Emmis Communications

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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Emmis executive high on company's outlook, despite NASDAQ threat

September 28, 2009
Scott Olson
An executive of Emmis Communications Corp. is optimistic the company's performance will improve enough to boost its stock price above $1, eliminating the threat of being delisted by NASDAQ.
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WIBC wins Marconi Award for station of year

September 25, 2009
 IBJ Staff
Emmis Communication Corp.'s WIBC-FM 93.1 won the 2009 Marconi Radio Award for Large-Market Station of the Year yesterday in a ceremony in Philadelphia.
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NASDAQ threatens to delist Emmis stock

September 21, 2009
 IBJ Staff
NASDAQ has notified Emmis Communications Corp. that it is in danger of being delisted if the company's stock doesn't rise above the minimum bid price of $1 per share within the next six months.
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UPDATE: Wildfire threat to Emmis transmission site eases

September 2, 2009
 IBJ Staff and Associated Press
Firefighters are making progress on a major wildfire north of Los Angeles that is burning perilously close to Mount Wilson, home to transmission towers used by Indianapolis-based Emmis Communications Corp. and other broadcasters.
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Radio veteran Morgan jumps to Emmis from IMS

August 26, 2009
Anthony Schoettle
Long-time radio veteran Charlie Morgan is leaving his post heading up broadcasting for Indianapolis Motor Speedway and Indy Racing League to lead Emmis Communications Corp. radio stations in Indianapolis.
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Why ailing Emmis could bounce backRestricted Content

July 20, 2009
Greg Andrews
Let's play the contrarian. For Emmis, that means arguing that the battered company is poised for resurgence, rather than sliding deeper into the abyss.

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Debt maneuvers help Emmis turn quarterly profit

July 10, 2009
 IBJ Staff
Emmis Communications Corp. reported a quarterly profit today after buying back a big chunk of its own debt on the cheap, but the outlook for the company remains grim. The radio broadcaster and magazine publisher saw revenue plunge 27 percent.
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Local radio exec Severino dies

July 6, 2009
Anthony Schoettle
Radio executive Tom Severino, who managed four local stations for Indianapolis-based Emmis Communications Corp., died yesterday after a five-month battle with cancer. Severino, 57, was vice president and general manager of WIBC-FM 93.1, WLHK-FM 97.1, WFNI-AM 1070 and WYXB-FM 105.7.
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Fireworks show fizzles under financial constraintsRestricted Content

June 1, 2009
If you don't get your fireworks fix on July 4, you'll no longer have another chance this year to be awed by the colorful displays.
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How IBJ is surviving the recessionRestricted Content

April 27, 2009
Chris Katterjohn
This economy has been tough on just about everybody. No matter what your choice of media, you can't escape the news about companies and entire industries challenged by the recession. But what about the folks doing all that reporting?
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Emmis creates option to sell, lease back HQRestricted Content

April 20, 2009
Greg Andrews

Would embattled Emmis Communications Corp. sell its Monument Circle headquarters, a prized development that opened a decade ago at what then-Mayor Steve Goldsmith called "the most important site in the city and the very center of Indiana?"

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KSM's run-in with Madoff spawns bevy of questionsRestricted Content

January 12, 2009
Greg Andrews
KSM Capital Advisors didn't invest its clients' money directly with Bernard L. Madoff, but they're out millions of dollars just the same.
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Emmis to produce tourism publications for ICVARestricted Content

January 5, 2009
Indianapolis based Emmis Communications Corp. signed a three-year deal to produce and publish the Indianapolis Convention & Visitors Association's semi-annual visitors guide, convention planners guide and other tourism-related publications and materials.
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Bold bets on Hoosier firms yield horrific results so farRestricted Content

December 8, 2008
Greg Andrews
The millions of dollars they plunked down to buy stock in local companies over the past two years have shriveled in value, leaving them way, way below break-even.
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Emmis struggling to stay in good stead with lendersRestricted Content

November 17, 2008
Greg Andrews
Emmis Communications Corp. struggles to contain expenses and minimize debts due to radio advertising shortfalls.
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Duke founder Wynne loses out using company stock as collateralRestricted Content

November 3, 2008
Greg Andrews
Retired businessman John Wynne, one of the founders of Duke Realty Corp., is the latest executive to get burned after using company stock as collateral for a multimillion-dollar loan in his investment account.
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Emmis' market value in free fall as radio industry takes beatingRestricted Content

September 29, 2008
Anthony Schoettle

For more than two years, Smulyan, 61, has been unflaggingly optimistic during quarterly conference calls. But since early 2007, Emmis' stock has fallen 84 percent, shrinking the company's stock market value from $307 million to $48 million. The troubles have cast uncertainty over one of Indianapolis' highest-profile businesses.


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WNDE holds off sports-talk upstart in ratings despite marketing push, high-profile co-hostRestricted Content

August 18, 2008
Anthony Schoettle

Longtime sports/talk station WNDE-AM 1260 has beaten back newcomer WFNI-AM 1070 in a critical listener demographic despite WFNI's extensive promotion of hosts Eddie White and Indianapolis Star sports columnist Bob Kravitz.

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Changing radio formats changes ratings resultsRestricted Content

May 12, 2008
Anthony Schoettle
Numerous format changes late last year caused a major shake-up in the first-quarter survey results of central Indiana's radio-listening habits.
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Emmis' decision to shift WIBC to FM jolts local radioRestricted Content

October 15, 2007
Anthony Schoettle
The local radio market's biggest shake-up in more than a decade has almost every commercial station in central Indiana scrambling to attract the thousands of listeners and millions of advertising dollars suddenly up for grabs. Emmis Communications Corp. said Oct. 8 it will move WIBCAM 1070 programming to the FM frequency previously occupied by WNOU-FM 93.1, which it will kill. Industry experts said the fallout will continue to rain down throughout the fourth quarter and well into 2008. "There's lots...
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Emmis swings unique advertising deal with GoogleRestricted Content

June 4, 2007
Anthony Schoettle
Emmis Communications Corp. is turning to Google in its search for relief from a radio-industry slump. The local media company is tapping the power of the popular Internet search engine to sell advertising for its Indianapolis and New York radio properties.
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