Radio Station Owners

Station that switched to sports-talk strikes out in first inning

May 3, 2013
Chris O'Malley
WXNT-AM says the mass exodus of its news-talk listener base was to be expected during transition to CBS Sports radio content.
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Escape artist Bill Shirk can't escape the allure of broadcastingRestricted Content

April 27, 2013
Chris O'Malley
Escape artist Bill Shirk has retired his straitjacket, but remains active in radio broadcasting. His firm, Hoosier Broadcasting, in recent years bought a handful of radio stations on the Hawaiian islands and Shirk owns and is investing more money in a Boone County radio station.
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WIBC's Wenck opts to drop mic for sales job at sister station

March 29, 2013
Chris O'Malley
The afternoon drive-time personality has left the studio but not the building, switching to a sales job with sports-talk station WFNI "The Fan."
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Q&A: 'Mad Dog' enjoying greener pastures with Indianapolis Colts

March 28, 2013
Chris O'Malley
Jimmy Matis wasn't sure what he would do when he lost his job after 24 years at Q95, but in this life, he says, "you just have to understand that you constantly have to learn."
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Indy gets first FM sports/talk stationRestricted Content

March 9, 2013
Emmis Communications bought a low-power station, boosted its signal and is using it to simulcast The Fan, a format found at AM 1070.
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Radio One to launch local Telemundo affiliate

March 8, 2013
Kathleen McLaughlin
Indianapolis will have a commercial Spanish-language television station again when Radio One Inc. launches a Telemundo affiliate March 11.
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Emmis sells Slovakian radio network for $21 million

February 28, 2013
 IBJ Staff
Emmis Communications Corp. has sold a national radio network in Slovakia to Germany-based Bauer Media Group for $21 million, the locally based media company disclosed Wednesday in a regulatory filing.
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Emmis posts quarterly profit on higher radio revenue

January 10, 2013
The Indianapolis-based media company said Thursday morning that it earned $4.6 million on $53.4 million in revenue. While total revenue was flat, income from Emmis' radio stations increased slightly.
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Sprint first carrier to sign on to FM radio service

January 8, 2013
 IBJ Staff
Sprint on Tuesday announced a preliminary agreement with radio industry representatives that will enable customers to listen to local FM radio stations on their mobile phones. Emmis CEO Jeff Smulyan was a key negotiator in making the deal.
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Radio station WIBC losing programming director

December 14, 2012
Anthony Schoettle
WIBC-FM 93.1 Program Director Alan Furst told station executives this week that he is leaving to take a job with Radio One’s News 92 FM in Houston.
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Emmis selling Internet marketing subsidiary

October 4, 2012
The Indianapolis-based media company said it has agreed to sell Emmis Interactive Inc. to Hailey, Idaho-based Marketron Broadcast Solutions.
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Emmis pays $2.8M in employee bonuses after station sale

September 6, 2012
When Emmis Communications Corp. sold a Los Angeles radio station for $85 million last month, it was good news for every employee at the Indianapolis-based media company.
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Emmis vote strips preferred shareholders of dividends

September 4, 2012
Scott Olson
The Tuesday vote by shareholders to wipe out $34 million in unpaid dividends to preferred shareholders follows a judge's Friday decision to deny a request by the preferred shareholders to prevent a vote on the proposal.
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Judge gives Emmis OK to hold shareholder vote

August 31, 2012
Scott Olson
A federal judge on Friday gave Emmis Communications Corp. the green light to proceed with a shareholder vote that could wipe out $34 million in unpaid preferred shareholder dividends.
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Emmis completes sale of L.A. station for $85M

August 23, 2012
Mexico City-based Grupo Radio Centro bought Spanish station KXOS-FM 93.9 after leasing it from Emmis Communications Corp. for three years.
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Emmis buying two radio stations in Terre Haute

August 22, 2012
The Indianapolis-based company said Wednesday that it has agreed to purchase WSDM-FM 92.7 and WSDX-AM 1300 from Crossroads Investments LLC for an undisclosed amount. The acquisition is expected to close within 45 to 60 days.
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Emmis agrees to sell two magazines for $9M

August 16, 2012
The publications, Country Sampler and Smart Retailer, together generated $1 million in operating income during the 12-month period ended May 31, according to a public filing. The transaction is expected to close by Sept. 30.
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Emmis to delay shareholder vote until judge rules

August 1, 2012
Bloomberg News
Emmis Communications Corp. told a U.S. judge it will delay a scheduled Aug. 14 shareholder vote that could wipe out $34 million in unpaid preferred stockholder dividends until after she rules on a bid to block the balloting.
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Emmis shareholders fight bylaw changes on dividends

July 31, 2012
 IBJ Staff and Bloomberg News
Investors asked U.S. District Judge Sarah Evans Barker in Indianapolis for an order blocking a special meeting at which Emmis shareholders will be asked to approve bylaw changes wiping out more than $34 million in accrued and unpaid preferred stock dividends.
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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.
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Emmis 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.
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Emmis restructuring plan to be heard by federal judge

May 31, 2012
Scott Olson

Whether 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.

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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.
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Emmis 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.
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WRTV launches broadcast studio on Monument Circle

May 10, 2012
Scott Olson
The 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.
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