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Emmis Communications
Emmis 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.
MoreSmulyan fails to take Emmis private
December 24, 2010
Anthony SchoettleJeff Smulyan in 2010 tried for the second time in four years to take Emmis Communications Corp. private, only to see a group
of dissident investors band together to block the deal at the 11th hour.
MorePROXY CORNER: Emmis Communications Corp.
November 27, 2010
IBJ StaffIndianapolis-based Emmis Communications Corp. owns radio stations and magazines. For the six months ended Aug. 31, the company
reported a net loss of $6.3 million, or 17 cents a share, on revenue of $127 million.
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Ameriana Bank took over Westfield Farmers Market for 2013 and it is held in their parking lot, corner of 32 and Carey road, 5 to 8. I am selling soap and candles there. great market!
B&T certainly has enough of our taxpayer dollars to do this thanks to Mayor Ballard. Given the firm's exceedingly poor reputation in the legal community, the basement would seem a better option.
Should read MAY hire 20 people.
Not a good location for a 300,000 home. 10th Street fumes, buses, noise. Max for this location 150,000.
The state constitution also does not say that the majority has a right to quorum, nor that the minority is required to allow them quorum. In fact, denial of quorum has been a parliamentary maneuver since the establishment of the first parliaments in the early 1600s. The right to deny quorum (and the requirement fore quorum) are to prevent exactly what happened in Indiana: A tyrannical majority pushing through odious, objectionable legislation. Denial of quorum is totally legitimate, and lest we forget, a tactic the GOP has employed many, many times to ensure their issues weren't given short shrift. By allowing the majority to impose "fines" on the minority for exercising the authority the constitution grants them (to deny quorum,) they are violating the constitution.