Radio Station Owners
Emmis 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.
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.
MoreRadio vets Cosby, Stuck among Clear Channel layoffs
October 27, 2011
Cory SchoutenSeveral local radio employees lost their jobs this week in a round of layoffs by San Antonio-based Clear Channel, the parent
company of WRZX-FM 103.3, WFBQ-FM 94.7 and WNDE-AM 1260.
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 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.
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.
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.
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.
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.
MoreCumulus Media to buy out radio partners for $740M
February 1, 2011
IBJ StaffAtlanta-based Cumulus Media Inc. said late Monday it has agreed to acquire its partners' interest in a venture that owns 32
radio stations in nine cities, including three in Indianapolis. No local changes are expected.
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 loss shrinks as radio stations produce more cash
October 15, 2010
J.K. WallThe Indianapolis-based media company announced this morning that it lost $2.3 million in the latest quarter, down from a whopping
$135.6 million in the same period a year earlier.
MoreFailed bid to take Emmis private costing millions
September 16, 2010
Scott OlsonEmmis CEO Jeff Smulyan's JS Acquisition LLC has racked up takeover expenses of $10.2 million, a figure that's sure
to escalate now that JS Acquisition is suing its one-time financier for backing out of the deal.
MoreEmmis' Smulyan wants FM radio tuners in cell phones
September 11, 2010
Anthony SchoettleCongress is expected this fall to debate the idea of mandating the inclusion of tuners, a move that could boost the struggling
radio industry.
MoreUPDATE: Large debt load will continue to weigh on Emmis
September 9, 2010
Scott OlsonEmmis, which has been awash in red ink, must contend with more than $340 million in debt after CEO Jeff Smulyan failed in
his attempt to purchase the company and take it private.
MoreEmmis CEO calls off bid to take firm private
September 9, 2010
Scott OlsonEmmis Communications Corp. will remain a public company after executives announced Thursday morning that CEO Jeff Smulyan
has abandoned his efforts to buy the Indianapolis-based media firm.
MoreAnother day, another delay for Emmis going-private vote
September 3, 2010
Cory SchoutenEmmis Communications CEO Jeff Smulyan delayed a shareholder vote Friday morning, for the eighth time overall and second time
in 24 hours, on a proposed deal to take the company private.
MoreSmulyan delays Emmis buyout vote for 7th time
September 2, 2010
J.K. WallEmmis Communications CEO Jeff Smulyan delayed a vote again on his plan to take the company private. But shareholders of the
Indianapolis-based radio company will gather Friday morning at 8:30 to decide the fate of Smulyan's $90 million buyout bid.
MoreEquity firm withdraws support for revised Emmis deal
August 30, 2010
Scott OlsonA Monday morning announcement from Alden Global Capital puts CEO Jeff Smulyan's efforts to take Emmis private in real jeopardy.
His attempts to sway preferred shareholders already have failed five times.
MoreEmmis privatization effort still on hold
August 27, 2010
Anthony SchoettleLocal media company still discussing deal with dissident shareholders, who refused to vote Friday evening. A new date for
another shareholders meeting is to be announced
Monday.
MoreEmmis again delays vote to go private
August 20, 2010
Anthony SchoettleThe media company schedules another meeting for Aug. 27—what will be the fourth in five weeks—in hopes of gaining
enough
votes to take company off the public market.
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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."