SCHEDULE: Standard General Reduces MediaCo Stake to 49.88%

Standard General L.P. and Kim Soohyung reported a distribution of over 2.1 million MediaCo Holding Inc. Class A shares, reducing their beneficial ownership to 49.88%.

Summary

• Standard General L.P. and Kim Soohyung filed Amendment No. 18 to Schedule 13D regarding their interest in MediaCo Holding Inc. Class A Common Stock.
• On September 12, 2025, a private investment vehicle managed by Standard General L.P. distributed 2,105,596 shares of MediaCo Holding Inc.'s Class A Common Stock.
• This distribution was made in accordance with the terms of the investment vehicle and for no consideration.
• Following this distribution, Standard General L.P. and Kim Soohyung beneficially own an aggregate of 40,839,597 shares of Class A Common Stock.
• This aggregate amount represents 49.88% of the Issuer's Class A Common Stock.
• The percentage is calculated based on 48,264,309 Class A shares and 5,413,197 convertible Class B shares outstanding as of August 1, 2025, plus 28,205,938 Class A shares issued on September 8, 2025.
• No other transactions in MediaCo Holding Inc. Class A Common Stock were effected by the Reporting Persons during the sixty-day period prior to this Amendment's filing.

Sentiment

Score: 5

Explanation: The filing reports a factual change in beneficial ownership due to a share distribution for no consideration. This event is neutral in terms of direct positive or negative implications for the company's operational performance or financial health.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This filing primarily concerns a change in beneficial ownership by a significant shareholder group and does not provide information directly related to broader industry trends or competitive landscape.

Related Party Transactions

• A private investment vehicle managed by Standard General L.P. distributed 2,105,596 shares of MediaCo Holding Inc. Class A Common Stock for no consideration. Standard General L.P. and Kim Soohyung are the reporting persons.

Stakeholder Impact

• Shareholders: The reduction in beneficial ownership by a major holder could slightly increase the free float of shares in the market.
• Reporting Persons: Standard General L.P. and Kim Soohyung have reduced their direct beneficial stake in MediaCo Holding Inc. through this distribution.

Key Dates

Recommendation

The filing details a routine amendment to beneficial ownership, reporting a distribution of shares by a major holder for no consideration. This event does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation based solely on this filing.

Keywords

MediaCo Holding Inc., Standard General L.P., Kim Soohyung, Schedule 13D, Class A Common Stock, Beneficial Ownership, Share Distribution, SEC Filing