Emmis Communications Corp. shareholders on Thursday voted to approve a one-for-four reverse stock split that is aimed at avoiding a delisting of the stock by Nasdaq. The media company also announced first quarter results.
Travis DiNicola, the longtime executive director of Indy Reads and a fervent supporter of the local arts community through WFYI's "The Art of the Matter," plans to move to Pennsylvania by summer's end.
Emmis received a letter from the stock exchange in December notifying the company that its stock had closed below its minimum $1-per-share requirement for 30 straight business days.
Nasdaq rules give Emmis 180 days, or until June 6, to get back in compliance.