Urban One, Inc. Announces Resignation of D. Geoffrey Armstrong, A Member of the Board of Directors and Chairman of the Audit Committee
December 03, 2020 at 12:55 pm
Share
On November 30, 2020, D. Geoffrey Armstrong, a member of the Board of Directors (the “Board”) and Chairman of the Audit Committee of Urban One, Inc. (the “Company”), tendered his resignation from the Board effective as of November 30, 2020. Mr. Armstrong tendered his resignation in light of a potential conflict of interest with his other business interests and his resignation was not the result of any dispute or disagreement between Mr. Armstrong and the Company on any matter relating to the Company’s operations, policies or practices.
Urban One, Inc. is an urban-oriented, multi-media company. The Companyâs core business is its radio broadcasting franchise, which is a radio broadcasting operation that primarily targets African American and urban listeners. The Company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment consists of all broadcast results of operations. The Reach Media segment consists of the results of operations for the related activities and operations of its syndicated shows. The Digital segment includes the results of its online business, including the operations of Interactive One, as well as the digital components of its other segments. The Cable Television segment consists of the Companyâs cable television (TV) operation, including the results of operations of TV One and CLEO TV. The Company owns and/or operates over 66 independently formatted broadcast stations located in 13 African American markets in the United States.
URBAN ONE, INC. 
