Radio Stations
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 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.
MoreAs commercial stations sputter, WFYI hits the gas
April 7, 2012
Anthony SchoettleThe city’s public radio and television stations are more than holding their own, even as their commercial brethren continue
to suffer from a now-5-year-old economic swoon.
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.
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.
More'Abdul in the Morning' show to end Friday
August 11, 2011
J.K. WallAbdul-Hakim Shabazz said his morning radio show on WXNT-AM 1430 will be replaced by the syndicated "Wall Street Journal
Report" on Monday in a cost-cutting decision by Entercom Communications Corp.
MoreEmmis' local radio stations get big lift from new ratings system
July 20, 2011
Anthony SchoettleDuring the quarter ended May 31, ratings at Emmis Communications' four local stations greatly outpaced other stations in the
market.
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.
MoreMusic stations doing just fine without on-air DJs
July 9, 2011
Marc D. AllanMany popular and well-paid disc jockeys in the local radio market have been let go over the last several years, and their
station’s ratings generally didn’t suffer when they left.
MoreDJ says diverging from playlist cost him job
July 9, 2011
Marc D. AllanFormer WFMS-FM 95.5 on-air personality J.D. Cannon said he was fired for insubordination after Jan Jeffries, Atlanta-based
senior vice president of programming for Cumulus, heard WFMS play “Long Black Train” by Josh Turner and “Killin’
Time” by Clint Black.
MoreSmulyan says Emmis ready 'to go back on offensive'
June 25, 2011
Greg AndrewsEmmis' sale of two stations in Chicago and one in New York City will allow the company to chop more than $100 million
off its $331 million in long-term debt—clearing the way for it to arrange a refinancing under favorable terms.
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.
MoreWFYI sets on-air fundraising record
April 22, 2011
Kathleen McLaughlinPublic radio station WFYI will be comfortably ahead of its fundraising goal when an on-air drive wraps up Friday evening.
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.
MoreWXLW beats odds to stay in sports-talk radio
March 26, 2011
Anthony SchoetleSmall Franklin station has survived loss of ESPN affiliation, emergence of better-funded competitors.
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Maybe they should have sold the naming rights to the new airport terminal, instead of giving it away for nothing to honor some obscure politician.
Rolls Royce Terminal sounds nice, and $10 million a year licensing fee sounds pretty good right now.
The old airport terminal was a complete dump that was a patchwork of "fixes" over the decades with a confusing and frustrating maze of roads leading to it.
The new airport terminal is well worth it.
It is the first and last impression anyone coming from any real distance remembers of our community.
It is an essential service that is used everyday, unlike the $750 million football stadium.
Nothing like putting on the Ritz.
Flipsides Pretzel Crackers
The new airport was a waste of money and it was a "legacy" project for Bart Peterson. BAA, the former airport operator, did a complete study showing that if the airport spent $275 million on the old terminal, the airport would be better positioned for the future, financially. Bart Peterson and Melina Kennedy felt differently and with the help of Patrick Dooley, then airport director, they set out in spending the money to build the new terminal. No taxpayer money is used to operate the airport, but we all pay for the new and old airport facilities through higher fees.