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Emmis Communications
Quarterly profit, revenue slides at Emmis
July 12, 2012
The Indianapolis-based media company reported a larger loss on falling revenue in its fiscal first quarter, mostly due to
the sale of a group of radio stations and cheaper advertising rates.
MoreLawsuit: Smulyan angling for Emmis buyout
June 30, 2012
Greg AndrewsJeff Smulyan has been considering a new plan to buy out other Emmis Communications Corp. shareholders—a deal that could
clear the way for him to finally take the Indianapolis media company private. But Emmis’ founder and CEO insists he
has no plans to do so.
MoreBold challenge to country giant WFMS paying off for Hank
June 30, 2012
Anthony SchoettleAfter more than two decades as one of the Indianapolis market’s top ratings- and revenue-generators, country radio station
WFMS-FM 95.5 is getting some serious competition from relative newcomer WLHK-FM 97.1—popularly known as Hank.
MorePROXY CORNER: Emmis Communications Corp.
June 9, 2012
Emmis Communications Corp., One Emmis Plaza, 40 Monument Circle, Suite 700, Indianapolis, IN 46204 (www.emmis.com), is a media
company that owns radio stations and magazines.
MoreEmmis hearing on shareholder plan continued
June 1, 2012
A federal judge wants Emmis to submit an amended proxy statement reflecting changes that would result from the proposal. The
hearing will occur within 30 days of receiving the proxy.
MoreEmmis restructuring plan to be heard by federal judge
May 31, 2012
Scott OlsonWhether the company can strip preferred shareholders of their right to collect millions of dollars in dividends will be decided in court. Shareholders have filed suit in an attempt to stop the proposal from being voted on.
Pacers owner teams with Smulyan to buy Emmis stock
May 21, 2012
A partnership of Herb Simon and Jeff Smulyan filed plans to buy up to an additional 1 million shares of Emmis Communications
Corp. at no more than $2 apiece.
MoreEmmis shares again escape NASDAQ delisting
May 16, 2012
The NASDAQ exchange notified the Indianapolis-based company on Tuesday that its stock avoided delisting after shares traded
above $1 for 10 consecutive trading days. Emmis has been in danger of losing its NASDAQ status for several years.
MoreEmmis ends profitable year despite quarterly loss
May 10, 2012
Scott OlsonThe Indianapolis-based media company lost $18.2 million in its fiscal fourth quarter but reported a profit of $79.5 million
for the fiscal year largely due to the repurchase of company preferred stock.
MoreWRTV launches broadcast studio on Monument Circle
May 10, 2012
Scott OlsonThe Indianapolis TV station will occasionally broadcast live from the WIBC-FM 93.1 studio as part of an agreement with the
radio station's parent company, Emmis Communications Corp. WRTV is hoping to gain more exposure from the deal.
MoreAfter years of 'pushing water uphill,' Emmis now nimble
May 5, 2012
Greg AndrewsThe Indianapolis media company is on track to have less than $75 million in debt by this summer—down from $1.6 billion
before it launched the divestiture of its TV stations seven years ago.
MoreEmmis gains extension on NASDAQ listing
April 27, 2012
Jeff NewmanEmmis Communications Corp. shares will remain listed on the NASDAQ exchange at least until Aug. 27 under an extension granted
by the well-known stock index.
MoreEmmis inks two deals for $92.5 million infusion
April 26, 2012
Anthony SchoettleThe news sent Emmis stock soaring 21.5 percent Thursday morning, to $1.05 cents per share. It's the first time Emmis shares
have traded above $1 since July.
MorePreferred-shareholder group sues Emmis over restructuring
April 17, 2012
Anthony SchoettleA group of Emmis Communications Corp. preferred shareholders, unhappy with a company proposal that would strip them of their
right to collect millions of dollars in dividends, filed a lawsuit against the Indianapolis media firm Monday to try to prevent
the move.
MoreEmmis sues Hungary for political interference in radio bids
April 4, 2012
Bloomberg NewsHungary is being sued for political interference in awarding radio licenses, renewing doubts over press freedoms in the nation
as the government tries to convince the European Union that it respects media independence.
MoreWall Street observers blast Emmis plan to ax preferred shares
April 2, 2012
Scott Olson, Cory SchoutenEmmis Communications Corp.'s effort to strip its preferred shareholders of their rights and avoid forking over about $10
million in unpaid dividends is drawing sharp criticism from top market observers, including a columnist for The New York
Times.
MoreEmmis asks judge to rule on legality of stock plan
March 26, 2012
Scott OlsonThe Indianapolis media company has filed a lawsuit that could prevent preferred shareholders from mounting a court challenge
of the plan that would strip them of their right to collect millions of dollars in dividends.
MoreEmmis vote could deal blow to preferred shareholders
March 14, 2012
Greg AndrewsEmmis Communications is calling a special meeting where investors will be asked to eliminate the right of preferred stockholders
to receive millions of dollars in dividends. The firm also seeks approval for a reverse stock split that would prevent a looming
NASDAQ delisting.
MoreEmmis plans to appeal looming NASDAQ delisting
March 5, 2012
IBJ StaffEmmis Communications Corp. has failed to comply with requirements to remain on the NASDAQ exchange, but the Indianapolis-based
media firm said it plans another attempt to avoid being delisted from the well-known stock index.
MoreLongtime editorial director to leave Emmis Publishing
February 22, 2012
IBJ StaffVeteran Indianapolis Monthly chief Deborah Paul is easing into retirement, leaving her full-time gig as editorial
director of Emmis Publishing to work as a consultant.
MoreFinancial 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.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.