Standard General L.P. Trims MediaCo Holding Inc. Stake

The hedge fund reduced its ownership in the media company by 5.6% in the third quarter.

Mar. 14, 2026 at 10:29am

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Standard General L.P., a major institutional investor in MediaCo Holding Inc. (NASDAQ:MDIA), trimmed its stake in the company by 5.6% during the third quarter, according to a recent SEC filing. The hedge fund now owns approximately 65.99% of MediaCo's outstanding shares, making it the company's largest shareholder.

Why it matters

The reduction in Standard General's MediaCo holdings, even if relatively small, could signal a shift in the hedge fund's investment strategy or outlook on the media company's prospects. As a major shareholder, any changes in Standard General's position are closely watched by investors and analysts.

The details

According to the SEC filing, Standard General sold 2,105,596 shares of MediaCo during the third quarter, reducing its total holdings to 35,426,400 shares. The hedge fund remains the largest institutional investor in the company, owning approximately 66% of the outstanding shares.

  • Standard General filed the 13F report disclosing the stake reduction on March 14, 2026.
  • The transactions occurred during the third quarter of 2025.

The players

Standard General L.P.

A hedge fund that is the largest institutional investor in MediaCo Holding Inc., owning approximately 66% of the company's outstanding shares.

MediaCo Holding Inc.

A media company that owns and operates radio stations WQHT-FM and WBLS-FM in the New York City area, as well as providing digital advertising and event services.

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The takeaway

The reduction in Standard General's stake in MediaCo, while relatively small, could signal a shift in the hedge fund's investment strategy or outlook on the media company's prospects. As the largest shareholder, any changes in Standard General's position are closely watched by investors and analysts.