Radio

After cutting debt, Emmis lines up $100M refinancing

December 28, 2012
Greg Andrews
The Indianapolis-based media company had been carrying debt far above market rates, some as high as 23 percent. It also was facing tens of millions of dollars in debt maturities in 2013 and 2014.
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Listener surveys are routine, WIBC saysRestricted Content

December 22, 2012
Conservative talk radio station says it won't turn to more moderate programming, though some stations have adjusted their mix.
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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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Funding cuts may pull plug on school broadcasting

December 7, 2012
Associated Press
In August, Greenfield city officials decided to drastically slash funds for Greenfield-Central High School's broadcasting program. The future of the programs remains in a state of limbo for the 2013-14 school year and beyond.
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Emmis’ quarterly profit rises on sale of station

October 11, 2012
Much of Emmis' profit stemmed from the Aug. 23 sale of KXOS-FM in Los Angeles for $85.5 million, from which the company reported a gain from discontinued operations of $32.8 million.
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WFMS property fetches $625,000 bid in county tax sale

October 8, 2012
Scott Olson
Suburban New Orleans investment firm National Tax Asset Fund LLC placed the bid during the Marion County tax sale that ended Friday. WFMS parent Cumulus Media Inc. owns the property and owes more than $80,000 in back taxes.
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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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Indiana Sports Talk still growing after 18-plus yearsRestricted Content

September 15, 2012
Anthony Schoettle
Statewide syndicated radio show thrives despite doubters, host's heart attack.
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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 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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Bold challenge to country giant WFMS paying off for HankRestricted Content

June 30, 2012
Anthony Schoettle
After more than two decades as one of the Indianapolis market’s top ratings- and revenue-generators, country radio station WFMS-FM 95.5 is getting some serious competition from relative newcomer WLHK-FM 97.1—popularly known as Hank.
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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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Emmis ends profitable year despite quarterly loss

May 10, 2012
Scott Olson
The Indianapolis-based media company lost $18.2 million in its fiscal fourth quarter but reported a profit of $79.5 million for the fiscal year largely due to the repurchase of company preferred stock.
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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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After years of 'pushing water uphill,' Emmis now nimbleRestricted Content

May 5, 2012
Greg Andrews
The 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.
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Wheat 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.
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Emmis gains extension on NASDAQ listing

April 27, 2012
Jeff Newman
Emmis 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.
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Emmis inks two deals for $92.5 million infusion

April 26, 2012
Anthony Schoettle
The 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.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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