I like the concept and especially the font choices, but I think the 502 needs to be more identifiable. People often call us "502" only, so having that be clearly readable would be best. Doesn't be that I'm against a cool design with the type though!
Something simpler. I really like what is currently ranked 1st. Perhaps you have a better spin on that. Again, I really love the font you used for "Media Group" - Just something clean and classy with the "502" part of it. I like the 1st place ranking because the 502 looks nice by itself, as well as part of the entire logo. It is simple yet iconic.
I don't like 502 being broken as it is in #139 - "broken" or "pieces" is not a word I would like people to associate with my company. Our goal is to create complete campaigns for people... effective, consistent, and solid brand communication.... I think the image of brokenness works against that.