Emmis Communications

CEO Smulyan gets OK to take Emmis private

May 26, 2010
 IBJ Staff and Bloomberg News
Emmis Communications Corp. agreed to be acquired for about $90 million by closely held JS Acquisition LLC, a company formed by Emmis CEO Jeff Smulyan.
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Sports talk host JMV lands at Emmis station

May 24, 2010
Kathleen McLaughlin
JMV's new show, "The Ride," will run weekdays from 3 p.m. to 7 p.m starting Monday.
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Shareholders sue to block deal to take Emmis private

May 14, 2010
J.K. Wall
The lawsuits, filed in Marion Superior Court, say board members have breached fiduciary duties by making no recommendation on deal that, they say, will enrich Chairman Jeff Smulyan at the expense of minority shareholders.
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Emmis finds loophole for board on Smulyan buyout

May 1, 2010
Greg Andrews
State law normally requires board approval for buyouts. But the language cited in the letter of intent provides an exception for conflicts of interest or special circumstances.
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UPDATE: Emmis takeover deal unlikely to hit turbulence

April 26, 2010
Greg Andrews, Scott Olson
A big Emmis Communications Corp. shareholder believes the $90 million deal CEO Jeff Smulyan unveiled Monday morning to take the company private is unlikely to get derailed—even though it’s worth far less than a takeover offer Smulyan failed to get through his board four years ago.
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Emmis chief looks to take company private

April 26, 2010
Scott Olson
JS Acquisition Inc., the company Emmis CEO Jeff Smulyan has established to complete the acquisition, would purchase all shares of publicly traded Emmis for about $90 million, according to Monday morning's announcement.
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Future of Brizzi radio show up in the air

April 19, 2010
Scott Olson
Marion County prosecutor Carl Brizzi has not hosted "Crime Watch" on WIBC in three weeks, due to a scheduled break. But station officials want him to address accusations on air if he is to continue the show.
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Missed payments force Emmis to add independent directors

April 16, 2010
Peter Schnitzler
Preferred stockholders, owed about $14 million after six consecutive quarters of missed dividends, will elect two new members to media firm's board at its July 14th annual meeting.
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Columnist Kravitz dropped from radio show

March 16, 2010
Scott Olson
Sports columnist Bob Kravitz made his final appearance on The Fan's afternoon radio show on Monday. Emmis Communications Corp. executives said the decision was based, in part, on the show's "financial performance."
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On-air roster changes afoot at Emmis stations

March 12, 2010
Scott Olson
Emmis Communications Corp. is shuffling several prominent on-air personalities at its Indianapolis radio stations' beginning Monday.The moves involve Big Joe Staysniak and Steve Simpson of WIBC, Ed Wenck of WLHK and Dan Dakich of WFNI.
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One exec pays off risky loan, another pays a big priceRestricted Content

January 23, 2010
Greg Andrews
Emmis' Jeff Smulyan paid off a loan collateralized by nearly all his Emmis stock. Retired Duke Realty Chairman John Wynne is facing new fallout from his margin loan, with the lender on his Williams Creek home pursuing foreclosure.
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Hungarian court's decision favors Emmis

January 19, 2010
The court on Tuesday ruled in favor of Emmis in its bid to get a popular radio station it operates in Hungary back on the air.
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Emmis 3Q revenue declines, but company still posts profit

January 8, 2010
Anthony Schoettle
Indianapolis-based Emmis Communications Corp. reported lower revenue during its fiscal third quarter, but still managed a small profit.
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Hungarian court decision could favor Emmis station

January 6, 2010
A Hungary radio station operated by Emmis until late last year might broadcast again following a court decision.
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Smulyan signs new contract to lead Emmis

December 21, 2009
Anthony Schoettle
Jeff Smulyan agrees to terms on a new three-year contract to lead Emmis. Signing and performance bonuses could lead to big pay raise.
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Radio giant Citadel files for bankruptcy protection

December 21, 2009
 IBJ Staff and Associated Press
Las Vegas-based Citadel Broadcasting, which owns three radio stations in Indiana, filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load.
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Emmis loses license to operate Hungarian station

November 19, 2009
Hungarian officials took off the air Wednesday a national radio station operated by Emmis Communications Inc. and awarded the license to one of the country’s political parties.
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Bob & Tom keep Q95 on a roll even as classic-rock format shows age

November 14, 2009
Anthony Schoettle
Q95's Tom Griswold and Bob Kevoian have maintained their lofty ratings, keeping the Clear Channel Radio station near the top of the Indianapolis radio market.
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Book will be tribute to late Emmis executive Tom Severino

October 31, 2009
 IBJ Staff
Former Emmis Communications Corp. employee Jon Quick is writing a tribute book to the late Tom Severino, vice president and general manager of Emmis’ Indianapolis operations, who lost his battle with lung cancer earlier this year.
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Challenges remain for Emmis despite NASDAQ save

October 27, 2009
 IBJ Staff
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished trading above $1—preserving the company's listing on the NASDAQ stock exchange, but big challenges remain for the locally based owner of radio stations and magazines.
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Emmis stock closes at $1.53, avoids delisting

October 26, 2009
 IBJ Staff
Shares of Indianapolis-based Emmis Communications Corp. closed Monday at $1.53, the 10th straight day the stock has finished trading above $1—preserving the company's listing on the NASDAQ stock exchange.
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Emmis on way to avoiding stock delisting

October 20, 2009
Scott Olson
Indianapolis-based media company Emmis Communications Corp. is halfway home to maintaining its listing on the NASDAQ stock exchange.
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Local radio ratings race tightening

October 19, 2009
Anthony Schoettle
The latest Arbitron Inc. radio ratings show the central Indiana market is becoming far more competitive, with the top stations separated only by fractions of a point. WFMS-FM slipped, but remained No. 1, while urban stations WHHH-FM and WTLC-FM climbed into the next two spots.
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Emmis smacked with quarterly loss of $135M

October 9, 2009
 IBJ Staff
Emmis Communications Corp. suffered a whopping loss of $135.6 million in its most recent fiscal quarter, the Indianapolis-based media company reported Friday morning.
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New Emmis exec Charlie Morgan faces big challenges as he re-enters radioRestricted Content

October 3, 2009
Anthony Schoettle
When local radio industry veteran Charlie Morgan stepped down as president of Indianapolis Motor Speedway Productions last month, it could’ve appeared he was trying to escape the daunting problems of open-wheel racing. Unless you considered where he was going.
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