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Emmis selling Internet marketing subsidiary

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Emmis Communications Corp. has agreed to sell its Internet marketing subsidiary to Hailey, Idaho-based Marketron Broadcast Solutions LLC.

The Indianapolis-based media company announced the sale Tuesday. Terms of the transaction, set to close Oct. 31, were not divulged.

Emmis Interactive Inc. provides a content-management system, data-analytic tools and related services principally to radio operators.

Emmis said it will retain an economic interest in future revenue derived from some intellectual property developed by the former subsidiary.

Emmis Interactive had been operating at a loss and reported revenue for the 12 months ending Aug. 31 of $4.9 million, Emmis said.

The company once had high hopes for Emmis Interactive, which grew from one to 65 employees within four years of its 2002 founding, Emmis CEO Jeff Smulyan once told investors. Current employment was not disclosed.

The company said it will pay about $600,000 in severance costs to employees not retained by Marketron.

Emmis said the sale will allow the company to focus on the full commercialization of its FM analog/HD radio smart-phone application and the cloud-based platform that supplies data for the smart-phone application.
 

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  • Internet marketing subsidiary
    LifeMap Sciences' discovery platform will be used to evaluate approximately 100 million proprietary gene expression data points relating to human embryonic stem cells generated by BioTime scientists ALAMEDA, Calif.--(BUSINESS WIRE)-- BioTime, Inc. (NYSE MKT:BTX) and its bioinformatics subsidiary LifeMap Sciences, Inc. ("LifeMap") today announced los angeles online marketing that they have entered into a definitive collaboration agreement to utilize LifeMap's computer-based tools to extract information relating to novel potential commercial products from nearly 100 million proprietary gene expression data points generated and owned by BioTime. The assembled data relate to BioTime's proprietary PureStem™ progenitor cell lines derived from human embryonic stem cells
  • Joke
    This company is a disaster! Every month there is a major shake up and nothing ever works. Smulyan needs to get a clue and retire.

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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