Standard General Amends Mediaco Holding Stake Filing

TL;DR

Standard General updated its Mediaco Holding stake filing on 4/4/24. Watch this space.

AI Summary

Standard General L.P. filed an amendment (No. 16) to its Schedule 13D on April 4, 2024, regarding its holdings in Mediaco Holding Inc. The filing indicates a change in beneficial ownership, though specific details on the percentage change or dollar amounts are not provided in this excerpt. The filing pertains to Mediaco Holding Inc.'s Class A Common Stock.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of Mediaco Holding Inc., which could impact its stock performance and future business decisions.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant shareholder positions, which can lead to increased volatility and uncertainty for the company's stock.

Key Players & Entities

• Standard General L.P. (company) — Filing party
• Mediaco Holding Inc. (company) — Subject company
• SooHyung Kim (person) — Group member associated with filing

FAQ

Filing Documents

• sc13da.htm (SC 13D/A) — 39KB
• 0000929638-24-001368.txt ( ) — 41KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer Items 5 is hereby supplemented as set forth below. (a) and (b) See Items 7-13 of the cover pages and Item 2 above. (c) The Reporting Persons did not effect any transactions in shares of the Company's Class A Common Stock during the sixty day period prior to the filing of this Schedule 13D. As previously reported, the Reporting Persons beneficially own 16,798,127 shares of the Company's Class A Common Stock and also beneficially own 5,413,197 shares of the Company's Class B Common Stock, which is convertible into Class A Common Stock on a one-for-one basis. In addition, the Reporting Persons beneficially own 286,031 shares of Series A Preferred Stock, each share of which is convertible into such number of shares of Class A Common Stock as is determined by dividing: (i) the purchase price of the Series A Preferred Stock plus any accrued dividends by (ii) the average volume-weighted average prices of the Class A Common Stock for the last 30 days prior to the date of determination, determined as of the fifth business day after the date on which notice of conversion is given. The number of shares of Series A Preferred Stock beneficially owned by the Reporting Persons reflects shares issued as accrued dividends pursuant to the terms of the security. As of April 3, 2024, the shares of Series A Preferred Stock beneficially owned by the Reporting Persons would have been convertible into 52,926,933 shares of Class A Common Stock under the formula described above. The percentages reported herein are based on a statement in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 that, as of March 21, 2024, there were 20,594,481 shares of the Company's Class A Common Stock outstanding. (d) Not applicable. (e) Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: A

View Full Filing

View this SC 13D/A filing on SEC EDGAR