Radio Companies Start To Draw Big Bucks From Credit Lines


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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