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Radio Station Owners
Cumulus 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.
MoreJudge rules against Emmis shareholders, allows sale
July 27, 2010
Shareholders sued to temporarily block the sale of the public company, which is set to be acquired by JS Acquisition LLC,
a private
company formed by Emmis Chairman and CEO Jeffrey H. Smulyan.
MoreJudge hears arguments challenging Emmis sale
July 20, 2010
Scott OlsonCommon shareholders are challenging the proposed acquisition of the company by closely held JS Acquisition LLC, formed by
Emmis Chairman and CEO Jeffrey H. Smulyan in an effort to take it private.
MoreWFBQ parent axes 'Bob & Tom' producer
July 9, 2010
Scott OlsonProgramming executive and producer Marty Bender was let go from the popular radio show in apparent budget-cutting move.
MoreSuitor extends tender offer for Emmis
June 24, 2010
Associated PressJS Acquisition Inc., a company owned by Emmis Communications CEO Jeffrey Smulyan, extended its buyout offer to July 30.
MoreJMV already boosting The Fan's ad revenue
June 15, 2010
Anthony SchoettleEven before ratings arrive, WFNI-AM 1070 officials said they have signed two major advertisers this month due to the recent
hire of new afternoon host JMV.
MoreSmulyan buyout plan could take Emmis full circle
June 5, 2010
Greg AndrewsThe going-private deal he worked out—with New York-based Alden Global Capital—could result in another public offering
five years from now.
MoreUPDATE: Lawsuits could still go forward, despite Emmis deal
May 26, 2010
Scott OlsonCompany shareholders challenging the transaction to sell Emmis Communications Corp. still could be awarded damages despite
the board's decision to OK the deal, lawyer says.
MoreCEO Smulyan gets OK to take Emmis private
May 26, 2010
IBJ Staff and Bloomberg NewsEmmis Communications Corp. agreed to be acquired for about $90 million by closely held JS Acquisition LLC, a company formed
by Emmis CEO Jeff Smulyan.
MoreSports talk host JMV lands at Emmis station
May 24, 2010
Kathleen McLaughlinJMV's new show, "The Ride," will run weekdays from 3 p.m. to 7 p.m starting Monday.
MoreShareholders sue to block deal to take Emmis private
May 14, 2010
J.K. WallThe 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.
MoreMissed payments force Emmis to add independent directors
April 16, 2010
Peter SchnitzlerPreferred 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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Ameriana Bank took over Westfield Farmers Market for 2013 and it is held in their parking lot, corner of 32 and Carey road, 5 to 8. I am selling soap and candles there. great market!
B&T certainly has enough of our taxpayer dollars to do this thanks to Mayor Ballard. Given the firm's exceedingly poor reputation in the legal community, the basement would seem a better option.
Should read MAY hire 20 people.
Not a good location for a 300,000 home. 10th Street fumes, buses, noise. Max for this location 150,000.
The state constitution also does not say that the majority has a right to quorum, nor that the minority is required to allow them quorum. In fact, denial of quorum has been a parliamentary maneuver since the establishment of the first parliaments in the early 1600s. The right to deny quorum (and the requirement fore quorum) are to prevent exactly what happened in Indiana: A tyrannical majority pushing through odious, objectionable legislation. Denial of quorum is totally legitimate, and lest we forget, a tactic the GOP has employed many, many times to ensure their issues weren't given short shrift. By allowing the majority to impose "fines" on the minority for exercising the authority the constitution grants them (to deny quorum,) they are violating the constitution.