Emmis fights radio doubt: CEO Smulyan defends his struggling industry as stock price continues to slide

Emmis Communications Corp.'s stock has fallen 80 percent in six years. Revenue from its radio stations is falling short of Wall Street expectations. And its bid for Major League Baseball's Washington Nationals is running third in a three-horse race. But Emmis CEO Jeff Smulyan is as optimistic as he's been in months. "I'm upbeat because I think this industry is ready to turn the corner, and Emmis is turning the corner," Smulyan told Wall Street analysts after his company released...

 

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