Radio

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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Preferred-shareholder group sues Emmis over restructuring

April 17, 2012
Anthony Schoettle
A 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.
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Emmis sues Hungary for political interference in radio bids

April 4, 2012
Bloomberg News
Hungary 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.
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Emmis vote could deal blow to preferred shareholders

March 14, 2012
Greg Andrews
Emmis Communications is calling a special meeting where investors will be asked to eliminate the right of preferred stockholders to receive millions of dollars in dividends. The firm also seeks approval for a reverse stock split that would prevent a looming NASDAQ delisting.
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Emmis plans to appeal looming NASDAQ delisting

March 5, 2012
 IBJ Staff
Emmis 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.
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Local PBS station warns of potential scam

February 22, 2012
Scott Olson
WFYI is alerting local organizations and corporate partners about a Florida-based company asking for $20,000-plus to produce programs on not-for-profits that likely would not air on public television, as promised.
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ESPN pleased with Pan Am Plaza broadcast decision

February 3, 2012
Scott Olson
The sports network originally considered broadcasting from Monument Circle, but chose the plaza because the location has Lucas Oil Stadium as an ideal backdrop.
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Financial maneuvers give Emmis new lease on lifeRestricted Content

January 21, 2012
Greg Andrews
The company has made tremendous progress in recent weeks addressing problems that have scared off investors and pushed the price of its common stock below $1.
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Emmis posts big profit, but revenue shrinks

January 12, 2012
Scott Olson
The 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.
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The Fan winning sports-talk radio war by wide marginRestricted Content

December 17, 2011
Anthony Schoettle
Radio station WFNI-AM 1070 is challenging some FM music stations in the battle for male listeners.
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Emmis strikes $16M deal to buy back preferred stock

November 22, 2011
Greg Andrews
The transaction with New York-based Alden Global Capital, the largest holder of Emmis preferred stock, is expected to end more than a year of legal wrangling involving the two companies.
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Emmis sues ex-director, alleges he leaked information

November 19, 2011
 IBJ Staff
Indianapolis-based Emmis Communications Corp. sued a former board member Friday, claiming he leaked information that caused a major holder of preferred stock to drop plans to resell those shares back to the company.
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Radio vets Cosby, Stuck among Clear Channel layoffs

October 27, 2011
Cory Schouten
Several 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.
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Emmis finds silver lining despite deep losses in 2Q

October 13, 2011
Anthony Schoettle
Indianapolis-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.
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Struggling Emmis faces NASDAQ delisting again

September 2, 2011
 IBJ Staff
The 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.
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'Abdul in the Morning' show to end Friday

August 11, 2011
J.K. Wall
Abdul-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.
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Emmis' local radio stations get big lift from new ratings system

July 20, 2011
Anthony Schoettle
During the quarter ended May 31, ratings at Emmis Communications' four local stations greatly outpaced other stations in the market.
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Emmis reports larger quarterly loss, higher revenue

July 13, 2011
Scott Olson
For 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.
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Smulyan says Emmis ready 'to go back on offensive'Restricted Content

June 25, 2011
Greg Andrews
Emmis' 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.
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