss or net loss as an indicator of operating performance and may not be comparable to similarly titled measures employed by other companies. Adjusted EBITDA is not necessarily a measure of our ability to fund our cash needs. Because it excludes certain financial information compared with operating loss and compared with consolidated net loss, the most directly comparable GAAP financial measures, users of this financial information should consider the types of events and transactions which are excluded.
For a reconciliation of these Non-GAAP financial measurements to the GAAP financial results cited in this news announcement, please see the supplemental tables at the end of this release.
About MediaCo Holding Inc.
MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences across the U.S. Through a network of iconic brands—including Hot 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles and the Don Cheto Radio Network—MediaCo reaches over 20 million people monthly via television, radio, digital, and streaming platforms. Its Sigma Audio Networks LLC, a groundbreaking national multicultural audio network, is modernizing how advertisers reach America’s growing multicultural audiences. The company's innovative and culturally resonant content spans music, news, and entertainment across major local and national markets. More info at www.mediacoholding.com.
APPENDIX
MEDIACO HOLDING INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended December 31,
Change
(Dollars in thousands)
2025
2024
$
%
NET REVENUES
$
38,663
$
32,804
5,859
18
OPERATING EXPENSES:
Operating expenses
40,375
32,681
7,694
24
Corporate expenses
2,800
2,705
95
4
Depreciation and amortization
1,693
1,953
(260
)
(13
)
Loss on disposal of assets
—
5
(5
)
(100
)
Total operating expenses
44,868
37,344
7,524
20
OPERATING LOSS
(6,205
)
(4,540
)
(1,665
)
37
OTHER INCOME (EXPENSE):
Interest expense, net
(3,955
)
(3,945
)
(10
)
—
Change in fair value of warrant shares liability
—
3,948
(3,948
)
(100
)
Impairment of goodwill and intangibles
(23,099
)
—
(23,099
)
N/A
Other income
976
5
971
19410
Total other (expense) income
(26,079
)
8
(26,087
)
(326084
)
LOSS BEFORE INCOME TAXES
(32,283
)
(4,532
)
(27,751
)
612
PROVISION FOR INCOME TAXES
54
(288
)
342
(119
)
NET LOSS
(32,337
)
(4,244
)
(28,093
)
662
MEDIACO HOLDING INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Year ended December 31,
Change
(Dollars in thousands)
2025
2024
$
%
NET REVENUES
$
133,336
$
95,571
37,765
40
OPERATING EXPENSES:
Operating expenses
143,825
106,650
37,175
35
Corporate expenses
7,288
11,859
(4,571
)
(39
)
Depreciation and amortization
6,843
5,258
1,585
30
Loss on disposal of assets
144
10
134
1,340
Total operating expenses
158,100
123,777
34,323
28
OPERATING LOSS
(24,764
)
(28,206
)
3,442
(12
)
OTHER INCOME (EXPENSE):
Interest expense, net
(15,495
)
(11,137
)
(4,358
)
39
Change in fair value of warrant shares liability
(5,923
)
38,360
(44,283
)
(115
)
Impairment of goodwill and intangibles
(23,099
)
—
(23,099
)
N/A
Other income
3,953
1
3,952
395,152
Total other (expense) income
(40,564
)
27,224
(67,789
)
(249
)
LOSS BEFORE INCOME TAXES
(65,328
)
(982
)
(64,346
)
6,553
PROVISION FOR INCOME TAXES
895
320
575
180
NET LOSS
$
(66,223
)
$
(1,302
)
(64,921
)
4,986
MEDIACO HOLDING INC.
NON-GAAP FINANCIAL MEASURES
RECONCILIATIONS OF NET LOSS TO ADJUSTED EBITDA (1)
AND NET LOSS MARGIN TO ADJUSTED EBITDA MARGIN(1)
Three Months ended December 31,
Year ended December 31,
(Dollars in thousands)
2025
2024
2025
2024
NET REVENUES
$
38,663
$
32,804
$
133,336
$
95,571
Net Loss
$
(32,337
)
$
(5,550
)
$
(66,223
)
$
(1,302
)
Provision for income taxes
54
(288
)
895
320
Interest expense, net
(3,955
)
(3,945
)
15,495
11,137
Depreciation and amortization
1,693
1,953
6,843
5,258
Loss on disposal of assets
—
5
144
10
Change in fair value of warrant shares liability
—
3,948
5,923
(38,360
)
Impairment of goodwill and intangibles
23,099
—
23,099
—
Other income
976
5
(3,953
)
(1
)
Other adjustments
6,765
5,605
25,043
21,350
Adjusted EBITDA(1)
$
(3,706
)
$
1,733
7,266
(1,587
)
(1)
We define Adjusted EBITDA as consolidated Operating loss adjusted to exclude restructuring expenses, business combination transaction costs, unusual and non-recurring expenditures, non-cash items and non-cash compensation included within operating expenses, as well as the following line items presented in our Statements of Operations: Depreciation and amortization, Loss on disposal of assets, change in fair value of warrant shares liability and Other income. Alternatively, Adjusted EBITDA is calculated as Net loss, adjusted to exclude Provision for income taxes, Interest expense, net, Depreciation and amortization, Loss on disposal of assets, Change in fair value of warrant shares liability, Other income, and Other adjustments. We use Adjusted EBITDA, among other measures, to evaluate the Company’s operating performance. This measure is among the primary measures used by management for the planning and forecasting of future periods, as well as for measuring performance for compensation of executives and other members of management. We believe this measure is an important indicator of our operational strength and performance of our business because it provides a link between operational performance and operating income. It is also a primary measure used by management in evaluating companies as potential acquisition targets. We believe the presentation of this measure is relevant and useful for investors because it allows investors to view performance in a manner similar to the method used by management. We believe it helps improve investors’ ability to understand our operating performance and makes it easier to compare our results with other companies that have different capital structures or tax rates. In addition, we believe this measure is also among the primary measures used externally by our investors, analysts and peers in our industry for purposes of valuation and comparing our operating performance to other companies in our industry. Since Adjusted EBITDA is not a measure calculated in accordance with GAAP, it should not be considered in isolation of, or as a substitute for, operating loss or net loss as an indicator of operating performance and may not be comparable to similarly titled measures employed by other companies. Adjusted EBITDA is not necessarily a measure of our ability to fund our cash needs. Because it excludes certain financial information compared with operating loss and compared with consolidated net loss, the most directly comparable GAAP financial measures, users of this financial information should consider the types of events and transactions which are excluded.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260331323520/en/
Investor Contact:
Debra DeFelice
Executive Vice President, Chief Financial Officer and Treasurer
MEDIACO HOLDING INC.
press@MediaCoHolding.com
Original: MediaCo Reports Fourth Quarter Financial Results
US Market News
3月前
Sigma Audio Networks, powered by MediaCo, Launches “Alpha Woman” A Bilingual Audio Network Where Her Voice Leads – Women First. Culture Forward.March 10, 2026 2:00 PM
Business Wire
Alpha Woman blends contemporary music, culture, and conversation with the voices of relatable personalities, influential women, and cultural tastemakers to create a listening experience that resonates with bilingual, culturally connected women across the United States.
Sigma Audio Networks, powered by MediaCo (Nasdaq: MDIA), today announced the launch of Alpha Woman, a new bilingual (English + Spanish) audio network created to celebrate, empower, and connect with the modern multicultural woman.
Built around the tagline “Where Her Voice Leads,” Alpha Woman delivers a powerful mix of contemporary music, lifestyle programming, cultural conversation, and inspirational voices that reflect the ambition, creativity, and influence of today’s women.
The network will be distributed through Sigma Audio’s national affiliate platform, reaching audiences across major U.S. markets and multicultural communities.
“Women are not only shaping culture – they are driving economic influence and defining what comes next,” said Elisa Torres, President and CEO of Sigma Audio Networks. “Multicultural women are powerful leaders in their homes, their communities, and in business. Alpha Woman was created to amplify their voices, their stories, and their influence.”
A Powerful Opportunity for Advertisers
A Powerful Opportunity for Advertisers The launch of Alpha Woman expands Sigma Audio’s ability to help brands connect with one of the most influential consumer segments in America: multicultural women.
Through Sigma Audio’s national distribution platform, advertisers will have access to:
National terrestrial reach through affiliate radio stations
Integrated campaigns across broadcast and digital audio platforms
Premium cultural environments
Opportunities for branded segments, talent integrations, and live experiences
“Multicultural women are cultural leaders and powerful decision makers within households and communities,” said Jason Corelli, SVP of Audio Integrated Sales. “Alpha Woman creates a premium environment where brands can connect authentically with this audience through culture, conversation, and meaningful storytelling.”
Part of Sigma Audio’s Cultural Network Strategy
Alpha Woman is the newest addition to Sigma Audio Networks’ growing portfolio of culturally driven audio platforms, designed to deliver scale, cultural relevance, and measurable impact for advertisers seeking to reach America’s evolving audiences.
The network will launch with an expanding group of affiliate partners nationwide, with additional markets expected to join throughout 2026.
About Sigma Audio Networks
Sigma Audio Networks, powered by MediaCo is a multicultural audio network connecting brands with diverse audiences through premium content, national distribution, and cross-platform audio solutions. Through a growing network of affiliate radio stations and digital audio platforms, Sigma Audio delivers scale, cultural relevance, and measurable impact for advertisers across the United States.
About MediaCo
MediaCo Holding Inc. (Nasdaq: MDIA) is a diverse-owned, multi-platform media company serving multicultural audiences nationwide. Its powerhouse brands—including HOT 97, WBLS, EstrellaTV, Estrella News, Que Buena Los Angeles, and the Don Cheto Radio Network—reach more than 20 million people each month across television, radio, digital, and streaming platforms. Its Sigma Audio Networks LLC, a groundbreaking national multicultural audio network, is modernizing how advertisers reach America’s growing multicultural audiences. Learn more at https://mediaco.now. Contact: press@mediacoholding.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20260310328223/en/
Media Contact:
Jason Corelli
Senior Vice President, Integrated Audio Sales
Sigma Audio Networks
Email: jcorelli@sigma.audio
Original: Sigma Audio Networks, powered by MediaCo, Launches “Alpha Woman” A Bilingual Audio Network Where Her Voice Leads – Women First. Culture Forward.