Emmis Communications
Financial maneuvers give Emmis new lease on life
January 21, 2012
Greg AndrewsThe company has made tremendous progress in recent weeks addressing problems that have scared off investors and pushed the
price of its common stock below $1.
MoreEmmis posts big profit, but revenue shrinks
January 12, 2012
Scott OlsonThe media company's $110.9 million quarterly profit was largely due to the sale of three radio stations and the repurchase
of preferred stock. Revenue fell 11 percent.
MoreEmmis mum on sudden exit of Indianapolis Monthly editor
January 11, 2012
Greg AndrewsThe Indianapolis communications company confirmed it is seeking a replacement for David Zivan, who had led the magazine for
six years.
MorePreferred shareholders blocking Emmis’ repurchase plans
December 19, 2011
Scott OlsonThe investors are concerned Emmis will gain voting rights to two-thirds of the preferred shares and that it would use that
clout to get out of paying millions of dollars in dividends.
MoreThe Fan winning sports-talk radio war by wide margin
December 17, 2011
Anthony SchoettleRadio station WFNI-AM 1070 is challenging some FM music stations in the battle for male listeners.
MoreEmmis strikes $16M deal to buy back preferred stock
November 22, 2011
Greg AndrewsThe transaction with New York-based Alden Global Capital, the largest holder of Emmis preferred stock, is expected to end
more than a year of legal wrangling involving the two companies.
MoreEmmis sues ex-director, alleges he leaked information
November 19, 2011
IBJ StaffIndianapolis-based Emmis Communications Corp. sued a former board member Friday, claiming he leaked information that caused
a major holder of preferred stock to drop plans to resell those shares back to the company.
MoreEmmis finds silver lining despite deep losses in 2Q
October 13, 2011
Anthony SchoettleIndianapolis-based Emmis Communications Corp. announced Thursday that second-quarter revenue slipped from last year and losses
nearly quadrupled. However, the sale of three radio stations for $120 million, a reduction in debt and increases in advertising
give executives hope.
MoreStruggling Emmis faces NASDAQ delisting again
September 2, 2011
IBJ StaffThe day before closing on a $120 million sale of three radio stations, Emmis was warned about non-compliance with NASDAQ's
minimum-price rule for the third time in two years.
MoreEmmis' local radio stations get big lift from new ratings system
July 20, 2011
Anthony SchoettleDuring the quarter ended May 31, ratings at Emmis Communications' four local stations greatly outpaced other stations in the
market.
MoreEmmis reports larger quarterly loss, higher revenue
July 13, 2011
Scott OlsonFor the quarter ended May 31, Emmis suffered a loss of $4.5 million, or 12 cents a share, compared with a loss of $3.9 million,
or 10 cents a share, in the same period last year.
MoreSmulyan says Emmis ready 'to go back on offensive'
June 25, 2011
Greg AndrewsEmmis' sale of two stations in Chicago and one in New York City will allow the company to chop more than $100 million
off its $331 million in long-term debt—clearing the way for it to arrange a refinancing under favorable terms.
MoreEmmis selling three major radio stations
June 21, 2011
IBJ StaffEmmis Communications Corp. has reached an agreement to sell three big-market radio stations to a partnership involving a private
equity firm and a prominent media executive, the company disclosed Tuesday morning.
MorePROXY CORNER: Emmis Communications Corp.
June 11, 2011
IBJ StaffEmmis Communications Corp., headquartered on Monument Circle, is a media company that owns radio stations and magazines.
MoreEmmis reports smaller annual loss on higher revenue
May 10, 2011
Scott OlsonThe Indianapolis-based media company said an improving economy helped it cut its losses as revenue from radio operations grew
4.3 percent. Still, the company continues to struggle with a heavy debt load.
MoreFirms' faith in stock buybacks not always well-placed
May 7, 2011
Greg AndrewsThe ultimate test of whether buybacks are good deals for shareholders hinges on whether the price paid for the stock proves
over time to have been a bargain or inflated.
MoreEmmis gets additional year to repay debt
March 30, 2011
Scott OlsonLender Canyon Capital Advisors LLC agreed to extend the maturity date on $182.9 million in senior bank debt from November
2013 to November 2014, giving Emmis additional breathing room to operate.
MoreAnother suit filed in Emmis, financier dispute
March 28, 2011
Emmis Communications Corp. is accusing Alden Global Capital, which once backed Emmis CEO Jeff Smulyan's attempt to take the
company private, of violating the "short-swing rule." This is the third suit involving the parties since Smulyan called off
the move last year.
MoreFinancier in botched deal sues Emmis over loan to Smulyan
February 18, 2011
J.K. WallIn uncommonly sharp language, attorneys for New York-based Alden Global Capital accused Emmis' board of “a blatantly
self-dealing transaction” that allows Smulyan to “pursue a personal litigation vendetta” against Alden.
MoreEmmis likely escapes NASDAQ-delisting danger
February 11, 2011
Scott OlsonStock in the Indianapolis-based media company closed above the necessary threshold of $1 per share for 10 consecutive business
days on Thursday, meaning it should be back in compliance with NASDAQ rules.
MoreEmmis decision to pay CEO legal fees illegal, financier says
February 7, 2011
Scott OlsonAlden Global Capital, a firm Emmis CEO Jeff Smulyan is suing for backing out of a deal to finance his efforts to take Emmis
private, charges that a $200,000 loan Emmis made to pay his legal fees violates the Sarbanes-Oxley Act.
MoreEmmis still facing NASDAQ-delisting danger
January 26, 2011
Scott OlsonAfter an eight-day trading stretch in which its shares traded above $1 each, Emmis stock fell to 97 cents on Tuesday, below
an important NASDAQ exchange threshhold.
MoreEmmis surges as industry anticipates radio sale
January 13, 2011
J.K. WallEmmis Communications’ share price soared 42 percent on Wednesday, a day after the company reiterated that it is “actively
pursuing” the sale of some assets. CEO Jeff Smulyan says it's impossible to call a station sale imminent, but shares
gained another 13 percent on Thursday.
MoreEmmis reports $1.6 million quarterly loss
January 11, 2011
The Indianapolis-based media company suffered a loss in the fiscal third quarter despite a 3-percent rise in revenue.
MoreEmmis pitching in on breach-of-contract lawsuit
December 29, 2010
IBJ StaffEmmis Communications Corp. will contribute $200,000 toward legal fees in a lawsuit that company founder Jeff Smulyan's JS
Acquisition LLC filed over its failed effort to take the Indianapolis-based media company private.
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Members must realize if you stop paying your dues you will lose. Why else would your employer honor the rtw bill. Before you take this step think about what you may be giving up in the long run. Very little of your dues money goes to any dem candidate. YOu will never know how much your republican employer gives his party with money he could be paying the employee. Who will step up and demand better wages or benefits if you have no representation. Union is the way for a better life. Our carpenter union offers a 4 year apprenticeship and 2 year degree from Ivy Tech all paid for with union dues . This is a great opportunity for kids who cant afford schooling after high school. The same opportunity is there for any person,any age, either sex to provide a better living for their family. Pension, anuity, health insurance all for your dues. How is this a bad choice.
The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.
SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money
Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."
All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.
If this is what you think is "insanity" then more companies need to behave insanely.
I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."