Mediaco Holding Inc.

Mediaco Holding Inc. announced significant leadership changes. Brian Fisher, previously Chief Revenue Officer, has been appointed President, effective immediately, while Albert Rodriguez remains CEO. Concurrently, Debra DeFelice has departed from her roles as CFO, Treasurer, and Executive Vice President. Roberto Castro, the company's Senior Vice President and Corporate Controller, has been appointed interim CFO and interim Treasurer.

Mediaco Holding Inc. reported its first quarter 2026 financial results, with Net Revenue increasing 12% to $31.4 million. Despite the revenue growth, the company's Net Loss widened by 9% to $9.4 million, and Adjusted EBITDA significantly decreased by 85.6% to $0.2 million, primarily due to higher digital expenses, loss on asset disposal, and increased interest costs. The company highlighted strong digital performance, with digital revenue accounting for 49.5% of advertising sales, and announced strategic initiatives including an investment in Sigma Audio Networks LLC and the launch of the InterWave digital audio network.

Mediaco Holding Inc. reported a net loss of $9.37 million for Q1 2026, an increase from $8.61 million in Q1 2025, despite net revenues growing by 12% to $31.39 million. The company disclosed substantial doubt about its ability to continue as a going concern due to near-term debt maturities, a working capital deficit, and liquidity constraints. During the quarter, Mediaco amended its First and Second Lien Credit Agreements, extending debt maturity and waiving certain covenant requirements, and recognized a $1.6 million gain from a lease remeasurement. Operating activities shifted from providing $2.06 million in cash in Q1 2025 to using $2.04 million in Q1 2026.

Mediaco Holding Inc. filed an Amendment No. 1 to its Form 10-K to include disclosures for Part III, which were not available at the time of the original filing due to the anticipated delay in its 2026 proxy statement. The amendment provides updated information on the company's directors, executive officers, corporate governance practices, executive and director compensation for 2025, and security ownership. Key updates include the formal appointment of Alberto Rodriguez as CEO and President and Debra DeFelice as EVP, CFO, and Treasurer, along with their revised compensation, and the addition of three new directors designated by Aggregator.