Urban One, Inc. (NasdaqCM:UONE.K) is looking for mergers and acquisitions. During the first quarter 2022 results conference call, Alfred C. Liggins, Chief Executive Officer, said that “We're looking at some strategic M&A opportunities in the Radio business, particularly in some markets that we already exist in. We're being careful and prudent.

I like our leverage where it's at today, I'd like to get it lower. I think that we would like to ultimately get the company into a place where we can continue to create value, but we also get ourselves into a return of capital to shareholder position. But you got to balance those.

I mean, if we win the casino, it's definitely worth putting $100 million into that opportunity and will create a lot more value. And we look at the same way for M&A opportunities”.