Mediaco Repays $7.3 Million Convertible Note

MT Newswires Live

2024/11/26

Mediaco Holding (MDIA) said Tuesday it has made a full $7.3 million repayment of the convertible promissory note held by Emmis Communications.

In connection with the repayment, Emmis' representatives have resigned from Mediaco's board, the media company added.

Mediaco's shares rose nearly 22% in recent trading.

Price: 1.60, Change: +0.29, Percent Change: +21.67

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