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Radio Station Owners
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.
MoreEmmis 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.
MoreWRTV launches broadcast studio on Monument Circle
May 10, 2012
Scott OlsonThe 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.
MoreAfter years of 'pushing water uphill,' Emmis now nimble
May 5, 2012
Greg AndrewsThe Indianapolis media company is on track to have less than $75 million in debt by this summer—down from $1.6 billion
before it launched the divestiture of its TV stations seven years ago.
MoreWheat out as local Cumulus market manager
May 2, 2012
Atlanta-based Cumulus has eliminated its local market manager position. Locally, Cumulus operates top-10 radio stations WJJK-FM
104.5 and WFMS-FM 95.5.
MoreEmmis gains extension on NASDAQ listing
April 27, 2012
Jeff NewmanEmmis Communications Corp. shares will remain listed on the NASDAQ exchange at least until Aug. 27 under an extension granted
by the well-known stock index.
MoreEmmis inks two deals for $92.5 million infusion
April 26, 2012
Anthony SchoettleThe news sent Emmis stock soaring 21.5 percent Thursday morning, to $1.05 cents per share. It's the first time Emmis shares
have traded above $1 since July.
MorePreferred-shareholder group sues Emmis over restructuring
April 17, 2012
Anthony SchoettleA group of Emmis Communications Corp. preferred shareholders, unhappy with a company proposal that would strip them of their
right to collect millions of dollars in dividends, filed a lawsuit against the Indianapolis media firm Monday to try to prevent
the move.
MoreEmmis sues Hungary for political interference in radio bids
April 4, 2012
Bloomberg NewsHungary is being sued for political interference in awarding radio licenses, renewing doubts over press freedoms in the nation
as the government tries to convince the European Union that it respects media independence.
MoreWall Street observers blast Emmis plan to ax preferred shares
April 2, 2012
Scott Olson, Cory SchoutenEmmis Communications Corp.'s effort to strip its preferred shareholders of their rights and avoid forking over about $10
million in unpaid dividends is drawing sharp criticism from top market observers, including a columnist for The New York
Times.
MoreEmmis asks judge to rule on legality of stock plan
March 26, 2012
Scott OlsonThe Indianapolis media company has filed a lawsuit that could prevent preferred shareholders from mounting a court challenge
of the plan that would strip them of their right to collect millions of dollars in dividends.
MoreEmmis plans to appeal looming NASDAQ delisting
March 5, 2012
IBJ StaffEmmis Communications Corp. has failed to comply with requirements to remain on the NASDAQ exchange, but the Indianapolis-based
media firm said it plans another attempt to avoid being delisted from the well-known stock index.
MoreEmmis 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.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.