MediaCo Completes Full Repayment of $7.3 Million Convertible Promissory Note
Mediaco Holding Inc. - Class A (MDIA)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--MediaCo Holding Inc. (Nasdaq: MDIA) (“MediaCo”), a leading multicultural media company, announced today that it has fully repaid in cash the $7.3 million convertible promissory note (the “Convertible Note”) held by Emmis Communications Corporation. In connection with the satisfaction of the Note, the representatives of Emmis on MediaCo’s Board of Directors have resigned from the Board, effective immediately.This repayment reflects MediaCo’s focus on strengthening its balance sheet. “We are pleased to take this step forward,” said Albert Rodriguez, interim Chief Executive Officer and President of MediaCo. “This eliminates our only near-term maturity and positions us to continue our expanding mission to reach diverse audiences and drive growth for the future.”MediaCo was formed through the recent merger between two iconic New York radio stations, WBLS and Hot97 and the Estrella Media network. The combination enjoys ownership/management over significant bro
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Sec Filings
- 12/13/24 - Form 8-K
- 12/12/24 - Form 424B5
- 12/9/24 - Form EFFECT
- MDIA's page on the SEC website