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2021-05-21

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This is subject to the citizens of the city approving a referendum that is anticipated to be held in November 2021.</p><p><b>Why It Matters:</b>Urban One is a media company that primarily targets Black Americans and urban consumers in the U.S. The Company owns TV One, LLC, a television network serving more than 59 million households.</p><p>Urban One is seen as a potential beneficiary of McDonald’s increased&nbsp;investment in diverse-owned companies. In addition, the proposed resort in Richmond will be the first casino in the U.S. under Black ownership.</p><p><b>Price Action</b>: UONE shares closed 29.2% higher in Thursday’s regular trading session at $4.60 and further rose 7.4% in the after-hours session to $4.94.</p><p>UONEK shares closed almost 59.1% higher in the regular trading session at $9.56 and further rose almost 1.4% in the after-hours session to $9.69.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's Going On With Urban One Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's Going On With Urban One Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 11:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/05/21229905/whats-going-on-with-urban-one-stock><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of African American-centric media company Urban One Inc. surged more than 29% in the regular trading session on Thursday and further gained 7.4% in the after-hours session.What Happened:Urban ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21229905/whats-going-on-with-urban-one-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UONE":"Urban One"},"source_url":"https://www.benzinga.com/news/21/05/21229905/whats-going-on-with-urban-one-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179276595","content_text":"Shares of African American-centric media company Urban One Inc. surged more than 29% in the regular trading session on Thursday and further gained 7.4% in the after-hours session.What Happened:Urban One likely benefited fromfast-food giant McDonald’s Corp.’s announcement that it will increase its national advertising spending in Black, Hispanic, Asian, women and LGBTQ-owned media platforms from 4% to 10% between 2021 and 2024.In addition, McDonald’s said it will forge new multi-year partnerships with diverse-owned media companies.Urban One also said in a regulatory filing that the City of Richmond, Virginia, has selected its wholly-owned subsidiary RVA Entertainment Holdings, LLC (RVAEH) as the city’s preferred casino-gaming operator to develop and operate a casino resort in Richmond, to be named ONE Casino + Resort. 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