Heading Higher? Mediaco Holding Inc (NASDAQ:MDIA)

Mediaco Holding Inc (NASDAQ:MDIA) continues to move higher and up almost 45% in just one month. Will the rally continue?

Market Action

As of 9:52, MDIA stock jumped by 6% at $3.90. The stock has traded 24K shares, compared to  its average volume of 74K shares.  The stock opened at $3.71 and moved in a range of $3.6800 – 3.9700.

Major Trigger:

MediaCo Appoints New Executive Team to Lead Strategic Realignment and Innovation

Key Highlights:

  • announced today that Rahsan-Rahsan Lindsay has been named Chief Executive Officer, effective July 1, 2021. Mr. Lindsay most recently served as Executive Vice President, Urban One. He brings over twenty years of successful leadership experience across media, television, and advertising to MediaCo. As CEO, Lindsay will be responsible for setting MediaCo’s overall strategic vision and expanding its radio and outdoor divisions with an emphasis on transforming the digital business.
  • Lindsay has spent the past nine years at Urban One, Inc., where he oversaw advertising sales, integrated marketing, and sales operations for TV One and sister network CLEO TV, which he helped launch in 2019. In 2020, he took over the role as head of iOne Digital ad sales and One Solution, Urban One’s cross-platform marketing group, as well as One X Studios, the branded content production arm of Urban One.
  • Prior to joining TV One in 2011, Lindsay spent nearly eight years in Ad Sales for Viacom Media Networks, focused on new business development for MTV, Comedy Central, Spike, CMT, and TV Land. He also served as VP of Ad Sales for MTV2, mtvU, and Palladia.
  • Passionate about serving the community and grooming the next generation of leaders, in his spare time Lindsay serves as the co-chair of the Board of Directors for The Brotherhood/Sister Sol, a Harlem-based nonprofit organization.

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