In a letter to a special committee of the board of directors, Smulyan said he looks forward "to further discussions with the committee and its financial advisor and legal counsel to complete a mutually acceptable transaction."
Lt. Gov. Eric Holcomb's campaign says it will start running TV ads soon, and that it's been using phone banks, door-to-door efforts and social media to reach voters. Democrat John Gregg has been advertising aggressively.
For the third time in a decade, CEO Jeff Smulyan is making an offer for the outstanding shares of Emmis Communications Corp., which runs radio stations and magazines in Indianapolis and major U.S. markets.