Urban One Rises Amid A Sea Of Red


Shares of Black consumer-centric Urban One improved by 27 cents, to $4.87, on a day when nearly every media company stock price dipped — swept up in inflation fear worries.

The Dow Industrials were down by 2%, to 33,587.66. The Nasdaq index was down by 2.7%, to 13,031.68.

Joining UONE in a gain: Hemisphere Media Group, owner of Puerto Rico-based WAPA Television. HMTV gained 2%, to $12.25.

Otherwise, it was a dreary Wednesday for media stocks.

Audacy was down 5.4% to $4.02.

Veritone slipped 7.8% to $17.69.

Meanwhile, following its 30% surge on Tuesday, Saga Communications was down 8.5% to $25.10.