“The radio consolidation trail is littered with companies that went bankrupt through consolidation just for the sake of consolidation,” Urban One CEO Alfred Liggins III warned during the company’s Q2 2026 earnings call, as the broadcaster preps for an era of scale. Of that, radio revenue was down 3.9% to $35.3 million, or down 6.6% excluding political spending. Peter Thompson, Urban One’s CFO, said only about $400,000 in political revenue was booked for the third quarter as of the call. RBR+TVBR and Radio Ink‘s Adam Jacobson pressed Liggins on what comes after the midterm political cycle fades from the numbers. During the second quarter, Urban One completed the sale of Charlotte stations WMXG and WLNK for $0.7 million and $4.2 million, respectively.