Radio Companies Start To Draw Big Bucks From Credit Lines

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On his company’s quarterly earnings call held Monday morning, Urban One revealed that the multimedia company superserving African Americans had drawn millions from its asset-backed credit facility.


It turns out that, on March 17, another media company with a deep radio broadcasting component tapped in to its credit line — a move that could be replicated across all radio and TV companies as the coronavirus pandemic ravages income sources and programming options.

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