Emmis does better, sort of

May 12, 2008
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Emmis Communications chief Jeff Smulyan today was more positive about the companyâ??s fiscal fourth-quarter performance than heâ??s been about an earnings report in a long time.

Revenue at its U.S. radio stations, which have been dogged by an industry downturn, actually was up â?? 3 percent. Overall revenue is the best in four years.

Has Emmis turned a corner?
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